Airbnb details Roadmap to lower cloud costs

Airbnb details Roadmap to lower cloud costs

Moving by Airbnb Inc. lowering its cloud storage costs in the run-up to its December 2020 IPO has made it better prepared for the possibility of an economic downturn, the home-sharing company said. Analysts say its efforts offer a template for other companies looking to get a handle on spending as more IT shifts to … Read more

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn has a significant stake in Crown Holdings Inc. CCK -3.19% and believes the beverage can maker should shed non-core units and buy back more stock, according to people familiar with the matter. The billionaire activist investor has a stake of about $700 million, making him the company’s second-largest owner, the people said. Newsletter … Read more

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn owns more than 8% of Beverage-Can Maker Crown Holdings

Carl Icahn has a significant stake in Crown Holdings Inc. CCK -3.19% and believes the beverage can maker should shed non-core units and buy back more stock, according to people familiar with the matter. The billionaire activist investor has a stake of about $700 million, making him the company’s second-largest owner, the people said. Crown … Read more

Instacart gives first company-wide cash bonus after IPO delay

Instacart gives first company-wide cash bonus after IPO delay

Instacart Inc. will pay out its first company-wide cash bonuses starting in December, people familiar with the matter said, as the grocery purveyor aims to motivate staff after delaying its initial public offering. The cash bonus is a shift in the company’s efforts to reward and retain employees. Instacart has historically given out stock rewards … Read more

BP profits boosted by natural gas trade, to buy back more shares

BP profits boosted by natural gas trade, to buy back more shares

LONDON— BP BP -0.24% PLC reported robust natural gas trading profits and said it would buy back another $2.5 billion in shares, the latest highlight of a year that has rained cash on oil giants as consumers and businesses struggle to pay energy bills. The London-based company did not give an exact figure for its … Read more

Porsche’s IPO hasn’t helped Volkswagen much

Porsche’s IPO hasn’t helped Volkswagen much

Volkswagen VOW -1.72% risk learning the wrong lesson by taking Porsche public. In his first quarterly call with investors since taking the top job at VW, Chief Executive Oliver Blume said on Friday that the “huge success” of last month’s initial public offering of Porsche would be a “role model” for all the group’s brands. … Read more

Shell, Awash With Cash, To Increase Dividends, Share Buybacks

Shell, Awash With Cash, To Increase Dividends, Share Buybacks

LONDON— Shell SHEL 0.95% PLC said it plans to increase its dividend and buy back another $4 billion of its shares in coming months as the oil major continued to benefit from strong demand for natural gas in difficult-to-navigate markets. Shell on Thursday reported a higher third-quarter profit compared with the same period a year … Read more

Mobileye Shares Open Higher in Stock-Market Debut

Mobileye Shares Open Higher in Stock-Market Debut

Shares of Mobileye Global Inc. MBLY 31.57% rose 27% out of the gate in their trading debut, in one of the highest-profile and largest initial public offerings of the year. Intel Corp.’s INTC -0.55% automated car-driving unit initially traded at $26.71, above its IPO price of $21 a share. That gives Mobileye MBLY 31.57% a … Read more

Mobileye shares open higher on IPO

Mobileye shares open higher on IPO

By Corrie Driebusch and Tim Higgins 26 October 2022 at 11:55 a.m. ET Shares in Mobileye MBLY 31.43% Global Inc. rose 27% out of the gate in their trading debut, in one of the year’s highest-profile and largest IPOs. Intel Corp.’s INTC 0.27% automated car driving unit initially traded at $26.71, above the IPO of … Read more

Intel rates highly anticipated IPO for self-driving car unit Mobileye

Intel rates highly anticipated IPO for self-driving car unit Mobileye

Intel Corp.’s INTC -1.28% the self-driving car unit Mobileye Global Inc. priced its initial public offering at $21 a share, a dollar above the top of its target, according to people close to the deal. Mobileye raised $861 million by selling 41 million shares, valuing the company at about $17 billion, the people said. That’s … Read more