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CVC Soars in of Amsterdam Trading Debut
CVC shares rose 24% on the first day of trading on Amsterdam’s stock exchange, after the buyout firm priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion.The Wall Street Journal - World -
CPAP Lawsuits Settled for $1.1 Billion
Thousands of people with sleep apnea and other illnesses had sued the company, claiming flawed devices were harming them.The New York Times - Business -
Micron Will Receive $6.1 Billion to Build Semiconductor Plants
The grant to the memory chipmaker is the latest federal award aimed at boosting U.S. chip manufacturing.The New York Times - Tech -
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.The Wall Street Journal - World -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Top stories -
Ukrainian ambassador discusses $61 billion aid package
After months of negotiations, debate and Capitol Hill visits from foreign leaders, a much-anticipated foreign aid bill finally became law Wednesday with President Biden's signature. Oksana Markarova, Ukrainian ambassador to the U.S., joins CBS ...CBS News - Top stories - Ukraine -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Business -
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.The Wall Street Journal - Business -
Mining Giants Weigh $39 Billion Megadeal
Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.The Wall Street Journal - World -
Mining Giants Weigh $39 Billion Megadeal
Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.The Wall Street Journal - World -
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Tech -
Mining Giants Weigh $39 Billion Megadeal
Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry.The Wall Street Journal - Business -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Anglo Rejects BHP's $39 Billion Bid
The U.K.-listed mining giant’s chairman said BHP’s proposal undervalues the company and is unattractive for its shareholders.The Wall Street Journal - World -
Anglo Rejects BHP's $39 Billion Bid
The London-listed mining giant said the bid “significantly undervalues” the company, setting the stage for a potential bidding war.The Wall Street Journal - Business -
CVC Soars in of Amsterdam Trading Debut
CVC shares rose 24% on the first day of trading on Amsterdam’s stock exchange, after the buyout firm priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion.The Wall Street Journal - Business -
Thoma Bravo agrees to buy Darktrace for $5 billion
Private-equity firm Thomas Bravo agreed to buy U.K. cybersecurity company Darktrace for $5 billion, in what would end the company’s brief but rocky spell as a listed company.MarketWatch - Business -
Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Tech -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Anglo Rejects BHP's $39 Billion Bid
The London-listed mining giant said the bid “significantly undervalues” the company, setting the stage for a potential bidding war.The Wall Street Journal - Business -
Winner of $1.3 billion Powerball jackpot revealed
The winner was 46-year-old Cheng Saephan, a Laos-born immigrant who has been fighting cancer for the past eight years.CBS News - Top stories -
$1.3 billion Powerball jackpot winner revealed
Powerball revealed the winners of the $1.3 billion ticket drawn earlier this month in Oregon. A husband and wife plan to split the winnings with a family friend. Carter Evans has the story.CBS News - Top stories -
Bears request more than $2 billion in public money to fund $4.6 billion stadium project
The numbers for the Bears' proposed stadium project are astounding.Yahoo Sports - Sports -
What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
The IMF says it will immediately release the final $1.1 billion tranche of a $3 billion bailout to PakistanABC News - World -
Biden speaks after signing $95 billion foreign aid package into law
President Biden spoke from the White House Wednesday after signing into law a $95 billion foreign aid package that will send money to Israel, Ukraine and Taiwan. The president had been pushing Congress on the legislation for months. CBS News chief ...CBS News - Top stories - Joe Biden -
How NASA Repaired Voyager 1 From 15 Billion Miles Away
The far-traveled space probe is once again transmitting usable data, after a glitch caused months of gibberish.Wired - Tech - NASA -
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.CNBC - Business -
IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
Israel Calls Alliance With U.S. ‘Ironclad’ After Receiving Billions in Aid
The money from Washington, which includes $5 billion to replenish Israel’s defenses and $1 billion for Gazan civilians, comes as Israel readies to invade Rafah.The New York Times - World - Israel -
Israel Calls Alliance With U.S. ‘Ironclad’ After Receiving Billions in Aid
The money from Washington, which includes $5 billion to replenish Israel’s defenses and $1 billion for Gazan civilians, comes as Israel readies to invade Rafah.The New York Times - Top stories - Israel -
Meta's Reality Labs posts $3.85 billion loss in first quarter
Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.CNBC - Business -
Mercer Raises $3.9 Billion for Multi-Asset Private Capital Fund
Private Investment Partners VII is designed to provide broad private markets exposure to investors that lack the internal resources to identify the best managers.The Wall Street Journal - World -
Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American
The deal would create one of the largest copper miners at a time when demand is soaring for the metal used in many green technologies.The New York Times - Business -
BHP makes $39 billion bid for Anglo American in mining mega play
Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the company at £31.1 billion ($38.9 billion).CNBC - Business -
Micron Gets $6.1 Billion to Build Three New Facilities
The government grant will fuel up to $125 billion in investment by Micron in New York and Idaho over the next 20 years, U.S. officials said.The Wall Street Journal - Tech -
Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants
The $6.1 billion for Micron, to shore up the domestic supply of semiconductors, comes after a key union endorsement and passage of an aid bill central to the president’s foreign policy agenda.The New York Times - Top stories - Joe Biden -
BlackRock-Temasek Venture Amasses $1.4 Billion for Clean-Energy Wagers
The firms’ Decarbonization Partners raised its first fund to support emissions-reducing technologies.The Wall Street Journal - World