Samsung Elec shares priced for $326 million block sale
By Scott Murdoch and Joyce Lee SEOUL (Reuters) - About 5.25 million shares in Samsung Electronics were priced in a block sale worth about 441 billion won ($326 million), according to two sources with knowledge of the matter on Tuesday. The sources
China Evergrande’s EV share sale deal lapses
By Summer Zhen HONG KONG (Reuters) - A share sale plan between China Evergrande New Energy Vehicle Group, the electric vehicle arm of property developer China Evergrande, and U.S.-listed NWTN has lapsed, according to a Hong Kong stock exchange filing on
Tesla deliveries beat estimates as year-end sales push pays off
By Akash Sriram (Reuters) - Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target of 1.8 million vehicles as a year-end sales push paid off. The company increased discounts and offered
Tencent posts strong revenue growth as games sales recover
By Josh Ye HONG KONG (Reuters) - China's Tencent Holdings said third-quarter revenue climbed 10%, as its games business staged a robust recovery from a regulatory crackdown on the country's tech sector. Sales for the world's largest video game company and operator
China’s Singles Day sales festival wraps up with e-commerce giants reporting sales growth
By Casey Hall SHANGHAI (Reuters) - Alibaba Group reported that its Chinese e-commerce platforms Tmall and Taobao recorded "positive" year-on-year growth over this year's Singles Day sales period, which wrapped up at midnight on Saturday. Meanwhile competitor JD.com said its festival
GameStop ousts CEO, elevates Cohen as sales fall again
By Samrhitha A and Svea Herbst-Bayliss (Reuters) - Ryan Cohen, the billionaire investor whose bold bet on GameStop Corp made him a hero to meme stock traders, took over as executive chairman on Wednesday after the video game retailer ousted its
Amazon sees cloud slowdown in April, shares erase gains
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo By Akash Sriram, Jeffrey Dastin and Arriana McLymore (Reuters) - Amazon.com Inc signaled on Thursday its long lofty cloud growth would
Siemens aims to raise software businesses sales share to 20%
Chief Executive Officer (CEO) of German industrial conglomerate Siemens, Roland Busch attends the virtual annual shareholder meeting in Munich, Germany, February 10, 2022. Sven Hoppe/Pool via REUTERS By Riham Alkousaa BERLIN (Reuters) - Germany's engineering firm Siemens wants to raise the share
Cyber Monday set for record sales of $11.2 billion as shoppers wait for discounts
By Uday Sampath Kumar (Reuters) - Spending on Cyber Monday, the biggest U.S. online shopping day, is set to hit a record $11.2 billion, according to a report, as discounts on everything from clothes to TVs drive shoppers to click "add