Industry

Dick's Sporting Goods to Acquire Foot Locker for $2.4 Billion

Dick's acquires Foot Locker for $2.4B, aiming to expand global presence amid retail sector consolidation.

#dickssportinggoods, #footlocker, #mergersandacquisitions, #retail

IEA Projects Slowdown in Global Oil Demand Growth for 2025

IEA forecasts slower global oil demand growth in 2025; economic uncertainties and EV adoption influence the trend.

#iea, #oil, #demand, #economy, #evs

Kraft Heinz to Invest $3 Billion to Upgrade U.S. Manufacturing Plants

Kraft Heinz announces a $3B investment to modernize 30 U.S. plants, boosting efficiency amid economic uncertainties.

#kraftheinz, #investment, #manufacturing, #economy

Kraft Heinz Invests $3 Billion to Upgrade U.S. Manufacturing Plants

Kraft Heinz invests $3B to upgrade 30 U.S. plants, boosting efficiency and supporting growth amid economic uncertainties.

#kraftheinz, #investment, #manufacturing, #trade, #foodindustry

Moët Hennessy Faces Financial Turmoil Amid Leadership Changes

Moët Hennessy confronts financial challenges with new leadership, aiming to revive profitability amidst changing market dynamics.

#moethennessy, #lvmh, #luxurybrands, #financialcrisis

NRG Energy to Acquire LS Power Assets in $12 Billion Deal

NRG Energy's $12 billion acquisition of LS Power assets aims to double its power capacity amid rising electricity demand.

#nrgenergy, #lspower, #acquisition, #energysector

MTN Group's Profit Soars by 33%, Bolstered by Service Revenue and Strategic Expansion

MTN Group reports a 33% profit rise, driven by service revenue and a new streaming partnership with Synamedia in Africa.

#mtn, #africa, #telecommunications, #streaming

BP Faces Takeover Interest from Major Energy Giants Amid Share Price Decline

BP becomes a takeover target for energy giants like Shell and Exxon amid declining share prices and past liabilities.

#bp, #oil, #acquisition, #energy, #takeover

Capital One to Acquire Discover Financial Services in Landmark $35.3 Billion Deal

Capital One's $35B acquisition of Discover, approved by U.S. regulators, to become top U.S. credit card issuer.

#capitalone, #discover, #banking, #merger, #creditcards

Crown Estate Approves 4.7 GW Offshore Wind Expansion, Boosting UK Energy Goals

UK advances to 50 GW offshore wind target with new 4.7 GW approval, despite economic and logistical hurdles.

#offshorewind, #renewableenergy, #ukenergy, #climateaction

Panasonic Announces 10,000 Job Cuts Following Profit Decline

Panasonic to cut 10,000 jobs amid profit slump, focusing on EV battery growth.

#panasonic, #layoffs, #evbatteries, #restructuring, #profitdecline

TE Connectivity to Acquire Richards Manufacturing for $2.3 Billion

TE Connectivity announces acquisition of Richards Manufacturing to strengthen its role in the U.S. power grid modernization.

#teconnectivity, #acquisition, #electricalutilities, #richardsmanufacturing

MHA to Acquire Baker Tilly's Greek and Cypriot Operations for €24 Million

UK accountancy firm MHA expands by acquiring Baker Tilly's Greece and Cyprus units for €24m, enhancing its international footprint.

#mha, #bakertilly, #acquisition, #accountancy, #expansion

DoorDash's $3.9 Billion Acquisition of Deliveroo Marks Major Industry Consolidation

DoorDash to acquire UK competitor Deliveroo for $3.9 billion, expanding its global presence in over 40 markets.

#doordash, #deliveroo, #acquisition, #fooddelivery, #business

Global M&A Activity Plummets Amid Trump's 'Liberation Day' Tariffs

Global M&A hits 20-year low as US tariffs introduce market uncertainty. Deal values fall, affecting manufacturing more than tech sectors.

#tariffs, #manda, #globaldeals, #tradepolicy