Thursday, January 20th, 2022

Tag: billion

Goldman Sachs earned nearly $4 billion, but that wasn’t good enough

The investment banking powerhouse said Tuesday that it earned $3.9 billion in the fourth quarter, or $10.81 a share. But analysts had been forecasting a profit of $4.1 billion, or $11.70 a share. Shares...

Ford expects $8.2 billion Q4 gain from Rivian investment

Ford on Tuesday also said it would reclassify a previous $900 million non-cash gain from Rivian into its special items. That means that figure will no longer be included in its adjusted EBIT forecast....

FarmVille maker Zynga getting bought by Take-Two for $12.7 billion

Take-Two said Monday it is buying Zynga in a cash-and-stock deal valued at $12.7 billion, including debt. The deal values Zynga at $9.86 a share. Shares of Zynga (ZNGA) soared more than 40% on...

Tencent is giving away $16 billion of its stake in JD.com

Tencent (TCEHY) plans to distribute more than $16 billion worth of its stake in JD.com (JD) to its shareholders as a one-time dividend, the Chinese gaming and social media giant said Thursday in a...

Airline CEOs explain flight cancellations to Congress after taking $54 billion in taxpayer aid

An American Airlines plane lands at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images Top airline executives on Wednesday told a Senate panel that a tight...

Potential $100 billion Porsche IPO being considered by parent VW, report says

HAMBURG — Volkswagen Group is still exploring a possible initial public offering of its luxury brand Porsche as a way to fund its costly shift towards software and electric vehicles, two people familiar with...

Iberdrola, H2 Green Steel partner on $2.6 billion green hydrogen plan

The Iberdrola Tower in Bilbao, Spain. SOPA Images | LightRocket | Getty Images Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will produce green...

FTC sues to block Nvidia’s $40 billion acquisition of Arm

Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019. Patrick T. Fallon |...

CEOs and insiders sell a record $69 billion of their stock

CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits. From Satya Nadella at Microsoft to Jeff...

Nissan to invest $17.6 billion to ramp up electric vehicle offering

Japanese automotive giant Nissan is to invest 2 trillion yen (around $17.6 billion) over the next five years to speed up the electrification of its product line. Nissan said on Monday it would aim...