Today, we’re talking about Airbnb's IPO projects and the merger under discussion between BBVA and Sabadell in Spain. Amazon launched an online pharmacy offering, while Berkshire Hathaway is investing in healthcare.
Baidu: the Chinese search engine achieved better-than-expected results, with a return to growth in Q3.
The Home Depot recorded a 24.1% increase in sales on a comparable basis for the third quarter, well above expectations. The group of DIY and home improvement department stores announced plans to increase employee compensation by $1 billion per year.
Kohl’s, the department store chain, announced a 13.3% decline in same-store sales in the third quarter.
Walmart saw a stronger than expected 6.4% increase in its U.S. same-store sales excluding fuel in the quarter ended October.
Zooplus: Nine-month revenues were up 18% and Ebitda increased sevenfold compared to the same period in 2019. The forecasts raised in October are confirmed.
In other news:
Amazon.com launched today an online pharmacy offering in the U.S. that includes prescription drugs, which represents new competition for the major drugstore chains.
Banco Bilbao Vizcaya Argentaria is negotiating a merger with Banco de Sabadell, a new stage in the consolidation of the banking sector in Southern Europe, which would give rise to a group worth some €27.5 billion.
Banco Santander will acquire Wirecard's European activities for an unspecified amount. The Süddeutsche Zeitung had recently reported €100 million.
Volkswagen has not taken a decision on the future of Lamborghini and Ducati, but is modifying their shareholder structure with a view to an operation that could constitute a demerger.
Berkshire Hathaway is investing in healthcare: Merck, Pfizer, Bristol-Myers Squibb, AbbVie are among the recent investments.
Ryan Cohen (Chewy) owns nearly 10% of Gamestop and wants the company to think about its strategy.
Costco Wholesale will distribute a special dividend of USD 10 per share.
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