UPDATE: Boeing Locks Out Firefighters Amid Labor Dispute, Negotiation with Machinists
Boeing locked out 125 unionized firefighters and emergency responders in Washington state this weekend in a dispute over a new four-year contract.
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
Paramount Reportedly Greenlights Buyout Discussions with Sony, Apollo As Skydance Deal Fades
Paramount's board committee on Saturday met and approved talks with Sony and Apollo, who submitted a nonbinding letter of interest.
Paramount-Skydance Merger Might Not Happen as Shari Redstone-Controlled Entertainment Firm Allegedly Backs Away
Paramount reportedly pulling out from the proposed merger with Skydance. Now, other entertainment companies are expected to take advantage if it doesn't push through.
Comcast Blacks Out Bally Sports Regional Networks After Disagreement in New Contract With Distributor
Bally Sports channels were discontinued by Comcast as a result of failed talks for a new, long-term agreement.
Apple Surprises Market with Record $110 Billion Buyback Amid Higher-Than-Expected Q2 Results
Apple Inc. unveiled an unprecedented $110 billion buyback initiative, marking its largest buyback program to date.
Sony, Apollo Bid $26 Billion in Cash for Paramount Global Amid Company's Potential Skydance Merger
Sony and Apollo bid $26B in cash for Paramount Global amid potential Skydance merger. Competing with Skydance, the deal may reshape the entertainment industry landscape.
FTC Set to Approve Major Exxon Mobil Deal With Pioneer But With Board Twist
Three sources say Exxon Mobil will ban an oil executive involved in a price-fixing case from joining its board after buying Pioneer Resources.
South Korea-AUKUS Defense Tech Collaboration Could Happen; Seoul's Defense Officials Now Discussing Plan
The South Korea-AUKUS defense tech collaboration could soon happen. Here's what this means.
Microsoft's Investment in OpenAI Was Sparked by Fears of Google's AI Dominance: Report
Microsoft's decision to invest in OpenAI stemmed from concerns about lagging behind Google in AI capabilities
IBM's Acquisition of HashiCorp for $6.4 Billion Confirmed, Aimed at Strengthening Cloud Capabilities
This acquisition is intended to enhance IBM's expertise in cloud-based solutions, especially as the demand for AI-driven technologies continues to grow rapidly.
