Tag Archives: split

Johnson & Johnson’s (JNJ) historic move to split the world’s largest pharmaceutical company into two over the next two years will create two new publicly-traded companies. The legacy brand will focus on drugs and medical devices, while the consumer segment will receive new branding, the company said in a statement Friday. The move follows a growing trend in the health care sector to focus on innovative — or more high risk, high reward — segments of business, according to experts. Ashtyn… Source link

Neymar said on Instagram that he “was not given the opportunity to defend himself” against sexual assault allegations from a Nike employee. (John Berry/Getty Images) Paris Saint-Germain star Neymar responded to Nike’s “lies” on Friday after a report claimed the reason he and the company’s split was due to the fact that he declined to cooperate with a sexual assault investigation. Nike and Neymar parted ways in 2020, though no reason was given at the time. On Thursday, The Wall Street… Source link

Microsoft (MSFT) co-founder Bill Gates and his wife, Melinda, will separate after 27 years together, the billionaire announced on Monday, ending a marriage that launched an influential globe-spanning philanthropic and humanitarian empire.  Via Twitter, Gates — one of the world’s wealthiest men — said that he and his wife remain committed to their “mission” as philanthropists, but “we no longer believe we can grow together as a couple in this next phase of our lives.” The philanthropic… Source link

(Bloomberg) — The leaders of the three most popular social media platforms are at odds over the thorniest public policy question they face: who’s responsible for policing the content that appears on their pages. At issue is a decades old law that protects social media companies from liability over content posted by users. The heads of Facebook Inc., Alphabet Inc.’s Google and Twitter Inc. are all slated to appear before a House panel Thursday to testify about the spread of false… Source link

For more business and finance explainers, check out our Yahoo U page. For the fifth time in its history, Apple (AAPL) will split its stock. Alongside its earnings report for the third quarter of 2020, Apple announced plans for a 4 to 1 stock split, effective Aug. 24. Shares of Apple were trading close to $420 as of July 31. Stock splits have little fundamental effect on the company itself, but the financial maneuver allows companies to capitalize off of a rising stock price by increasing… Source link

Under the terms of the deal, Sberbank has bought out a 25%+1 stake in Yandex.Money. Sberbank Rossii PAO (MCX:SBER) today announces the closing of the deal with Yandex for splitting of their assets. Under the terms of the deal, Sberbank has bought out a 25%+1… Source link