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Albertsons Demands Billions From Rival Kroger After Merger Bid Ends
Albertsons and Kroger officially terminated their $25 billion merger plan after courts blocked the deal.

By The Financial District
Dec 16, 20241 min read


Adani Ports Withdraws U.S. Funding Bid For Colombo Port Project
India's Adani Ports and Special Economic Zone Ltd. has announced that it would finance its Colombo port terminal project through internal...

By The Financial District
Dec 16, 20241 min read


OpenAI Whistleblower Found Dead At 26 In San Francisco
Suchir Balaji, a former OpenAI researcher, was found dead in his San Francisco apartment, the San Francisco Office of the Chief Medical...

By The Financial District
Dec 16, 20241 min read


Alexander Brothers, Top Miami Real Estate Brokers, Sued For Rape And Sex Trafficking
Miami luxury real estate agents and brothers Oren and Alon Alexander, along with their older brother Tal Alexander, are facing federal...

By The Financial District
Dec 14, 20241 min read


Supreme Court Dismisses Nvidia's Bid To Avoid Securities Fraud Suit
The US Supreme Court has dismissed an appeal by artificial intelligence chipmaker Nvidia, which sought to avoid a securities fraud lawsuit..

By The Financial District
Dec 14, 20241 min read


Party City Considers Second Bankruptcy, A Year After First
Party City Holdco Inc. is exploring options, including a sale or a potential second bankruptcy filing, just over a year after emerging...

By The Financial District
Dec 14, 20241 min read


U.S. DOJ Examines Foreign Funding Of Patent Lawsuits
The US Department of Justice (DOJ) is investigating whether foreign entities are financing US patent lawsuits to steal trade secrets from...

By The Financial District
Dec 14, 20241 min read


Sycamore Partners In Talks To Buy Walgreens Boots Alliance
Sycamore Partners is reportedly in discussions to acquire the struggling drugstore chain Walgreens Boots Alliance Inc.

By The Financial District
Dec 14, 20241 min read


Rupert Murdoch Fails To Alter Family Trust In Favor of Son Lachlan
Rupert Murdoch’s bid to amend his family trust and consolidate control of his media empire under his son Lachlan has been...

By The Financial District
Dec 14, 20241 min read


U.S. Courts Block Kroger's $25-B Merger With Rival Albertsons
A US judge blocked the pending $25-billion merger of grocery chains Kroger and Albertsons..

By The Financial District
Dec 13, 20241 min read


Meta Investors Want Sandberg, Zients Punished For Cambridge Analytica Caper
Attorneys for Meta shareholders asked a Delaware judge to sanction the company’s former Chief Operating Officer, Sheryl Sandberg, and...

By The Financial District
Dec 13, 20242 min read


Alisyn Camerota Quits CNN After 10 Years
Emmy-winning anchor Alisyn Camerota announced her departure from CNN during her final broadcast.

By The Financial District
Dec 13, 20242 min read


ByteDance And TikTok Seek Temporary Halt To U.S. Ban
ByteDance and its short-video app TikTok have filed an emergency motion asking the U.S. Court of Appeals for the District of Columbia to...

By The Financial District
Dec 13, 20241 min read


AboitizPower Powers Up Negros Occidental With New 173-MWp Solar Plant, Capping An Exceptional Year For Renewable Energy
AboitizPower has wrapped up 2024 on a high note, energizing its groundbreaking 173-megawatt peak (MWp) Calatrava Solar Project in Negros...

By The Financial District
Dec 13, 20242 min read


Mondelez’s Potential Hershey Takeover Could Be 2024's Biggest Deal
ck-food giant Mondelez International Inc.’s potential acquisition of chocolate maker Hershey Co. would rank as the largest merger and...

By The Financial District
Dec 13, 20241 min read


Meralco and PNP Join Forces To Secure Power Services
The Manila Electric Company (Meralco) has joined forces with the Philippine National Police (PNP) to protect the integrity of its power...

By The Financial District
Dec 13, 20242 min read


Starbucks Japan To Replace Paper Straws With Biodegradable Plastic
Starbucks Coffee Japan Ltd. plans to phase out paper straws in favor of biodegradable plastic ones in 2025.

By The Financial District
Dec 13, 20241 min read


Consunji Honored by AIM
Isidro A. Consunji, Chairman of DMCI Holdings, Semirara Mining and Power Corporation, and Cemex Holdings Philippines, was awarded an...

By The Financial District
Dec 13, 20241 min read


NY Ad Agencies Omnicom, Interpublic Form $30 Billion Marketing Giant
Omnicom Group is acquiring Interpublic Group in a stock-for-stock deal, creating the world's largest advertising agency with nearly $26...

By The Financial District
Dec 12, 20241 min read


UK Pubs Warn Guinness Shortages Could Cripple Business
Landlords across the UK are raising concerns about supply shortages of Guinness, warning that allocation limits imposed by Diageo, the...

By The Financial District
Dec 12, 20241 min read


Google Claims Breakthrough In Quantum Computing With New Chip
Google has announced that it has solved a long-standing quantum computing challenge using its new-generation chip, Willow.

By The Financial District
Dec 11, 20241 min read


Hershey’s Stock Soars On Report Mondelez Offered To Buy Company
Mondelez International, the maker of Oreo and Cadbury, is reportedly exploring an offer to acquire Hershey Co., potentially creating one...

By The Financial District
Dec 11, 20241 min read


Nvidia’s Stock Dips As China Opens Probe Into Anti-Monopoly Violations
Shares of Nvidia fell early in the week after China announced an investigation into the company for suspected violations of Chinese anti...

By The Financial District
Dec 11, 20241 min read


Trump Vows To Block Japanese Firm’s Takeover Of U.S. Steel
President-elect Donald Trump has reiterated his intention to block a Japanese firm’s $15 billion bid to acquire US Steel.

By The Financial District
Dec 11, 20241 min read
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