Icahn Enterprises L.P.’s stock closed at its lowest level since June 8, 2004, on Friday, ahead of the release of third-quarter earnings later this week. The stock IEP, -0.47% has languished this…
Tag: corporate
Canadian Auto Workers Walk Out on Stellantis
TORONTO—Canadian auto workers went on strike against Stellantis after midnight Monday, when the two sides failed to reach an agreement. The walkout by about 8,200 members of Canada’s Unifor union will close…
Detroit Is Paying Up to End the UAW Strike. Now Carmakers Will Live With the Costs.
Updated Oct. 30, 2023 8:18 am ET The end of the United Auto Workers strikes against Ford Motor and Chrysler-parent Stellantis offered some relief in Detroit after a bruising six-week labor showdown….
Meta Pauses Ads for Users Under 18 in Europe as It Rolls Out Subscriptions
Meta Platforms will stop showing adverts to European teens as part of a plan announced Monday to launch new subscription-based versions of its social-media products to comply with the continent’s regulations. The…
The Sales Pitch for an 8% Mortgage: Buy Now, Refinance Later—for Free
Lenders have a proposition for home buyers who can’t stomach an 8% mortgage rate: Buy now, and refinance later for free. Lenders are making these offers because the market for mortgages cratered…
Western Digital to Break up, Separating Hard-Drive Business From Flash-Memory Unit
Western Digital plans to break itself up, separating its business making traditional hard drives for computers from its flash-memory business. The move will effectively unwind Western Digital’s $19 billion acquisition of SanDisk…
Spirit Realty’s stock rallies on $9 billion buyout by Realty Income Corp.
Spirit Realty Capital Inc.’s stock was up by 7% in premarket trading on Monday after it agreed to be acquired by Realty Income Corp. in a deal that values the Dallas-based real…
Healthpeak Properties and Physicians Realty to combine in $21 billion all-stock merger of equals
Healthpeak Properties Inc. and Physicians Realty Trust said Monday they are combining in an all-stock merger of equals valued at about $21 billion. Under the terms of the deal, each of Milwaukee-based…
Climate Risk Is Becoming Uninsurable. Better Forecasting Can Help.
Households and businesses are being priced out of insurance just as the effects of climate change start to bite. A new generation of mathematical modelers might be able to help defuse this…
Check Point Software beats earnings expectations as Israel-based cybersecurity company sees business operate ‘as planned’
Israel-based cybersecurity company Check Point Software Technologies Ltd. CHKP, -0.48% reported Monday third-quarter profit and revenue that rose above expectations, and said its business has operated “as planned” despite the Hamas-Israel war….