Business - Page 4

The latest updates and key developments from the business world.

February 17, 2026

WBD Reopens Talks With Paramount

Seven-Day Window Granted by Netflix Warner Bros. Discovery said Tuesday it will reopen negotiations with Paramount Skydance under a limited seven-day waiver approved by Netflix. The temporary window allows discussions aimed at

February 17, 2026

Bayer Proposes $7.25B Roundup Settlement

Nationwide Deal Targets Thousands of Claims Bayer and attorneys representing cancer patients unveiled a proposed $7.25 billion settlement aimed at resolving thousands of U.S. lawsuits alleging the company failed to warn consumers

February 10, 2026

Alphabet Expands Bond Sale Past $30 Billion

Strong investor demand supports larger issuance Alphabet is set to finalize a global bond issuance exceeding $30 billion, according to people familiar with the matter, marking a significant increase from the $20

Amazon Cuts Jobs as It Expands AI Investment Plans

by Jamie Spencer

Job cuts come despite strong profits and rising AI investment Amazon is laying off tens of thousands of employees even as it posts strong financial results and ramps up artificial intelligence investments.

October 28, 2025

Citigroup Names Jane Fraser Board Chair and CEO

by Jamie Spencer

Fraser Consolidates Power with $25M Stock Bonus Citigroup’s board has appointed CEO Jane Fraser as chair, awarding her a restricted stock bonus valued at $25 million alongside additional stock options. The decision

October 23, 2025

HSBC invests £10bn to take Hang Seng private

by Jamie Spencer

Strategic move to deepen ties with Asia HSBC will spend £10 billion to buy out the remaining 36.5% of shares in its Hong Kong subsidiary, Hang Seng Bank, effectively taking the bank

October 10, 2025

GM cancels EV tax credit plan after policy pressure

by Jamie Spencer

Program aimed to extend $7,500 lease credit post-deadline General Motors has scrapped a plan that would have allowed its dealers to continue offering the $7,500 federal tax credit on electric vehicle (EV)

October 8, 2025

OpenAI Closes $6.6B Stock Sale at $500B Valuation

by Jamie Spencer

Employees cash out as OpenAI becomes most valuable private firm OpenAI has completed a $6.6 billion secondary share sale, allowing eligible current and former employees to sell equity at a record-setting $500

October 2, 2025

CoreWeave Surges on $14.2B AI Cloud Deal with Meta

by Jamie Spencer

Meta taps CoreWeave for Nvidia-powered AI infrastructure CoreWeave (CRWV) stock jumped nearly 12% after the company revealed a massive $14.2 billion multi-year cloud services agreement with Meta (META). The Nvidia-backed AI data

October 1, 2025

EA to Be Taken Private in Record $55B Buyout Deal

by Jamie Spencer

EA agrees to historic leveraged buyout Electronic Arts, the gaming giant behind franchises like “Battlefield” and “Madden NFL,” is set to go private in a massive $55 billion deal — the largest

September 29, 2025

Citi Sells 25% of Banamex to Mexican Tycoon

by Jamie Spencer

Strategic move ahead of Banamex IPO plans Citigroup has reached an agreement to sell a 25% stake in Grupo Financiero Banamex to a firm owned by Mexican billionaire Fernando Chico Pardo and

September 24, 2025

Pfizer to Buy Metsera in $7.3B Obesity Drug Push

by Jamie Spencer

Deal signals major move into booming weight loss market Pfizer announced Monday that it will acquire obesity drugmaker Metsera in a deal worth up to $7.3 billion, marking a significant move to

September 22, 2025

NBH to Acquire Vista Bank in $369M Deal

by Jamie Spencer

Acquisition expands NBH’s Texas presence and assets National Bank Holdings (NBH), based in Denver, announced it will acquire Dallas-based Vista Bancshares in a stock-and-cash transaction valued at $369.1 million. The deal includes

September 16, 2025

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