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HSBC to split U.K. and Hong Kong banking arms into two separate units

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HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said

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This AI stock just got downgraded after a 130% rally for the year

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Coherent’s transceivers have proved useful for data-center connectivity, but a Rosenblatt analyst sees several factors that could stall the stock’s run.

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CEO of Europe defense company says region faces ‘wake-up call’ to boost spending

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Countries have to start building capabilities and replenish stockpiles, said CEO of Swedish defense contractor Saab.

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Kimberly-Clark’s stock falls after sales fall short, with declines in tissues and personal care

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Shares of Kimberly-Clark Corp. fell 3.1% in premarket trading Tuesday, after the parent of consumer brands including Huggies diapers, Kleenex tissues and Scott toilet paper reported third-quarter profit that beat expectations, amid volume and price increases, but sales that fell a bit shy.

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