Italy's competition authority has fined Amazon and Apple more than €200m (£168m) for allegedly breaching competition rules. Read more.
Tags : us stocks
Zoom reported better-than-expected quarterly profit on Monday, but warned investors that revenue growth at the video chat company will slow as the pandemic comes to an end. Read more.
Ford Motor and Rivian no longer plan to jointly develop an electric vehicle, the companies confirmed Friday. The two companies had originally announced plans to develop a joint vehicle when the automaker invested $500 million in Rivian in 2019. Read more.
Debt-ridden property developer China Evergrande is set to raise about $273 million from the sale of its remaining stake in film production and streaming company HengTen Networks. This is according to a statement released before the stock market opened on Thursday. Evergrande, the largest issuer of U.S. dollar debt among Chinese property developers, was on the verge of officially defaulting this year. The company has made eleventh-hour payments and resumed building apartments owed to buyers. But that's only a fraction of what the company owes. Read more.
Royal Dutch Shell has announced plans to move its headquarters to the UK as part of proposals to simplify its corporate structure. The oil giant will ask its shareholders to vote on moving its tax headquarters from the Netherlands to the UK. It also wants to ditch its dual share structure in favour of a single class of shares to "increase the speed and flexibility" of distributions to shareholders. Read more.
AstraZeneca announced it is making a modest profit on its coronavirus vaccine as the world learns to live with the virus. Read more.
Berkshire Hathaway posted another double- digit increase in operating profit thanks to a steady recovery in its rail, utilities and energy businesses from the pandemic, while the company's cash holdings hit a record high as Warren Buffett continues to sit on the sidelines. Read more.
Coca-Cola announced Monday that it has acquired full control of sports drink maker Bodyarmor for $5.6 billion. This makes it the company's largest brand acquisition to date. Read more.
Shares of Amazon fell more than 4% in extended trading Thursday after the company reported weaker-than-expected third-quarter results and disappointing forecasts for the critical holiday season. Read more.
Breaking News
International News and Market Update: Alphabet reports better-than-expected quarterly profit
Alphabet reported third-quarter profit and revenue that beat analysts' estimates. The company's shares were little changed after the report was released. Read more
Tesla reached a $1 trillion market capitalisation on Monday after announcing that Hertz has ordered 100,000 vehicles to expand its electric vehicle fleet by the end of 2022. Read more.
Shares of Netflix fell about 1% in after-hours trading Tuesday after the company reported its third-quarter results, showing investors that the streaming service continues to add subscribers. Read more.
