Honest Company Raises $412 Million From its IPO

U.S based consumer goods company Honest Company Inc. (HNST) announced having raised $412.8 million from its initial public offering. This was slightly higher that what the company was expecting from the IPO. In the IPO, Honest was selling its shares at $16 apiece floating 25.8 million shares in total. Initially, the company has said that […]

Apollo Eyeing to Buy Verizon’s Media Assets

Global alternative management company Apollo Global Management Inc. (APO) is seeking to buy the media assets of United States based telecommunication company Verizon Communication Inc. (VZ). Sources directly involved in the matter have revealed that the purchase deal could amount to around $5 billion. Bloomberg business was the first to publish the report further adding […]

Britain’s Largest Airport Heathrow Posts $459 Million Q1 Loss

The largest airport in Britain Heathrow has posted a loss of 329 million pounds ($459 million) in the first quarter of the year. The airport says only 1.7 million passengers travelled through the airport between January and March representing a 91% decline the number of passengers who used the airport at similar time in 2019. […]

Netflix CEO Hastings Realized $612 Million in 2020 From Exercising His Stock Options

The Chief Executive Officer of production company and online streaming platform Netflix Inc. (NFLX) Reed Hastings exercised $612 million worth stock options last year. This was a year when the company recorded staggering numbers of new subscribers on its streaming platform due to movement restrictions initiated to curtail movement of the deadly virus. This means […]

Apple to Add Second Ad Slot in App Store Search Page

IPhone manufacturer Apple Inc. (AAPL) is planning to expand its ads business according to a development first reported on Financial Times. The tech giant is planning to expand its ad business by adding a second ad slot in the App Store search page under the suggestion section. This new ad slot is set to be […]

BioNTech Open For Capacity Expansion if Need Be

German based biotechnology company BioNTech SE (BNTX) says it is ready to expand its production capacity in terms of setting up new production facilities if the demand of their COVID-19 vaccine shoots up necessitating for capacity expansion. The company’s chief financial officer Sierk Poetting  said the company is very much willing to construct new production […]

Goldman Sachs Investing $69 Million in UK Based Starling Bank

United States based financial services provider and investment bank Goldman Sachs Group Inc. (GS) is pumping in an investment of $69 million (50 million pounds) into Britain based digital bank Starling bank. Starling made the announcement on April 19 saying the investment had already been completed. According to the bank, the investment will be an […]

U.S Set to Inflict New Sanctions to Russia This Week

Sources in the White house have revealed that the United States will be slapping Russia with additional sanctions before the week is over for alleged election interference and malicious cyber activity aimed at certain high profile people and some institutions. According to the sources, 30 institutions will be blacklisted. In addition 10 Russian government official […]