Sachem Head Capital Management LP has amassed a roughly US$1 billion stake in International Flavors & Fragrances Inc (IFF) and nominated four directors to the chemical company's board, people familiar with the matter said on Wednesday.
Indian social-media app Koo is witnessing a surge in popularity, fuelled by politicians and others flocking to it after U.S. rival Twitter Inc refused to follow a government order to block certain content on its platform.
U.S. consumer prices rose moderately in January and underlying inflation remained benign as the pandemic continues to be a drag on the labor market and services industry.
Facebook Inc said on Wednesday it would temporarily reduce political content appearing on New Feeds for some users in Canada, Brazil and Indonesia this week and in the United States within the coming weeks.
Electric aircraft startup Archer, which is getting solid backing from United Airlines, will go public through a merger with a blank-check company backed by investment banker Ken Moelis in a deal valued at around US$3.8 billion.
Shares in cannabis companies surged on Wednesday, extending a months-long rally due to bets on decriminalization under the Biden administration, as the Reddit community behind a recent trading frenzy talked up the stocks.
Oracle Corp and Walmart Inc's plan to buy TikTok's U.S. operations has been pushed back indefinitely, as President Joe Biden reviews the previous administration's efforts to address potential security risks posed by Chinese tech companies, the Wall Street Journal reported on Wednesday.
Oracle Corp and Walmart Inc's plan to buy TikTok's U.S. operations has been pushed back indefinitely, as President Joe Biden reviews Donald Trump's efforts to address potential security risks from Chinese tech companies, the Wall Street Journal reported on Wednesday.
Louis Vuitton owner LVMH and music star Rihanna have agreed to close her fashion line Fenty less than two years after its launch, the French luxury goods giant said on Wednesday.
Coca-Cola Co reported a 5per cent fall in quarterly revenue on Wednesday, as fresh pandemic curbs slammed the brakes on the soda maker's biggest sales drivers, such as restaurants, cinemas and sporting events, in many parts of the world.
