RedBird Capital Withdraws £500m Bid for Daily Telegraph After Government Signals Review
U.S. investment group RedBird Capital has abandoned its £500 million bid to acquire the Daily and Sunday Telegraph, ending months of uncertainty surrounding the future ownership of the newspapers. The…
Walmart CEO Doug McMillon to Retire After More Than a Decade, Longtime Deputy John Furner to Take Over
Walmart chief executive Doug McMillon will step down in January, ending more than 10 years leading the world’s largest retailer and handing the role to John Furner, a longtime company…
German Court Orders Google to Pay €572M in Damages for Antitrust Violations in Price Comparison Market
A German court has ruled that Google abused its dominant position in the price comparison sector and must pay €572 million ($665.6 million) in damages to two German price comparison…
D.R. Horton Adopts Prophetic’s AI Zoning Platform to Accelerate Homebuilding Amid National Housing Shortage
D.R. Horton, the largest homebuilder in the United States, is partnering with Portland-based startup Prophetic to speed up land identification and development through an AI-driven zoning analysis tool. The company…
Despite High-Profile Exits, Only 28 Companies Have Left Delaware This Year
The number of companies choosing to leave Delaware remains small, despite public pressure from Elon Musk and recent high-profile departures. Coinbase became the latest to move its state of incorporation,…
Starbucks Faces New Strike as Labor Dispute Over Pay and Staffing Pressures Turnaround Efforts
Starbucks is confronting another strike from unionized baristas at a moment when the company is attempting to revive sales through faster service, store updates, and a renewed emphasis on its…
Skims Reaches $5 Billion Valuation After Raising $225 Million in New Funding
Skims, the shapewear company co-founded by Kim Kardashian, has secured $225 million in new investment, pushing its valuation to $5 billion. The funding round, which includes backing from a Goldman…
Deepwatch Cuts Dozens of Jobs as Company Shifts Resources Toward AI Automation
Cybersecurity company Deepwatch has laid off dozens of employees as part of a restructuring effort tied to expanding its investment in AI and automation. The company, which develops an AI-powered…
Anthropic Commits $50 Billion to U.S. Data Centers in Partnership With Fluidstack
Anthropic has announced a $50 billion data center buildout across the United States through a new partnership with U.K.-based neocloud provider Fluidstack, marking its largest infrastructure investment to date. The…
Foxconn’s Q3 Profit Rises 17% on Surging AI Server Demand, Beating Expectations
Foxconn, the world’s largest contract electronics manufacturer and a major supplier to Nvidia and Apple, reported a 17% year-on-year rise in third-quarter profit, fueled by robust demand for artificial intelligence…
Guinness Maker Diageo Names Former Tesco Chief Sir Dave Lewis as CEO Amid Declining Sales
Drinks conglomerate Diageo, the maker of Guinness, Johnnie Walker, and Smirnoff, has appointed Sir Dave Lewis, the former chief executive of Tesco, to lead the company as it struggles with…
Grab to Invest Up to $410 Million in Remote Driving Startup Vay
Singapore-based technology conglomerate Grab is set to invest as much as $410 million in Vay, a German startup specializing in remote-controlled car rentals. The deal, announced Monday, begins with an…
Shein Gains Momentum Among Young Shoppers as Primark Faces Pressure to Stay Relevant
As online retailers such as Shein and Vinted continue to capture the attention of younger consumers, Primark is seeing signs of strain on the UK high street. The retailer reported…
Meta’s Ad Revenue Under Scrutiny as Report Links Billions to Scam Promotions
Meta is reportedly earning billions of dollars each year from advertisements promoting scams and illegal products across Facebook, Instagram, and WhatsApp, according to a Reuters investigation. Internal company estimates cited…
Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package, Restoring His Path to Greater Control
Tesla shareholders have voted to approve CEO Elon Musk’s compensation package, a deal that could be worth up to $1 trillion in company stock if all performance milestones are met.…
DoorDash Stock Falls 9% After Missing Earnings and Announcing Major Spending Plans
DoorDash shares fell 9% on Thursday after the company reported third-quarter earnings that missed analyst expectations and said it plans to spend “several hundred million dollars” on new projects and…
Microsoft Introduces New Employee Channel to Report Ethical Concerns After Middle East Backlash
Microsoft is giving its more than 200,000 employees a formal way to raise ethical or human rights concerns about how the company’s technology is used, following weeks of internal unrest…
Epic Games CEO Hails Google Antitrust Settlement as Milestone for Android Openness
Epic Games CEO Tim Sweeney praised Google’s proposed settlement in the companies’ ongoing antitrust dispute, calling it a “comprehensive solution” that strengthens Android’s vision as an open platform. The deal,…
Amazon Sends Cease-and-Desist Letter to Perplexity Over AI Shopping Agent
Amazon has issued a legal threat to Perplexity, demanding that the AI search startup remove its agentic browser, Comet, from operating on Amazon’s online store. The dispute centers on Perplexity’s…