BERLIN—Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two years from March 2023. Shareholders Beijing Automotive Group and Geely had agreed to divest their shares on a pro-rata basis concurrently with the share buyback to keep their stakes in the company below…
If You Don’t Sell, Did You Lose Money or Not?
Commentary Last year, the stock market was down big. The exchange-traded fund that mimics the tech stocks on Nasdaq (QQQ) was down 19.8 percent. The bond market also took a dive since the Federal Reserve moved aggressively to raise interest rates. For what it is worth, statistically there is only a 9 percent chance of…
Actor Michael B. Jordan Buys Stake of UK Club Bournemouth
BOURNEMOUTH, England—American actor Michael B. Jordan is part of the new ownership group of Premier League club Bournemouth. The club announced Tuesday that billionaire Bill Foley’s takeover has been ratified by the league and that the “Creed” actor has a minority stake. Previous owner Maxim Demin sold his 100 percent stake to Black Knight Football…
CVS to Buy Signify Health in $8 Billion Deal
NEW YORK—CVS Health Corp. on Monday agreed to buy home healthcare services company Signify Health for about $8 billion in cash, a move that will enable one of the largest U.S. healthcare companies to provide further care management to patients in their homes. Health care companies like CVS have been expanding beyond managing health and…
Money Leaks That May Be Draining Your Wallet Dry
What would it feel like to check your bank balance and find a pile of money you didn’t know you had? Stop wasting money on goods and services that don’t matter in the long run. By plugging the money leaks in your life, it’s possible you could see the financial equivalent of working a second…
Medical Device Maker Stryker to Buy Vocera Communications for $2.97 Billion
Medical device maker Stryker Corp. said on Thursday it had agreed to acquire digital care platform Vocera Communications Inc. for about $2.97 billion. Vocera shares were up nearly 27 percent at $78.63 before the bell, just shy of the offer price of $79.25 per share. Founded in 2000, Vocera caters to nearly 1,900 hospitals, allowing…
Canada’s Bank of Montreal to Buy Bank of the West From BNP Paribas for $16 Billion
TORONTO/PARIS—Bank of Montreal said on Monday it will buy BNP Paribas’ U.S. unit, Bank of the West, for $16.3 billion in a deal that will allow the Canadian bank to double its footprint in the world’s biggest economy, while giving France’s biggest bank a huge step up in firepower for deals. The deal gives BMO,…
Chip Materials Supplier Entegris to Buy Rival CMC in $6.5 Billion Deal
Entegris Inc., a supplier of semiconductor materials, said on Wednesday it would buy smaller rival CMC Materials in a deal valued at $6.5 billion, as it looks to build scale amid an unprecedented global chip shortage. Semiconductor-related businesses have been consolidating, with companies looking to scale up to invest in R&D and manufacturing to meet…
Paysafe Shares Pop as CEO, Executives, Directors Buy Shares Worth $2.8 Million
Paysafe Limited CEO Philip McHugh purchased 0.29 million shares of the company for a total purchase price of $1.0 million. McHugh purchased the shares on the open market on Dec. 3. Additionally, other executive officers and independent board members of Paysafe purchased 0.45 million shares totaling $1.8 million. They purchased the shares on the open…
Best Buy Forecasts Holiday Quarter Sales Below Estimates as Supply Issues Loom
November 23, 2021
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Best Buy Co. Inc. forecast fourth-quarter comparable sales below analysts’ estimates on Tuesday, as the electronics retailer braces for a hit from likely product shortages during the crucial holiday shopping season. The company’s shares, which have gained nearly 40 percent this year, fell 11.2 percent to $122.55 in premarket trading. Retailers are under tremendous pressure…
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