Diageo to start buying back GBP1.4 bln of shares

Diageo PLC (DGE.LN) said Friday that it will start buying back up to 1.4 billion pounds ($1.79 billion) of its shares until Jan. 31, under the buyback program approved by the board last month. The drinks maker, which houses Smirnoff vodka, Johnnie Walker whisky and Gordon’s Gin among its brands, said further tranches of the program will be announced during […]

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Jeff Bezos shoots for the moon

When Barack Obama was president, NASA’s sights were firmly set on conquering Mars. President Trump’s new team has other priorities, and they’re taking shape in a series of partnerships with private companies to colonize the moon. Before we can inhabit Earth’s only satellite, quite a few steps need to be taken, the first of which is figuring out how to […]

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Innogy posts higher net profit, backs guidance

Innogy SE (IGY.XE) said Friday that first-half net profit rose and backed its guidance for the full year. Net profit in the period was 850 million euros ($984.1 million), a 4% increase from the same period a year ago, the German renewables company said. External revenue fell 4.8% to EUR20.66 billion. Adjusted earnings before interest and taxes fell 10% to […]

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Overstock is more valued as a crypto company, making it a new-age Yahoo

Overstock.com Inc. is starting to become another Yahoo, but for the blockchain age. Before Yahoo Inc. sold itself to Verizon Communications Inc. VZ, +0.59% last year for $4.48 billion, it was valued by investors mostly for its hefty stake in Alibaba Group Holdings BABA, -0.19% , the Chinese e-commerce giant. Today, that stake, along with a stake in Yahoo Japan, sits […]

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WeWork raises another $1 billion from SoftBank, doubles revenue

WeWork Cos. on Thursday disclosed it raised another $1 billion in funding from SoftBank Group Corp., as the shared-office company continues its rapid growth by doubling revenue but piling up losses, according to newly released financial information on Thursday. The New York-based company said its loss in the first half of the year more than tripled to $723 million from […]

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Here’s what the junk-bond market says about Tesla going private

The corporate bond market seems to be betting that the going-private transaction mooted by Tesla Inc. Chief Executive Elon Musk earlier this week will not materialize, or at least not in any conventional way. Tesla TSLA, -5.21% bonds, which unusually for debt tend to track the stock’s performance, initially jumped after Musk shocked investors with a tweet saying he had secured […]

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Panel favours powers for SEBI to intercept phone calls

A committee set up by the Securities and Exchange Board of India (SEBI) has recommended giving the capital market watchdog direct powers to intercept phone calls for better investigation while strengthening the regulations to act against perpetrators of financial statements fraud. Direct power “The committee has recommended that SEBI may seek direct power to intercept calls to aid in investigation, […]

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Security company ADT shares slip after quarterly loss disappoints

Shares of security company ADT Inc. slid 3% Thursday, after the company posted an unexpected loss for the second quarter as it continued to grapple with high costs, including to service debt taken on as part of a 2016 leveraged buyout by Apollo Global Management. Boca Raton, Fla-based ADT ADT, -7.65% said it had a net loss of $67 million, or […]

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Aftershock shakes survivors of Indonesia quake

JAKARTA, Indonesia—A powerful aftershock sent thousands of residents of the Indonesian island of Lombok running into the streets and toppled buildings already weakened by Sunday’s even stronger quake. The 6.2-magnitude quake Thursday hit the northwest coast, where Sunday’s 7.0-magnitude temblor had damaged tens of thousands of homes, displacing more than 150,000 people and leaving hundreds dead. Since Sunday more than […]

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