Exclusive: L3Harris nears $4.7 billion deal to acquire Aerojet Rocketdyne
L3Harris Technologies Inc is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc, 10 months after the latter’s $4.4 billion sale to Lockheed Martin Corp fell through, people familiar with the matter said on Saturday.
Italy’s Enel to sell assets and focus on six main markets
Enel plans asset sales worth 21 billion euros ($21.5 billion) to reduce net debt and focus its transition to cleaner energy on six core countries, the Italian utility said on Tuesday.
WeWork to exit 40 U.S. locations to cut costs, revenue outlook disappoints
WeWork Inc said on Thursday it will exit about 40 locations across the United States and forecast current-quarter revenue below estimates as the flexible workspace provider faces high expenses and a strong U.S. dollar.
NatWest shares plunge after warning on rising costs
NatWest’s shares fell as much as 9% on Friday after the British bank warned of rising costs, and as its third-quarter results were hit by a deteriorating UK economic outlook that prompted an increase in bad debt provisions.
UK mortgage market faces ‘significant stress’ – Morgan Stanley
Britain’s mortgage market faces significant stress as households struggle to meet the surging cost of home loans, investment bank Morgan Stanley said in a research note on Monday.
Futures tick down ahead of big bank earnings, retail sales data
U.S. stock index futures edged lower on Friday as caution kicked in ahead of quarterly results from four of the nation’s biggest banks that could set the tone for the third-quarter earnings season.
Samsung quarterly profit set to slump 25%, first decline in nearly three years
Samsung Electronics Co Ltd’s (005930.KS) third-quarter profit could tumble 25%, the first year-on-year decline in nearly three years, as an economic downturn saps demand for electronic devices and the chips that power them.
Exclusive: GE lays off workers at onshore wind unit as part of turnaround strategy
General Electric Co is laying off workers at its onshore wind unit as part of a plan to restructure and resize the business, which is grappling with weak demand, rising costs and supply-chain delays, four sources familiar with the move said.
Turkish bank stocks’ rollercoaster ride leaves investors reeling
Head-spinning volatility in Turkey’s banking shares has left investors reeling after a 100% stock market surge this year, driven by the highest available real returns, gave way to a sharp slide this week.
Oil falls more than 1.5% on demand fears and strong dollar
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline.
