Japan's Renesas Electronics to Buy Altium for $5.9 Billion

Renesas said it plans to fund the transaction with bank loans and cash on hand. 


 
Elon Musk's SpaceX Looks to Move Incorporation to Texas From Delaware

The rocket company's move comes about two weeks after a Delaware court ordered Musk to give up a Tesla compensation package valued at $55.8 billion. 


 
Cisco to Cut 5% of Workforce Amid Restructuring Efforts

Cisco said the cuts are part of a restructuring plan to realign its business and enable further investment in key areas 


 
BHP Signals $5.7 Billion of Write-Downs From Nickel Crash, Dam Failure Fallout

The world's biggest miner says it could mothball its big Nickel West operation if prices of the battery metal don't improve. 


 
Warren Buffett's Berkshire Hathaway Trims Its Massive Stake in Apple

The investment had grown to an outsize share of the stock portfolio, prompting questions about how big Berkshire would let it grow. 


 
Arena Group Says It Is Still in Talks With Sports Illustrated Owner

Arena said there is an unresolved claim of $45 million against the company by Authentic, and the company would continue to publish Sports Illustrated until the issue is resolved. 


 
Morgan Stanley Is Laying Off Several Hundred in Wealth-Management Division

The Wall Street firm's plans to rein in costs under new Chief Executive Ted Pick will focus on a critical area. 


 
Wesfarmers's First-Half Profit Boosted by Retail

Australian industrial-retail conglomerate Wesfarmers said its half-year profit rose by 3%, reflecting a strong performance in retail but a drag from lower commodity prices. 


 
Treasury Wine Half-Year Profit Falls As China Reviews Tariffs

Australian vintner Treasury Wine Estates' half-year net profit fell 11%, a result it said reflected the planned weighting of some wine shipments to the fiscal second half as China reviews tariffs on Australian wine. 


 
Activist investor Trian assails Disney moves as 'spaghetti-against-the-wall plan'

Nelson Peltz's Trian Fund Management, which is headed for a showdown with Walt Disney Co. at the company's annual shareholders meeting on April 3, upped the ante on Wednesday in a stinging letter that dismissed Disney's latest moves as a "spaghetti-against-the-wall plan."


(END) Dow Jones Newswires

02-14-24 2115ET