Toshiba Corp has accepted a buyout offer from a group led by private equity firm Japan Industrial Partners.
Zurich to legalize consumption and sale of cannabis on trial basis
Switzerland has approved plans to legalize the sale and consumption of cannabis in Zurich in a trial designed to assess the economic and social benefits of regulating the drug.
Olive Garden parent raises revenue outlook as same-store sales jump
Darden’s same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.
This little-known biotech stock developing treatments for blood disorders could jump 80%, BMO says
The firm initiated coverage of this stock with an outperform rating and a $40 price target.
Ukraine wants to win China over as Russia’s invasion continues. Some say it shouldn’t bother trying
Analysts say Kyiv could be wasting its time looking to Beijing for support as Russia’s invasion continues into a second year.
Starbucks shareholders to vote on proposals for labor probe, succession planning
New Starbucks CEO Laxman Narasimhan will lead the company’s shareholder meeting just days after his transition to the role.
Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.
Europe’s rush to LNG could turn into ‘world’s most expensive and unnecessary insurance policy’
Several European countries have announced new LNG projects or the expansion to existing ones in response to shutdown of Russian gas pipelines.
Oppenheimer downgrades Coinbase, cites ‘unhealthy regulatory climate’ after Wells notice
The firm said there are troubling signals for the digital asset sector following the collapse of Silicon Valley Bank and Signature Bank and other banks.