Business - Page 5

The latest updates and key developments from the business world.

March 6, 2026

Six Flags to sell seven parks to EPR for $331 million

Portfolio reshuffle targets higher-return properties Six Flags Entertainment said Thursday it will sell seven amusement parks in the United States and Canada to real estate owner EPR Properties for about $331 million,

February 26, 2026

Ford Recalls 412,000 Explorer SUVs in U.S.

Rear Suspension Defect Prompts Major Recall Ford Motor Company is recalling 412,774 Explorer SUVs in the United States after identifying a potential fracture in the rear toe link that could result in

February 26, 2026

Stellantis Posts Record Loss Amid EV Reset

Massive Write-Downs Drive Annual Deficit Stellantis reported its first-ever annual net loss on Thursday, posting a deficit of 22.3 billion euros ($26.3 billion) for full-year 2025, compared with a profit of 5.5

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

UBS Considers U.S. Move Amid Swiss Capital Rules

by Jamie Spencer

Stricter regulations push global bank to rethink its base Swiss banking giant UBS is reportedly exploring a potential relocation to the United States in response to proposed regulatory changes from the Swiss

September 15, 2025

SpaceX to Buy EchoStar Spectrum in $17B Starlink Deal

by Jamie Spencer

Massive acquisition to boost satellite 5G network SpaceX announced Monday it will acquire wireless spectrum licenses from EchoStar for approximately $17 billion, marking a critical move to scale its Starlink satellite network

September 8, 2025

BBVA Pushes Ahead With $17.4B Sabadell Takeover

by Jamie Spencer

Regulatory approval clears path for shareholder offer BBVA has received final regulatory clearance for its €17.4 billion bid to acquire Banco de Sabadell, marking the last major step before opening the offer

September 5, 2025

Visa ends U.S. open-banking unit amid rising tensions

by Jamie Spencer

Fintech access to bank data faces mounting challenges Visa has shut down its open-banking operations in the United States, a move signaling the growing divide between traditional banks and fintech firms. The

August 22, 2025

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