Year: 2024

Schlumberger will pay almost $400 million to acquire 80% of carbon-capture company Aker Carbon Capture, creating a combined carbon-capture-focused venture.

In its annual filing the company said that its lack of internal control was partially a result of senior management failing to set an appropriate tone, specifically related to the delayed payments.

The retail giant expects to refile the paperwork on Friday to give antitrust agencies more time to review the $2.3 billion deal.

Some of China’s biggest developers are doubling down on asset management and investment property rather than home building, seeking more stable sources of income as hopes for a turnaround in the country’s real-estate sector fade.

UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.

Geopolitics is reshaping the car industry, driving carmakers to update their strategies for where they make and sell cars.

Executives were aware of the former RNC chief’s baggage, but were reassured by her recent statements.

Fisker is cutting the suggested prices for some of its 2023 model-year vehicles in a bid to drum up demand for its cars as the startup struggles for cash.

Neuberger Berman supports Trian’s slate, citing the company’s succession woes. Others are backing Disney CEO Bob Iger.

The first major U.S. health insurers have agreed to start paying for the popular anti-obesity drug Wegovy for certain people on Medicare with heart-related conditions.