Ben & Jerry's Owner Loses Its Taste for Ice Cream

Unilever plans to spin off its ice-cream business and could consider a sale, with 7,500 jobs potentially being affected. 


 
Pfizer to Raise Around $4.27 Billion From Haleon Shares Sale

Pfizer is raising around $4.27 billion from the sale of part of its stake in consumer-healthcare business Haleon. 


 
A Year After Credit Suisse's Fall, UBS's Path Is Lined With Temptation

UBS wants to use the Credit Suisse acquisition to expand its investment banking operations in the U.S. Above all, though, it needs to retain the focus on wealth management that is beloved by investors. 


 
Brookfield Asset Management Names Hadley Peer Marshall as New CFO

Peer Marshall, who has been with the alternative investment manager since 2015, will succeed Bahir Manios as finance chief at the end of May. 


 
Xiaomi's Quarterly Results Beat Estimates but Annual Sales Fall

Xiaomi posted a 51% rise in quarterly profit as higher smartphone sales after the pandemic offset expenses for its first electric car launching next week. 


 
AstraZeneca Expands Cancer Treatments With Fusion Buy

AstraZeneca is buying Fusion Pharmaceuticals for up to $2.4 billion as part of a plan to accelerate the development of next-generation cancer treatments. 


 
Thyssenkrupp Evaluates Carlyle Bid For Marine Business

Thyssenkrupp has agreed to begin due-diligence procedures for a possible partial sale of its marine systems business to Carlyle. 


 
XPeng Narrows Losses as Revenue Accelerates, Sees More Growth Ahead

Chinese electric-car maker XPeng seems to making progress in its bid to turn profitable this year, guiding for more sales growth after posting a sharply narrowed net loss and record-high revenue. 


 
WuXi AppTec's Net Profit Jumps, Reiterates It Doesn't Pose Security Threat

Chinese biotechnology company WuXi AppTec said net profit jumped last year, while reiterating that it doesn't pose a security threat to any country amid worries over a potential U.S. ban. 


 
Nvidia Unveils Latest Chips at 'AI Woodstock'

The new chips are much faster and larger than their predecessors and are expected to be available later this year. CEO Jensen Huang described how they could be used to train the latest AI models.


(END) Dow Jones Newswires

03-19-24 0915ET