Shell (SHEL) says it will stop buying Russian crude and apologized for purchasing a cargo last week amid the ongoing Russian invasion of Ukraine. “We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel – despite being made with security of supplies at the forefront of our thinking – was not the right one and we are sorry,” Shell Chief Executive Officer, Ben van Beurden said in a company statement. The… Source link

COPENHAGEN (Reuters) – A senior member of Russia’s ruling party has proposed nationalising foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in Ukraine. Several foreign companies including Toyota, Nike and home furnishings retailer IKEA have announced temporary shutdowns of stores and factories in Russia in order to put pressure on the Kremlin to stop its invasion of neighbouring Ukraine. In a statement published on Monday… Source link

Activist investor Jonathan Duskin at Macellum Capital Management fought a failed management team at Bed Bath & Beyond and won big in 2019. Duskin — whose successful campaign led to a board overhaul and ultimately the addition of current Bed Bath & Beyond CEO Mark Tritton — tells Yahoo Finance Live what GameStop Chairman Ryan Cohen is doing with the home goods retailer makes sense. “Ryan has a great following and is very well respected,” Duskin says. “I think we’ve articulated there is a… Source link

Google agreed to buy cybersecurity company Mandiant. Photo: Jeff Chiu/Associated Press … Source link

Acquisition to bring Google speed and scale to Mandiant’s unparalleled intelligence and expertise – at a time when security has never been more important RESTON, Va., March 8, 2022 – Mandiant, Inc. (NASDAQ: MNDT) today announced that it has entered into a definitive agreement to be acquired by Google LLC for $23.00 per share in an all-cash transaction valued at approximately $5.4 billion, inclusive of Mandiant’s net cash. The offer price represents a 57% premium to the… Source link

MOUNTAIN VIEW, Calif. (March 8, 2022)—Google LLC today announced that it has signed a definitive agreement to acquire Mandiant, Inc., a leader in dynamic cyber defense and response, for $23.00 per share, in an all-cash transaction valued at approximately $5.4 billion, inclusive of Mandiant’s net cash. Upon the close of the acquisition, Mandiant will join Google Cloud. Today, organizations are facing cybersecurity challenges that have accelerated in frequency, severity and diversity,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 8, 2022 When an oil crunch turns foes into frenemies Since Vladimir Putin attacked Ukraine for the sin of refusing to exist as a Russian satrapy, fiery crude prices are stoking fears of a 1970’s style oil shock, and sending a chill down the market’s spine. The U.S. government is weighing slapping embargoes on Russia’s crude —… Source link

Google’s Jigsaw unit is releasing the code for an open source anti-harassment tool called Harassment Manager. The tool, intended for journalists and other public figures, employs Jigsaw’s Perspective API to let users sort through potentially abusive comments on social media platforms starting with Twitter. It’s debuting as source code for developers to build on, then being launched as a functional application for Thomson Reuters Foundation journalists in June. Harassment Manager can… Source link

In April 2019, yoga instructor Naama Issachar was arrested as she tried to board a connecting flight in Moscow on her way home to Israel. Russian authorities said they searched Issachar’s luggage and found about 10 grams of marijuana. What elsewhere in the world might have drawn a slap on the wrist in Russia resulted in drug-trafficking charges and a seven-and-a-half-year prison sentence. Russia then reportedly dangled Issachar as a bargaining chip, offering to make a prisoner swap or to… Source link

First published on Simply Wall St News Amazon.com, Inc. (NASDAQ:AMZN) is getting stress tested as the stock erases the gains it made in the last 12 months and is currently some 3% in the red. Given that there is a lot of volatility in markets at the moment, we will step back and re-evaluate the fundamentals. For investors, it is important to have a clear picture of the performance of a company, especially during uncertain times. That way, we can be more confident that a stock can regain… Source link