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split – XtremeCuztoms

Category: split

China’s E-Commerce Giant Alibaba to Be Broken Up as Founder Billionaire Jack Ma Returns to China

Chinese e-commerce giant Alibaba announced on March 28 that it will split into six units, as news emerged that its co-founder Chinese billionaire Jack Ma has returned to China per the communist party’s request, after spending more than a year overseas. China observers believe this shows that Beijing’s policy toward privately-owned large Chinese tech companies…


American Skier Shiffrin Splits With Longtime Coach at Worlds

MERIBEL, France—American skiing standout Mikaeala Shiffrin had an unexpected parting with her longtime coach, Mike Day, during the middle of the world championships after informing him that she planned to take a new direction with her staff at the end of the season. “Mikaela wants to do something different going forward. She wants a new…


GameStop Is Surging Again on First Stock Split in 15 Years

Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years. The Grapevine, Texas, company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million, so it can implement a stock split in…


US Hedge Fund Farallon Calls on Toshiba to Get Two-Thirds of Shareholders to Back Break-Up

TOKYO—Farallon Capital Management on Tuesday urged Toshiba Corp to secure the legally required support of two-thirds of its shareholders before the Japanese industrial conglomerate continues with a controversial plan to split in three. U.S. hedge fund Farallon, Toshiba’s third-largest shareholder with a stake of more than 6 percent, joined the second-largest investor 3D Investment Partners…


Toshiba Plans to Split Into Three After Wave of Scandals

TOKYO—Toshiba Corp outlined plans on Friday to split into three companies in an attempt to appease activist shareholders calling for a radical overhaul of the Japanese conglomerate after years of scandals. A rare move in a country dominated by conglomerates, Toshiba’s breakup comes the same week U.S. industrial powerhouse General Electric called time on its…


Johnson & Johnson to Split Into Two Companies, Shares Rally

Johnson & Johnson has announced plans to split into two companies, spinning off its consumer health division—which sells products like Band-Aids, Baby Powder, and Listerine—into a separate publicly traded company. The consumer health business has been provisionally dubbed the New Consumer Health Company, according to a Nov. 12 statement, while the new Johnson & Johnson…


Teleco Giant Telstra Announces Next Step in Restructuring Plan

Telstra is taking the next steps in its proposed corporate restructure with the telecommunications giant set to split into four branches under the new holding company, Telstra Group. The process is part of Telstra’s T22 strategy—a strategy started in 2018 to simplify operations and reduce costs by 2022. Telstra CEO Andrew Penn said in a market…


Telco Giant Telstra Announces Next Step in Restructuring Plan

Telstra is taking the next steps in its proposed corporate restructure with the telecommunications giant set to split into four branches under the new holding company, Telstra Group. The process is part of Telstra’s T22 strategy—a strategy started in 2018 to simplify operations and reduce costs by 2022. Telstra CEO Andrew Penn said in a market…


Russia Says It’s Ready for Split If EU Imposes New Sanctions

MOSCOW—Russia is prepared for a split with the European Union if the EU imposes new crippling sanctions amid a dispute over the treatment of opposition leader Alexei Navalny, the nation’s top diplomat warned Friday. In response to a question about Moscow’s willingness to rupture links with the EU, Foreign Minister Sergey Lavrov said in televised…