Australian Government Approves ANZ's Acquisition of Suncorp Bank
The Australian government announced that it has approved the request of ANZ to acquire the banking business of Suncorp for $3.26 billion.
Deals
Israeli Cybersecurity Startup Wiz Rejects Google’s $23 Billion Acquisition: Report
The startup said it will instead focus on reaching $1 billion in revenue before considering publicly selling its shares.
Barbie Creator Mattel's Shares at an Uptick After L Catterton Reveals Buyout Offer
French private equity firm L Catterton reportedly approached toymaker Mattel with an offer to acquire it, according to several sources quoted by Reuters...
Aurea Group Agrees to Acquire The Body Shop Out of Bankruptcy for Undisclosed Amount
The Aurea Group and several investors are expected to acquire The Body Shop after it announced its bankruptcy earlier this year...
US Online Spending Surge to $7.2 Billion, Thanks to Amazon Prime Day Frenzy
The first day of Amazon's Prime Day event in the U.S. saw $7.2 billion in online sales, surpassing expectations and marking an 11.3% increase from the previous year...
Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate
The board of the department store Macy’s unanimously decided to termin...
Chinese Carbon Tech Firm XDS Invests on Mark Cavendish’s Cycling Team Astana Qazaqstan
Chinese carbon bicycle technology manufacturer XDS confirmed Monday (J...
Latest News
Time Magazine Partners with OpenAI, Allowing ChatGPT to Access, Cite Its Content
Time magazine has signed a multi-year content deal with OpenAI, granting ChatGPT access to its news archives, with financial terms undisclosed.
Boeing Makes $35-Per-Share Bid to Acquire Spirit AeroSystems: Report
Boeing is reportedly offering $35 per share to purchase Spirit AeroSystems, funded mostly with stock.
Volkswagen Reveals $5 Billion Investment, Partnership with EV Maker Rivian
German automaker Volkswagen announced that it would invest $5 billion in US-based electric vehicle maker Rivian as part of a joint venture to share EV architecture and software.
OpenAI Buys Rockset, Integrates Team and Tech to Improve Enterprise Data Accessibility
OpenAI is acquiring the enterprise analytics start-up Rockset, integrating its technology and team to enhance data usability and enable developers to build more intelligent applications.
UPS to Sell Coyote Logistics to RXO for Staggering $1 Billion
UPS said that RXO will purchase its Coyote Logistics subsidiary for $1.025 billion.
Alaska Airlines, Flight Attendants Union Achieve 'Record' Tentative Labor Agreement
Alaska Airlines and its flight attendants' union have reached a historic tentative labor agreement, marking the end of a prolonged period without new contracts and pending approval by union leadership
Shares of Australian-Mexican Food Chain Guzman y Gomez Soar North of 30% in Trading Debut
Australian Mexican restaurant chain Guzman y Gomez went public on June 20, 2024 at the Australian Stock Exchange and traded over 30% north of its IPO of A$22 ($14.67) per share.
Rite Aid to Close 27 US Outlets as Drugstore Chain Faces Federal Bankruptcy
Rite Aid is closing more than 20 US stores, according to court documents filed this week in its federal bankruptcy case.
France Leads in Generative AI Funding Race in Europe
France is leading in the generative AI funding race in Europe, according to a new report.
