Softline Group, a provider of integrated technology solutions and information technology services, has announced an increase in its buyback programme from $10 million to $100 million, the company said in a statement. In December, the group announced the launch of the buyback program, which planned to buy back GDRs for up to $10 million during the year. The aim of the programme is to finance the...

US electric car maker Tesla will recall 53,822 vehicles produced between 2016 and 2022 due to a bug in its autonomous driving software that concerns braking in front of a stop sign, according to a release from the US National Highway Traffic Safety Administration (NHTSA). Certain Model S and Model X brand vehicles from 2016-2022, Model 3 from 2017-2022 and Model Y from 2020-2022 are subject to...

Sony Group's video game subsidiary, Sony Interactive Entertainment (SIE), will buy game developer Bungie for $3.6 billion, according to an SIE release. "Sony Interactive Entertainment LLC (SIE) today announced that it has entered into a definitive agreement to acquire Bungie, Inc. (Bungie)," the release reads. The deal is valued at $3.6 billion. The release notes that Bungie will be an...

Chevron, the second-largest US oil and gas company, posted a net profit of $15.625 billion last year after a loss of $5.543 billion a year earlier, the company said in a statement. Diluted earnings per share were $8.14 against a loss of $2.96 a year earlier. The company's total revenue jumped 1.7 times to $162.465 billion. Meanwhile, Chevron's average production was 3.099 million barrels of oil...

One of the first major IPOs in Europe this year was derailed by market volatility. Dutch file-sharing service WeTransfer announced it had cancelled its listing the day before the start of trading. File-sharing service WeTransfer has cancelled its IPO on the eve of its listing on the Euronext stock exchange in Amsterdam. This is according to the company's website.  WeTransfer attributed the...

Deutsche Bank, Germany's largest bank, posted a net profit of €2.51 billion last year, a fourfold year-on-year increase and the highest since 2011, according to the credit institution's accounts. Net profit attributable to shareholders rose to €2.365 billion, up 4.8 times from a year earlier. Diluted earnings per share amounted to €0.96 after €0.07 a year earlier. Revenue rose 6 percent to €25.41...

Toyota, one of Japan's largest carmakers, has once again announced the suspension of production at 19 lines in 11 plants inside the country due to the coronavirus, as well as a partial shortage of components. According to the company’s press release, operations will be halted on 25 and 26 January. "We are notifying you of an additional suspension of production lines at the plants in January due...

US oilfield services company Halliburton Inc. posted a net profit of $1.469 billion last year, following a loss of $2.942 billion a year earlier, the company said. Net income attributable to the parent company was $1.457 billion, compared with a loss of $2.945 billion a year ago. Net income per common share for the period was $1.63 after a loss of $3.34 a year earlier. The company posted revenues...

According to CNBC, Peloton will halt production of exercise bikes and treadmills for two months in February and March, as evidenced from internal documents of the company. Peloton cited poor demand and fierce competition as reasons for its decision. Until June, the company has halted production of an enhanced version of its Bike+ fitness equipment. Peloton will also stop producing the Tread+...