US Goldman Sachs Group's pay policy will be impacted by employee competition with other banks prior to bonus season, Goldman Chief David Solomon told the Financial Times. "Competition for top talent remains very high," he stated. "Consequently, our valuations also reflect this." Employees at Goldman Sachs have complained about their reduced pay in 2022 over the last 12 months, according to the...

According to the Financial Times, Ferrovial, a co-owner of Britain's Heathrow Airport, is asking £2.4 billion ($3 billion) for a 25% share in the parent company of the airport. The Financial Times reports that infrastructure group Ferrovial will sell its 25% ownership in the parent company of London's Heathrow airport for £2.4 billion ($3 billion). Saudi Arabia's Sovereign Investment Fund (PIF)...

Starting in 2026, the German Volkswagen Group plans to use a new platform to produce low-cost electric vehicles in China, according to a statement from the business. The platform is being created in Hefei as part of the previously announced strategy of the concern, which includes tailoring cars to Chinese consumers' wants and utilizing more local components to speed up and lower production costs....

The terms will resemble those from July, when SpaceX agreed to sell shares for up to $750 million, according to the New York Post. According to sources cited by The New York Post, SpaceX, controlled by billionaire Elon Musk, intends to sell a portion of its shares in December at a price that represents the company's current valuation of approximately $150 billion. The offer's value is...

During the years 2024–2026, the Italian energy company Enel intends to make significant investments in the modernization of power distribution networks while concentrating on the extremely lucrative renewable energy market. The company's revised medium-term plan states that a total of approximately €35.8 billion in capital investments will be made over the following three years. Of this, €12.1...

The National Bank of China stated that Mastercard NUCC Information Technology Co.'s application to perform bank card clearing operations in the nation has been approved by the People's Bank of China and the State Administration of Financial Supervision of China. The organization, which was founded by China's NetsUnion Clearing Corp. (NUCC) and the United States-based Mastercard Inc., may permit...

US-based Mars Inc. will purchase British luxury chocolate manufacturer Hotel Chocolat Group Plc for £534 million ($662 million). Mars will pay 375 pence, or 2.7 times the closing price of the securities on Wednesday (139 pence), for each Hotel Chocolat’s share as per the terms of the agreement. In Thursday's trading, the price of a share of Hotel Chocolat increased by 2.6 times. "Mars has...

PepsiCo, a maker of soft drinks and snack foods, has been charged by New York State officials with contaminating the Buffalo River and endangering locals and wildlife. The prosecutor's office claims that PepsiCo employs single-use plastic in the manufacturing and packaging of at least 85 beverage goods and 25 snack products. The complaint states that around 2,000 pieces of plastic garbage with...

U.S. billionaire Warren Buffett's investment firm Berkshire Hathaway Inc. entirely divested General Motors Co. (GM) shares in the third quarter, along with several other blue-chip companies like Procter & Gamble Co., Johnson & Johnson (J&J), and United Parcel Service (UPS). According to a filing made by the investment firm with the U.S. Securities and Exchange Commission (SEC), Berkshire...