After a nearly 6-month search, Stellantis names former Jeep boss as its new CEO
, the fourth-largest global automaker, announced a fresh CEO on Wednesday: company insider Antonio Filosa. Shares were mostly flat on the news. The move comes nearly six months after the Stellantis bo...
Salesforce agrees to buy Informatica for $8 billion in its biggest acquisition since Slack
The company behind most of the things you have to log in to at work every morning is getting bigger. Slack owner on Tuesday announced that it’s agreed to buy cloud data management company for $8 bil...
What we know about the device from OpenAI and former Apple design lead Jony Ive
Yesterday, OpenAI announced it was buying former design lead Jony Ive’s AI device startup for $6.5 billion. Ive’s startup, io, would provide OpenAI with a dedicated unit for developing AI-powered dev...
OpenAI buying Apple former design lead Jony Ive’s startup for $6.5 billion
Jony Ive, former design lead of 27 years, is heading to OpenAI. Ive was responsible for some of Apple’s most iconic product designs, including the iPod, iMac, and the iPhone, and had a close relation...
Victoria’s Secret rises after it adds a poison pill to fend off activist investor
Victoria’s Secret shares jumped as much as 3.5% after the lingerie giant adopted a shareholder rights plan, or “ poison pill .” The move was aimed at stopping Australian billionaire Brett Blundy from ...
What Regeneron’s purchase of 23andMe means for the millions of people’s DNA it now owns
A pharmaceutical company that specializes in making DNA-based research agreed to buy out of bankruptcy, averting a worst-case scenario as the genetic data of millions of consumers was auctioned off. ...
23andMe sells DNA database for $256 million to biotech giant Regeneron
23andMe is selling its prized DNA testing data bank to drugmaker for $256 million as part of its bankruptcy asset sale. The trove includes genetic data from more than 15 million customer DNA samples....
UnitedHealth’s comeback CEO is getting $1 million a year and $60 million in stock options
is giving new CEO Stephen Hemsley more than $60 million to step back into the top job, eight years after he left the position in 2017. According to an SEC filing from the company on Wednesday , the 72...
Spectrum’s territory grows ever larger as Charter and Cox agree to $34.5 billion merger
If customers keep cutting the cord, just make the cord bigger. That seems to be the prevailing wisdom behind the massive $34.5 billion deal to acquire and merge with Cox Communications announced Frid...
Starbucks is reportedly weighing selling stakes of its China business to a private equity firm
is reportedly considering all options for its struggling China business, with one being a potential stake sale to a private equity firm or other potential investor. According to reporting by Bloomberg...
Foot Locker soars after massive $2.4 billion takeover bid from Dick’s Sporting Goods
shares sprinted over 80% in early trading after announced a massive $2.4 billion takeover offer . Dick’s said it would pay $24 per share in cash for the sneaker retailer (nearly a 90% premium to rece...
New Strategy competitors American Bitcoin and Nakamoto Holdings each announce mergers
The field to become the next is starting to get crowded. Eric Trump-backed American Bitcoin (a subsidiary of ) has announced it’s merging with Gryphon Digital Mining and will trade under the ticker “...
Report: OpenAI seeks to revise Microsoft deal to clear the way for IPO
After ditching its plan to demote its controlling nonprofit arm last week, OpenAI is busy haggling with partner to make changes to its agreements as it looks toward a future IPO, according to reporti...
Nestle is trying to spin off its bottled water business
Nestle, the world’s largest food and beverage company, likes big markets with lots of potential customers. And yet, the company wants to get out of the water business. After announcing plans to spin o...
Coinbase earnings miss the mark, sending shares lower despite mammoth $2.9 billion deal
, the largest crypto exchange in the US, reported first-quarter earnings today and missed both revenue and earnings-per-share estimates, sending shares lower in the aftermarket. The company reported Q...
Warner Bros. Discovery pops after reports of a possible company split
shares jumped over 4% Wednesday after a report from CNBC said the company may split its traditional cable business from its popular streaming platforms. The report landed shortly after the company dro...
Coinbase surges on $2.9 billion deal for biggest bitcoin options platform
Just a few hours away from releasing its earnings report, , the largest crypto exchange in the US, announced it’s acquiring crypto options platform Deribit. “This is a major step in our global expansi...
OpenAI reportedly seeks big cuts to Microsoft revenue share
OpenAI is making some big changes. On Monday, the company announced it was abandoning its plan to restructure itself, and is now moving forward with a more modest changes to clear the way for future m...
Skechers soars after the sneaker giant inks a $9.4 billion deal to go private
stock jumped as much as 25% on Monday after the ’90s sneaker staple announced a $9.4 billion go-private deal with private equity firm 3G Capital. The brand has seen a revival in recent years, boosted ...
Musk’s xAI paid Musk’s Tesla nearly $200 million last year
Tesla’s transactions with Elon Musk’s other companies are getting bigger. Last week while Amazon and Apple were reporting tech earnings, quietly amended its annual filing to say that the company would...