By Milana Vinn and Mike Spector NEW YORK (Reuters) – Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, in a deal that could value the collaboration-software maker at close to $8 billion, people familiar with the matter said on Monday. The private-equity firms are discussing an offer of around…
(Reuters) – Chipotle moved an automated bowl-and-salad maker and an avocado-processing robot out of its test kitchen and into a couple of locations in California. The chain announced the deployment on Monday and said feedback will determine whether it makes a broader rollout of the technology. Both locations are in California, where all fast food…
(Reuters) – Shares of Apple fell nearly 3% on Monday after several analysts said that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features. Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence. Early…
By Shivansh Tiwary (Reuters) – Boeing could lose over $100 million in daily revenue until it reaches a settlement with its union that represents more than 30,000 workers, analysts said on Monday. The Seattle-area Boeing workers who build the planemaker’s most popular 737 MAX and other jets in factories on the U.S. West Coast went…
By Sinéad Carew and Shashwat Chauhan (Reuters) -Wall Street’s main indexes closed higher on Friday as investors honed in on the chance of a bigger interest rate cut by the Federal Reserve next week, with rate-sensitive small cap stocks outperforming. Bets on the size of the Fed’s cut have been volatile and were roughly even…
By Aditya Kalra NEW DELHI (Reuters) – Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce firms’ Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon…
(Reuters) – Private equity firm Insight Partners is on the brink of closing a new $10 billion-plus fund, roughly half the amount originally targeted, the Financial Times reported on Sunday, citing five people with knowledge of its plans. Insight will not formally close its 13th fund until early next year, the report said, adding that…
SEATTLE (Reuters) – A strike at Boeing “could go on for a while” as workers are confident they can get bigger wage increases and an improved pension, union leader Jon Holden said in an interview with National Public Radio (NPR) on Saturday. More than 30,000 members of the International Association of Machinists and Aerospace Workers…
By Jonathan Stempel (Reuters) – Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it fraudulently billed the U.S. government for prescriptions that were never dispensed, the Department of Justice said on Friday. The Justice Department said Walgreens violated the federal False Claims Act between 2009 and 2020 by submitting payment claims to…
By Andrew Osborn and Mark Trevelyan LONDON (Reuters) – Vladimir Putin’s options to retaliate if the West lets Ukraine use its long-range missiles to strike Russia could include striking British military assets near Russia or, in extremis, conducting a nuclear test to show intent, three analysts said. As East-West tensions over Ukraine enter a new…
