BHP Seeks Mining Megadeal With Anglo American Bid

The mining giant has offered to buy its longtime rival with a market cap of about $35 billion, in a deal that could reshape the global mining industry. 


 
What Is TikTok Worth? Guesses Range From $20 Billion to Over $100 Billion

The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm. 


 
Mercer Raises $3.9 Billion for Multi-Asset Private Capital Fund

Private Investment Partners VII is designed to provide broad private markets exposure to investors that lack the internal resources to identify the best managers. 


 
BNP Paribas Confirms Outlook After Earnings Beat

BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit. 


 
Investment Banking Lifts Deutsche Bank Profits

Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations. 


 
Unilever Backs Guidance as Sales Beat Forecasts

Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize. 


 
Nestle Sales Growth Slows Sharply on Consumer Uncertainty

Nestle's first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes. 


 
Barclays Backs Guidance After Profit Beat

Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter. 


 
STMicroelectronics Cuts Sales Outlook as Demand Slows

STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed. 


 
Hipgnosis Accepts Improved Concord Offer

Hipgnosis, home to the catalog of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to an improved $1.5 billion takeover by Concord Chorus, trumping an approach from Blackstone.


(END) Dow Jones Newswires

04-25-24 0515ET