STUTTGART (Reuters) - German sports car maker Porsche on Friday posted a 29% nine-month sales drop in China, joining peers BMW and Mercedes in reporting weaker results in the country. The slump in China, the world's biggest car market, and the ongoing model revamp weighed on the overall result, with global sales falling by 7% to 226,026 units in January-September....

LONDON (Reuters) - The biggest shareholder in Sainsbury's ( JSNSF ), the Qatar Investment Authority (QIA), is selling 306 million pounds ($399 million) worth of shares in the British supermarket group. According to regulatory filings, QIA offered 109.4 million shares at a price of 280 pence, about 5% of its holding. Prior to the offer, QIA had a 14.2% stake...

TOKYO (Reuters) - Nippon Steel said on Friday it will sell its entire 50% stake in the joint venture steel plant in Calvert, Alabama, with ArcelorMittal if the top Japanese steelmaker's buyout bid for United States Steel is successful. Nippon Steel would book consolidated loss of about 230 billion yen ($1.55 billion) upon its sale of the NS Kote holding...

03:11 AM EDT, 10/11/2024 (MT Newswires) -- CeriBell (CBLL) said late Thursday it priced its initial public offering of 10.6 million common shares at $17 per share for expected gross proceeds of $180.3 million. The underwriters have been granted a 30-day option to purchase up to 1.6 million additional shares. The offering is expected to close on Oct. 15, subject...