Rite Aid is closing more than 20 US stores, according to court documents filed this week in its federal bankruptcy case.
Deals
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. A United Parcel Service (UPS) driver leaves with his truck from a UPS facility that is delivering vaccines to Washington, DC, and Maryland areas March 15, 2021 in Landover, Maryland.
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 and membership.
Latest News
Fisker filed for bankruptcy after purchase talks with a multinational automaker failed. A logo sits illuminated outside the Fisker booth at the SK telecom booth on day 1 of the GSMA Mobile World Congress on February 28, 2022 in Barcelona, Spain.
Hyundai intends to sell 142.2 million shares in an IPO for its Indian subsidiary. The Hyundai logo is displayed at the New York International Auto Show, March 28, 2018 at the Jacob K.
Chinese Premier Li Qiang is in New Zealand for a three-day trip aimed at strengthening business and trade ties between the two countries.
Amazon and Vrio plan to deploy 3,236 low Earth orbit satellites to provide broadband internet to South American countries, directly competing with Elon Musk's Starlink.
Oracle is helping OpenAI and Microsoft to boost ChatGPT's processing capability. This photograph taken in Mulhouse, eastern France on October 19, 2023, shows the ChatGPT logo reflected in mirrors.
The TikTok Shop-Tokopedia merger in Indonesia could leave thousands of employees jobless. ByteDance has already begun terminating hundreds of staff.
A Philippine telco giant is planning to sell almost 50% of its business. It's now finalizing a $1 billion deal with a foreign entity.
Cognizant has announced the acquisition of digital engineering firm Belcan for nearly $1.3 billion. Cognizant, an information technology services and consulting company, announced on Monday, June 10, an agreement to purchase digital engineering firm Belcan for almost $1.
It is understood that Robinhood is planning to acquire London-based cryptocurrency exchange Bitstamp with a value of $200 million in cash in a move to expedite its global cryptocurrency expansion.
