Macy’s surges after investor group sweetens take-private bid to $6.6 billion
By Savyata Mishra (Reuters) -Macy’s shares jumped 16% on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private…
Category: General
Target set for sales rebound in 2024, despite holiday blues
By Siddharth Cavale NEW YORK (Reuters) -Mass-merchandise retailer Target is expected to post a drop in holiday quarter same-store sales,…
NerdWallet says it did not file for bankruptcy, cites fraudulent filing
(Reuters) – NerdWallet Inc said on Saturday that it did not file for bankruptcy, saying a fraudulent filing appeared on…
In blunt remarks, US VP Harris calls out Israel over “catastrophe” in Gaza
By Jeff Mason (Reuters) -U.S. Vice President Kamala Harris bluntly called out Israel on Sunday for not doing enough to…
Toyota to invest $2 billion in Brazil, says Brazilian vice-president
SAO PAULO (Reuters) -Japanese auto maker Toyota will announce on Tuesday an 11 billion real ($2.2 billion) investment for the…
Lawyers who voided Elon Musk’s pay as excessive want $6 billion fee
By Tom Hals WILMINGTON, Delaware (Reuters) -The lawyers who voided Elon Musk’s $56 billion compensation as excessive on Friday sought…
Reddit seeks up to $6.5 billion valuation in IPO, source says
By Echo Wang (Reuters) – Media platform Reddit is eyeing a valuation of up to $6.5 billion in its initial…
Elon Musk sues OpenAI for abandoning original mission for profit
By Jahnavi Nidumolu, Aditya Soni and Sheila Dang (Reuters) -Billionaire entrepreneur Elon Musk has sued ChatGPT-maker OpenAI and its CEO,…
NASA to discontinue $2 billion satellite servicing project on higher costs, schedule delays
(Reuters) – NASA said on Friday it is shutting down a more than $2 billion project to test satellite servicing…
GM recalling 820,000 pickup trucks for tailgate issue
By David Shepardson WASHINGTON (Reuters) -General Motors is recalling 820,000 newer pickup trucks in North America because tailgates could unlatch…