For years, Facebook and other large technology companies grew into vast digital conglomerates by making so-called killer acquisitions, small deals for companies that could one day pose a competitive threat. Internal emails between executives at Facebook show CEO  Mark Zuckerberg and his executive team were quaking at their keyboards in 2012 as they watched WhatsApp grow to dominate the market ...

A prominent hedge fund manager has a provocative idea to fix the UK stock market’s addiction to dividends — abolish income funds. Paul Marshall, co-founder of Marshall Wace, blames them for starving the biggest London-listed companies of the investment needed to fuel growth. It’s a novel solution to a longstanding problem. Shares in the FTSE 250 index of mid-sized companies ...

Faced with higher-than-expected inflation, Federal Reserve officials have spent the past couple of weeks outlining their plans to do something about it. That may not sound like much, but it’s already working: As it turns out, simply talking about reducing inflation can itself reduce inflation. Specifically, Fed officials have indicated that they are likely to accelerate the winding down of ...

Bloomberg Even by the volatile standards of Chinese stocks, the swings in Didi Global were extraordinary. In the span of just a few hours, shares of the ride-hailing giant flipped from a 16% gain to a 12% loss, bounced back into positive territory, then turned lower yet again. And that was all before the opening bell in New York. By ...

Bloomberg Bain Capital and Baring Private Equity Asia are among firms considering bids to acquire an outsourcing business from their private equity rival Carlyle Group Inc, according to people familiar with the matter. A sale of VXI Global Solutions is entering the final stages and a buyer could emerge as early as in the coming weeks, the people said, asking ...

Bloomberg Ningbo Tuopu Group Co said it was the supplier of parts that prompted recent recalls of Tesla Inc Model Y cars in China and the US. Some front- and rear-suspension knuckles weren’t completely immersed in a liquid during the heating process, the Chinese auto-parts maker said in an exchange filing . The potential of any knuckle being defective might ...

Bloomberg SoftBank Group Corp extended a six-day slump with another drop of as much as 9% in Tokyo as key companies in its portfolio delivered further bad news. Chinese ride-hailing giant Didi Global Inc began preparations to withdraw from US stock exchanges, shortly after the US Federal Trade Commission sued to block SoftBank’s sale of Arm Ltd to Nvidia Corp ...

Bloomberg China is starting the second round of projects in its massive desert renewable build-out just months after President Xi Jinping unveiled the scheme. The National Energy Administration (NEA) has asked provinces to submit a list of the second batch of projects by December 15, according to a report from China Wind Power News, citing an NEA notice. Each individual ...

Bloomberg Trust firms that have issued at least $5 billion in high-yield products linked to China Evergrande Group are bracing for a cascade of losses after the cash-strapped developer said it may no longer be able to meet its financial obligations. At least three firms, including Citic Trust Co, China Foreign Economy and Trade Trust Co and National Trust, notified ...

Bloomberg Myanmar’s military regime reduced Aung San Suu Kyi’s jail term to two years after a special court found her guilty in her first trial since her ouster in a February coup and sentenced her to four years in prison, according to a statement on the state broadcaster MRTV. Suu Kyi will serve her sentence at her current location thus ...