Spinoff

© Reuters. On Wednesday, Citi updated its outlook on 3M shares (NYSE:MMM), increasing the price target to $114 from the previous $104 while maintaining a Neutral rating on the stock. The adjustment comes as 3M prepares for the…

The Bitcoin ETF market has entered a new phase of intense competition as asset managers and issuers strive to attract clients and expand their assets under management (AUM).  Amid this fee war, digital asset manager Grayscale…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of Google DeepMind believes its drug discovery spinout will halve the time taken to find new medicines,…

The space business and public markets are not, perhaps, a match made in heaven. Consider the much-anticipated Starlink IPO. Elon Musk’s SpaceX is the most valuable private company in the U.S., and its largest revenue driver by far is…

© Reuters. FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo By Casey Hall and Akash Sriram (Reuters) -Alibaba Group has scrapped plans to…

straga/iStock via Getty Images Southwest Gas (New York Stock Exchange: SWX) said on Wednesday that the planned spin-off of its Centuri subsidiary is on track in the fourth quarter of 2023 or the first quarter of 2024. Southwest Gas…

Alibaba shares were about to open higher on Thursday after the company reported earnings. But the sellers pushed the stock lower after BABA stock encountered resistance near 89. It seems that BABA stock is for sale after the recent…

© Reuters. FILE PHOTO: Incoming Chairman of Seven & i Holdings Co., Ryuichi Isaka poses for a photograph next to the company's logo and a map of Japan at the company's headquarters in Tokyo, Japan, May 5, 2016. REUTERS/Issei…

Johnson & Johnson (NYSE: JNJ) carving out the consumer healthcare business, Kenvue Corporation, Priced Its doubled initial public offering of 172.8 million shares at $22.00 per share. Kenvue's IPO is estimated at $41 billion.The…