Diamondback sets US$26bil deal for shale oil rival Endeavor Energy
US oil producer Diamondback Energy says it will buy privately held rival Endeavor Energy Partners in US$26bil cash-and-stock deal that…
Michelin posts record annual profit
Tyre maker Michelin reported record results, citing the delayed positive impact of its 2022 price adjustments, but remained cautious for…
Higher plant utilisation a boon for PetChem
Hong Leong Investment Bank (HLIB) Research expects PETRONAS Chemicals Group Bhd’s (PetChem) earnings in the fourth quarter of financial year…
Traders turn to Arm in hunt for ‘next Nvidia’
The craze for artificial intelligence (AI) stocks sent options traders piling into bets on Arm Holdings on Monday, with many…
Uber, Lyft, DoorDash drivers to strike on Valentine’s Day for fair pay
Thousands of drivers for ride-sharing platforms Uber, Lyft and food delivery app DoorDash are expected to go on strike across…
Build-A-Bear and Jazwares face off in court
Warren Buffett is taking on Build-A-Bear. Jazwares, the Berkshire Hathaway-owned maker of the popular Squishmallows plush toys, sued Build-A-Bear Workshop…
Stellantis to invest US$111mil in Hungary facility
Stellantis says it will invest 103mil at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules…
S. Korea’s dollar bond deals rise to record US$15bil
South Korean companies have issued a record volume of dollar bonds so far this year, as they lock in funding…
CSL slumps to near two-month low on bleak outlook for units
Australia’s CSL Ltd forecast weaker outlook for its influenza vaccine making division, Seqirus, and newly acquired anaemia therapy unit, Vifor,…