[ad_1] Jan. 16, 2024 10:24 am ET Diageo said it has reached an agreement with Sean “Diddy” Combs, after the rapper accused the group of racial discrimination and alleged it…
Tag: industrial news
Uber Is Closing a Business It Bought for Over $1 Billion Three Years Ago
[ad_1] Jan. 16, 2024 11:01 am ET Uber said it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Drizly said Monday that it would accept…
Closing of Kroger, Albertsons, C&S Deal Postponed
[ad_1] The proposed merger of U.S. grocery giants Kroger and Albertsons, and sale of assets to C&S Wholesale Grocers, will be later than previously anticipated as the companies continues discussion…
Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements
[ad_1] Updated Jan. 16, 2024 7:28 am ET Elon Musk said he feels uncomfortable making Tesla a leader in artificial intelligence and robotics without having about 25% voting control of…
Goldman Sachs Reports Sharply Higher Earnings, Helped by Asset and Wealth Management
[ad_1] Goldman Sachs reported sharply higher profit for the fourth quarter, bolstered by a strong performance in its asset and wealth management business. The bank on Tuesday said quarterly profit…
Synopsys to Acquire Ansys in $35 Billion Deal
[ad_1] Synopsys will acquire Ansys in a cash-and-stock deal giving the design-software company an enterprise value of about $35 billion. [ad_2] Source link
WSJ News Exclusive | Global Battery Race Heats Up With Billions for Europe’s Northvolt
[ad_1] Jan. 16, 2024 12:01 am ET One of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks…
Profits Comeback Paired With Rate Cuts Make a Powerful Mix
[ad_1] Profits are growing again, and the Federal Reserve looks as if it will start cutting rates sometime this year. It is an unusual combination and, for the stock market,…
Shell to Sell Nigeria Onshore Oil Business for Up to $2.4 Billion
[ad_1] Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit…