Schneider Electric Agrees $22.6 Billion Takeover of PTC in Largest Deal in Its History
PARIS — Schneider Electric has agreed to buy the US industrial software company PTC for about $22.6 billion in cash, a deal that ranks as...
Category : Business
Business News
Nvidia-Backed Firmus Prices Australian IPO at A$11 a Share in One of the Country’s Largest Listing
One of Australia’s biggest-ever stock market debuts is taking shape. Data centre operator Firmus has set its price and is pressing ahead with a listing...
Mattel Shares Jump Nearly 19% on Reported Takeover Interest From Authentic Brands
Shares of Mattel, the company behind Barbie and Hot Wheels, jumped almost 19% on Thursday after a report that the licensing group Authentic Brands has...
Nike Forecasts Revenue Decline and Job Cuts as Greater China Sales Slump 22%
Nike reported a first-quarter profit that beat Wall Street’s forecasts on Thursday, but a fall in sales, a steep slump in Greater China and a...
Meta Hires MongoDB Chief to Lead New Enterprise AI Unit, and MongoDB Shares Tumble
Meta Platforms has taken its most direct step yet into the business of selling artificial intelligence to companies, hiring the chief executive of database firm...
Nvidia Adds Record $150 Billion to Share Buyback Programme
Nvidia has handed shareholders a fresh vote of confidence, authorising an additional $150 billion for share repurchases in what the company describes as the largest...
Tata Trusts Propose Merging Two Units Into Tata Sons to Keep Holding Company Unlisted
Tata Trusts, the charitable bodies that control the Tata Group’s holding company, have proposed a restructuring of Tata Sons designed to keep the century-old conglomerate’s...
AMD to Buy Fei-Fei Li’s World Labs in $8.2 Billion All-Stock Deal
Advanced Micro Devices has agreed to buy World Labs, the artificial-intelligence research company founded by Fei-Fei Li, in an all-stock deal valued at about $8.2...
Nvidia Adds $150 Billion to Share Buyback in Largest Increase on Record
Nvidia has delivered one of the boldest signals of corporate confidence the technology industry has produced, announcing on Monday that its board approved a $150...
Brent Crude Tops $107 After Trump Turns Down Iran’s Offer to Reopen Hormuz
LONDON — Oil prices rose sharply on Monday after President Donald Trump rejected Iran’s latest offer to reopen the Strait of Hormuz. The setback threatens...