September Was Bad for Investors. October Could Be Worse.

Text size Market chaos has hit stocks, bonds, commodities, currencies, and futures. It’s hard to see it ending soon. Michael M. Santiago/Getty Images It’s a bumpy, volatile, no good, very bad market out there. Stocks, bonds, commodities, currencies, and futures have been moving violently from day to day—and there’s probably more whiplash ahead The S&P … Read more

Porsche Family to Acquire More Than 25% of the Car Maker as IPO Nears

BERLIN—Volkswagen AG largest shareholder, Porsche Automobil Holding SE said it would acquire 25% plus one additional share of the voting stock in Porsche AG when VW lists the sports-car brand, which could happen by the end of the month, the companies said on Saturday. VW, Europe’s biggest auto maker by sales, said the companies’ boards … Read more

Okta stock plunges as CEO says ‘short-term challenges’ resulted in workers leaving at a higher rate

Okta Inc. shares plummeted in extended trading Wednesday after executives revealed the software company faced issues stemming from integration of the $6.5 billion acquisition of Auth0. Okta OKTA, +0.26% executives hiked their annual earnings outlook again Wednesday, but kept their target for full-year revenue the same. Todd McKinnon, chief executive and co-founder of Okta, told … Read more

Stock Market Today: Dow Drops After Hawkish Remarks From Powell

Text size Fed Chairman Jerome Powell’s speech scheduled for Friday has hung over markets all week. Drew Angerer/Getty Images The stock market was falling Friday, as Federal Reserve Chairman Jerome Powell made hawkish remarks about monetary policy at the annual Jackson Hole Symposium, even in the face of declining inflation. After Powell’s comments, the Dow … Read more

Meet the young stars of M&A

As mergers and acquisitions hit record levels last year, the young dealmakers on Financial News‘ Rising Stars of Investment Banking list made their mark, taking central roles on key deals. Here are the M&A bankers that rose to the challenge and made it on to FN’s illustrious ranking: Jack Blomfield, managing director, William Blair Augustin D’Angerville, … Read more

Twitter v. Musk: Why the Court of Chancery Will Never Order Specific Performance.

Text size A court could compel Tesla chief executive Elon Musk to purchase Twitter, but could it compel him to operate it in the best interest of shareholders? Al Drago/Bloomberg About the author: Carliss Chatman is associate professor at Washington and Lee University School of Law. When Elon Musk decided to terminate his $44 billion … Read more

Twitter cites UK national security law in legal letter to Musk as $44bn deal teeters

Twitter cited a new British law in a legal letter to Elon Musk, in what lawyers say may indicate that the UK government had concerns about what the $44bn transaction would mean for UK national security. Twitter’s legal team demanded the billionaire comply with his obligations under the merger agreement “including by taking all steps … Read more

Elon Musk Fires Back at Twitter Lawsuit

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Warren Buffett’s Berkshire Hathaway Buys More Occidental Stock

Text size Warren Buffett’s Berkshire Hathaway purchased more Occidental Petroleum stock. AFP via Getty Images Warren Buffett’s Berkshire Hathaway disclosed the purchase of another large block of Occidental Petroleum stock. Berkshire Hathaway (ticker: BRK.A) paid $250 million from July 11 through 13 for a total of 4.3 million more shares of oil giant Occidental Petroleum … Read more

Elon Musk Seeks to Abandon $44 Billion Twitter Deal

Elon Musk Seeks to Abandon $44 Billion Twitter Deal