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Dynamic quotes 
OFFON

GLOBAL MARKETS LIVE: 3M, Amazon, Merck…

12/03/2020 | 10:12am EST

3M is cutting close to 3000 jobs and Amazon is considering a new acquisition. The large tax refund Orange received enabled the operator to buy out the minority shareholders of its Belgian subsidiary and to launch several projects.

  • 3M announced today that it is cutting 2,900 jobs worldwide and reducing investment in lower-growth markets as part of a restructuring that is expected to result in savings of up to $350 million.
  • Several U.S. states are considering taking legal action against Facebook next week on charges of anti-competitive practices, Reuters reports.
  • Orange will buy back the remaining share capital of Orange Belgium at EUR 22 per share.
  • Nestlé strengthens its ecological transition plan by unveiling its detailed objectives.
  • Amazon.com is considering the purchase of the Wondery podcast platform, according to the Wall Street Journal.
  • Two federal agencies are putting pressure on Google to monitor some of its employee activists.
  • The Boeing Company's B737MAX makes its first flight on an American Airlines aircraft with press and industry employees on board.
  • TUI AG signs a third rescue plan worth €1.8 billion, with the support of private investors, banks and the German government.
  • Gategroup finalizes the acquisition of Deutsche Lufthansa's European catering business.
  • Merck sold its shares in Moderna.
  • Leonardo Del Vecchio increases his stake in Mediobanca to approximately 11%.
  • Macquarie Group to acquire Waddell & Reed for $1.7 billion.
  • LafargeHolcim invests CHF 100 million in India in waste heat recovery.
  • XPO Logistics will split into two companies.
  • Pershing Square will replace Homeserve in the FTSE 100.

© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
3M COMPANY -0.52% 165.55 Delayed Quote.-5.29%
AMAZON.COM, INC. -0.74% 3104.25 Delayed Quote.-4.69%
DEUTSCHE LUFTHANSA AG 0.05% 10.52 Delayed Quote.-2.73%
FACEBOOK INC 2.33% 251.36 Delayed Quote.-7.98%
LAFARGEHOLCIM LTD -1.16% 51.26 Delayed Quote.5.43%
MACQUARIE GROUP LIMITED -0.70% 137.33 End-of-day quote.-0.83%
MEDIOBANCA S.P.A. -0.40% 7.47 Delayed Quote.-0.93%
MERCK & CO., INC. 1.47% 83.38 Delayed Quote.1.93%
MODERNA, INC. -0.05% 129.65 Delayed Quote.24.10%
NESTLÉ S.A. 0.44% 100.88 Delayed Quote.-3.24%
ORANGE -2.07% 9.75 Real-time Quote.0.16%
PERSHING SQUARE HOLDINGS, LTD. -0.95% 36.5 Real-time Quote.4.29%
THE BOEING COMPANY -2.66% 204.32 Delayed Quote.-1.94%
TUI AG 3.87% 4.48 Delayed Quote.-13.61%
XPO LOGISTICS 0.00% 280 Real-time Quote.0.00%