Blackstone Real Estate to take Retail Opportunity private in $4 billion deal
(Reuters) – Blackstone Real Estate on Wednesday entered into an agreement to take Retail Opportunity Investments Corp private in an…
Business
Tesla investors lose bid for new US trial over Musk’s 2018 tweets
By Nate Raymond (Reuters) – A U.S. appeals court on Wednesday upheld a jury’s verdict clearing Tesla CEO Elon Musk…
Shein, Temu gear up for 2026 UK trial over copyright and competition claims
LONDON (Reuters) – Online fast-fashion platforms Shein and Temu are gearing up for a 2026 trial at London’s High Court,…
GlobalFoundries forecasts upbeat Q4 results on strong demand from smartphone makers
(Reuters) – World’s third-largest contract chipmaker, GlobalFoundries , forecast fourth-quarter revenue above Wall Street estimates on Tuesday, driven by recovering…
Fox Corp beats revenue estimates on robust political advertising
(Reuters) -Fox Corp beat Wall Street expectations for first-quarter revenue on Monday, as the media company benefited from higher political…
Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further slashing…
Big Tech’s AI splurge worries investors about returns
By Anna Tong, Aditya Soni and Deborah Mary Sophia (Reuters) -Big technology companies including Microsoft, Meta and Amazon are stepping…
Amazon’s plan to tackle Temu, Shein? Sell more toothpaste
By Arriana McLymore and Ananya Mariam Rajesh (Reuters) – Amazon’s push to offer more everyday essentials like toothpaste is hurting…
Amazon workers ‘appalled’ by AWS CEO’s return to office remarks, urge policy reversal
By Greg Bensinger (Reuters) -More than 500 Amazon.com employees sent a letter on Wednesday to the CEO of its AWS…
Pfizer raises profit forecast after beating third-quarter estimates
(Reuters) -Pfizer raised its full-year profit forecast after better-than-expected sales of its COVID-19 treatment helped it beat Wall Street estimates…