A US chipmaker has announced plans to build a €3bn factory in west Germany in a move hailed by senior German officials as a sign that Europe can compete against powerful US green subsidies. The factory, on the site of a decommissioned coal plant in the…

Adani Enterprises has called off its $2.4bn equity fundraising in the latest blow to Indian billionaire Gautam Adani, who has seen shares in his industrial empire tumble after a short seller made allegations of fraud and stock manipulation. The decision to pull the share sale…

A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesCheck out the companies making headlines in midday trading Wednesday.Foot Locker — Shares gained 2.6% after Credit Suisse upgraded the stock to outperform from…

Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown in the value of his logistics and energy business empire that started when an American short seller accused the conglomerate of fraud. The share sale —…

Raj Subramaniam, FedEx Corporation, speaks at the U.S. Chamber of Commerce Aviation Summit in Washington, D.C. on March 5, 2020.Kristoffer Tripplaar | Sipa via AP ImagesFedEx is cutting more than 10% of its officers and directors, CEO Raj Subramaniam announced Wednesday, as the company slashes…

Meta shares popped in extended trading on Wednesday after the company reported fourth-quarter revenue that topped estimates and announced a $40 billion stock buyback. Here are the results.Earnings: $1.76 per shareRevenue:  $32.17 billion vs $31.53 billion expected, according to RefinitivThe company also reported restructuring charges for…