Business
Washington Post begins layoff, gutting sports and foreign coverage: source
The layoff comes days after the newspaper scaled back its coverage of the 2026 Winter Olympics The Washington Post informed its staff on…
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Business
CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source
The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in October Private equity firm CVC…
Business
Temasek, LIC plan share sales in NSE’s India IPO: source
All shareholders of NSE will be given the option to participate in the secondary sale as part of the IPO Temasek Holdings and Life…
Business
SoftBank in talks to invest up to US$30 billion more in OpenAI, source says
BANK is in discussions to invest up to an additional US$30 billion in OpenAI, a person familiar with the matter told Reuters on Tuesday.…
Business
KKR sells Goodpack back to founding Lam family: source
Reusable bulk container provider Goodpack has switched hands once again, with KKR selling its stake back to the founding Lam family in a…
Business
Samsung to start production of HBM4 chips next month for Nvidia supply: source
Both Samsung and SK Hynix will announce their fourth-quarter earnings on Thursday Samsung Electronics plans to start production of its…
Culture
Netflix prepares all-cash offer for Warner Bros: source
Netflix is preparing to make an all-cash offer for Warner Bros Discovery’s studios and streaming businesses, a source familiar with the…
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Warner Bros likely to reject Paramount’s latest hostile bid, source says
WARNER Bros Discovery will likely reject Paramount Skydance’s amended US$108.4 billion hostile bid for the storied Hollywood studio…
Business
Hyundai not in a position to buy back Russian auto factory: source
The market is now dominated by Chinese firms, which sold nearly one million cars in Russia in 2024 out of total sales of 1.6 million units…
Business
Elliott takes over US$1 billion stake in Lululemon: source
Activist investor Elliott Management has amassed a stake of more than US$1 billion in Lululemon Athletica and is lining up a potential CEO…
Business
US FTC probes Instacart’s AI pricing tool, source says; shares drop
Shoppers viewing Instacart prices saw wildly different prices for the same items sourced at the same stores THE US Federal Trade…
Business
Oracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations Oracle’s largest…
Business
Amazon in talks to invest in OpenAI, source says
AMAZON is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence…
Business
Temasek-backed Fullerton pares China hedge fund operations, workforce: source
Fullerton Fund Management, backed by Temasek Holdings, has sharply scaled back its China private fund operations after years of struggling…
Culture
Netflix in exclusive talks to buy Warner Bros Discovery assets: source
Netflix is in exclusive talks to buy Warner Bros Discovery’s film and television studios along with its streaming assets after offering…
Culture
Paramount, Comcast and Netflix submit bids for Warner Bros Discovery: source
The bids represent the first step in the possible sale of all or part of the century-old Hollywood studio Warner Bros Discovery has…
Business
Nissan to cut Rogue production in Japan over Nexperia fallout: source
The automaker plans to cut output of the Rogue sport-utility vehicle by about 900 vehicles in the week starting Nov 10 Nissan Motor will…
Business
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the…
Business
AI not a reliable source of news, EU media study says
ARTIFICIAL intelligence assistants such as ChatGPT made errors about half the time when asked about news events, according to a vast study…
Business
Morgan Stanley seeks to redeem cash from Jefferies’ Point Bonita fund, source says
Morgan Stanley’s asset management unit asked investment bank Jefferies to return some money it invested in the latter bank’s Point Bonita…
Business
SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say
The cuts mark the third round of layoffs at the Japanese investment conglomerate’s flagship fund since 2022 SoftBank Group will lay off…
Business
Ticket reseller StubHub's IPO 20 times oversubscribed, source says
Ticket reseller StubHub, which delayed its US listing in April amid market volatility, has drawn over 20 times as many orders for its…
Business
Paramount Skydance prepares bid for Warner Bros Discovery, source says
PARAMOUNT Skydance is preparing a bid to buy Warner Bros Discovery, a source familiar with the matter told Reuters on Thursday,…
Business
Visa closes US open-banking unit as data fight heats up: source
Open banking has gained traction in Europe, where regulators required banks to share data with licensed third parties, but the US lacks…