Japan's Renesas Electronics To Buy Altium For $5.9 Billion

Renesas said it plans to fund the transaction with bank loans and cash on hand. 


 
BHP Expects $5.7 Billion in Charges Against Nickel, Samarco Assets

BHP Group will write down the value of its Australian nickel operations amid a market downturn, and increase a provision for the Samarco dam failure to cover estimated costs related to the 2015 fatal disaster. 


 
Cisco Stock Slides On a Weak Outlook. Layoffs Are Coming.

The company is still dealing with a pileup of customer inventory, leading to slower shipments of networking equipment. 


 
Morgan Stanley Is Laying Off Several Hundred in Wealth-Management Division

The Wall Street firm's plans to rein in costs under new Chief Executive Ted Pick will focus on a critical area. 


 
Warren Buffett's Berkshire Hathaway Trims Its Massive Stake in Apple

The investment had grown to an outsize share of the stock portfolio, prompting questions about how big Berkshire would let it grow. 


 
Wesfarmers's First-Half Profit Boosted by Retail

Australian industrial-retail conglomerate Wesfarmers said its half-year profit rose by 3%, reflecting a strong performance in retail but a drag from lower commodity prices. 


 
Activist investor Trian assails Disney moves as 'spaghetti-against-the-wall plan'

Nelson Peltz's Trian Fund Management, which is headed for a showdown with Walt Disney Co. at the company's annual shareholders meeting on April 3, upped the ante on Wednesday in a stinging letter that dismissed Disney's latest moves as a "spaghetti-against-the-wall plan." 


 
Nvidia becomes third-largest U.S. company as it passes Google parent Alphabet

A day after closing with market cap above Amazon's, Nvidia edged out Alphabet as well. 


 
Treasury Wine Half-Year Profit Falls As China Reviews Tariffs

Australian vintner Treasury Wine Estates' half-year net profit fell 11%, a result it said reflected the planned weighting of some wine shipments to the fiscal second half as China reviews tariffs on Australian wine. 


 
Uber Put a Lot More Gas in its Tank

The company announced new financial targets that point toward better-than-expected growth.


(END) Dow Jones Newswires

02-14-24 1915ET