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Activist investor ValueAct has $1 billion stake in Meta, sources say

Activist investor ValueAct has a $1 billion stake in Facebook parent Meta, according to people familiar with the matter.

Business - CNBC - November 12

Hertz booked a $1 billion charge as the value of its cars dropped

Hertz’s stock slips, but bounces sharply off earlier lows, as $1 billion write-off of car values reflects acceleration of fleet rotation.

Business - MarketWatch - November 12

Justice Department sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys

The Justice Department is suing to block UnitedHealth Group’s $3.3 billion purchase of Amedisys

Health - ABC News - November 12

Inside VW and Rivian's $5.8 Billion Bet to Rescue Each Other

The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.

Business - The Wall Street Journal - November 13

The U.S. Air Force Strategy That Flexport Uses to Move Billions in Merchandise

Ryan Petersen’s Flexport technology moved $32 billion worth of merchandise in 2023 alone.

Business - Inc. - November 13

The British Museum Gets a Giant Gift: $1.27 Billion of Chinese Ceramics

Sir Percival David’s collection, amassed in the early 1900s, includes prized vases and wine cups. “You simply couldn’t build up a collection like this today,” one expert said.

Top stories - The New York Times - November 13

Britain's car finance industry is in crisis – with banks bracing for billions in payouts

The crisis has prompted comparisons to Britain's PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).

Business - CNBC - November 14

Inside the Billion-Dollar Startup Bringing AI Into the Physical World

Physical Intelligence has assembled an all-star team and raised $400 million on the promise of a stunning breakthrough in how robots learn.

Tech - Wired - November 14

General Mills to Acquire Cat Feeding, Pet Treating Business for $1.45 Billion

General Mills said it had agreed to acquire a North American cat feeding and pet treating business from European private-equity firm NXMH in a deal worth $1.45 billion.

Business - The Wall Street Journal - November 14

World Bank says war in Lebanon has caused billions in losses

World - Yahoo News - November 14

After two stamp hikes, the USPS lost nearly $10 billion in 2024

The U.S. Postal Service's loss widened in fiscal 2024, although revenue rose slightly after two stamp hikes this year.

US hacker sentenced over Bitcoin heist worth billions

Ilya Lichtenstein laundered the stolen cryptocurrency with his wife Heather Morgan aka Razzlekhan.

Robert F. Kennedy Jr.’s Billion-Dollar Hit to Big Pharma

Donald Trump’s choice to run the Department of Health and Human Services spooked investors who worry what Kennedy would do.

Business - The New York Times - November 15

Why Home Depot made an $18.25 billion bet on the pro business

The retailer's acquisition is boosting the business as home improvement demand remains slow.

Business - CNBC - November 15

Arizona Chip Plant Gets $6.6 Billion Ahead of Trump Return

Taiwan Semiconductor Manufacturing’s U.S. unit will get federal money from the CHIPS Act, and will share some profits with the government.

Business - Inc. - November 15

Billions at stake in court battle over North Sea oil

Lawyers and campaigners have made their arguments before Lord Ericht in Edinburgh this week.

Bitfinex Hacker Gets 5 Years for $10 Billion Bitcoin Heist

Plus: An “AI granny” is wasting scammers’ time, a lawsuit goes after spyware-maker NSO Group’s executives, and North Korea–linked hackers take a crack at macOS malware.

Tech - Wired - November 16

Harris campaign raised $1 billion-plus. It's still sending appeals for donors.

Democrats are sending persistent appeals to Harris supporters without expressly asking them to cover any potential debts, enticing would-be donors instead with other matters.

ByteDance Valuation Hits $300 Billion Amid Possible U.S. TikTok Ban

ByteDance, owner of TikTok, has placed its own value at this figure.

Business - Inc. - November 16

Brazil development bank signs deal with AIIB for nearly $3 billion in investments

World - Yahoo News - November 18

Spirit Airlines Files for Bankruptcy; Lost $2.2 Billion in 5 Years

The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.

Business - The New York Times - November 18

Denmark will plant 1 billion trees and convert 10% of farmland into forest

Danish lawmakers have agreed on a deal to plant 1 billion trees and convert 10% of farmland into forest and natural habitats in an effort to reduce fertilizer usage over the next two decades

World - ABC News - November 18

Biden Asks Congress for Nearly $100 Billion in Disaster Aid

The president said the aid was “urgently needed” as emergency programs face funding shortfalls amid the devastation after Hurricanes Helene and Milton and a string of other natural disasters.

Top stories - The New York Times - November 18

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