[ad_1] The move would untether the company’s merchant-payments business, but near-term revenue hurdles loom. [ad_2] Source link
Tag: New Companies Creation
Credit Suisse Buys Klein & Co. in Step to Investment Bank Spinoff
[ad_1] Markets Swiss bank is buying the New York advisory while posting another quarterly loss and more customer outflows [ad_2] Source link
J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court Rules
[ad_1] A federal appeals court rejected Johnson & Johnson ‘s plan to use a legal strategy to push about 38,000 talc lawsuits into bankruptcy court, hampering the controversial tactic the…
Breakup of Google’s Ad Business Would Reshape $500 Billion Sector
[ad_1] If the government prevails in its antitrust case, an asset spinoff is thought to be more likely than a sale. [ad_2] Source link
IBM to Cut 3,900 Jobs Amid Broader Tech Slowdown
[ad_1] The information-technology company says the cuts stem from its Kyndryl spinoff and healthcare divestiture [ad_2] Source link
Bayer Could Go the Way of General Electric and Daimler
[ad_1] Markets Heard on the Street Investor hopes are once again rising that some kind of breakup could start to close the valuation discount at which the embattled German company…
Robinhood Launches News Business Sherwood Media
[ad_1] By Will Feuer Robinhood Markets Inc. said it has formed a new subsidiary, called Sherwood Media LLC, that will be home to the stock-trading app’s news business, and has…
GE’s Spinoff Deserves Healthy Skepticism
[ad_1] While GE HealthCare will deliver better growth as a stand-alone, the new company’s valuation looks stretched and its leverage is high. [ad_2] Source link
General Electric Set to Spin Off Health Unit—Putting Focus Back on Power Division
[ad_1] Business GE HealthCare shares start trading this week, but investors are cautious about prospects for spinoff of power business [ad_2] Source link