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UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion
Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.Business - CNBC - 2 days ago -
Intel Gets Up to $7.9 Billion Award for U.S. Chip-Plant Construction
The government grant is less than originally expected because the chip giant is also receiving separate funding for defense-related projects.Tech - The Wall Street Journal - 21 hours ago -
Senate report slams airlines for raking in billions in seat fees
The Senate panel is calling airline executives to testify next week about their carriers' fees.Business - CNBC - Yesterday -
Senate report slams airlines for raking in billions in seat fees
A Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights.Top stories - NBC News - Yesterday -
Intel and Commerce Department finalize $7.9 billion CHIPS Act grant
The struggling chipmaker has cut jobs and pared back expansion plans as it grapples with its worst downturn ever, making the CHIPS Act money a welcome boost.Business - CNBC - Yesterday -
This $22 billion robotics company’s stock is tumbling as accounting errors found
Symbotic’s stock plunged after the robotics company became the latest example of the consequences of weaknesses in controls over financial reporting.Business - MarketWatch - 4 hours ago -
OpenAI Employees Can Sell $1.5 Billion in Stock to SoftBank
The Japanese bank is keen to increase its stake in the AI market leader, which is also backed by Microsoft.Business - Inc. - 2 hours ago -
Amazon Invests an Additional $4 Billion in Anthropic, an OpenAI Rival
The tech giant doubles its investment in the startup as it aims to compete in the AI arms race.Tech - The Wall Street Journal - 5 days ago -
Elon Musk's xAI Startup Is Valued at $50 Billion in New Funding Round
The artificial-intelligence company has told investors it raised $5 billion in its latest funding round.Tech - The Wall Street Journal - 6 days ago -
Amazon Invests $4 Billion in Anthropic, Deepening Its A.I. Ties
Since last September, the tech giant has pumped $8 billion into the artificial intelligence start-up, a sign of intense competition in developing tools that are reshaping the tech sector.Tech - The New York Times - 4 days ago -
HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations
Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.Business - CNBC - October 29 -
BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit
British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.Business - CNBC - October 29 -
Biden administration announces $3 billion to reduce air pollution from US ports
The Biden administration on Tuesday announced $3 billion in funding through the Environmental Protection Agency (EPA) to reduce pollution and greenhouse gas emissions associated with U.S. ports. ...Politics - The Hill - October 29 -
Boeing raises greater-than-expected $21 billion from new stock sales
Boeing said Tuesday that it will raise nearly $21 billion from a public offering of common stock and depositary shares — more than the roughly $19 billion that was initially mooted.Business - MarketWatch - October 29 -
OpenAI Chair’s AI Startup Sierra Gets $4.5 Billion Valuation in Latest Funding Round
Former Salesforce co-CEO Bret Taylor’s company keeps pulling in money from top VC firms as expectations mount.Business - Inc. - October 29 -
Sam Altman’s Reddit stake now worth over $1 billion after post-earnings pop
OpenAI CEO Sam Altman's stake in Reddit has ballooned to more than $1 billion in value, as of after-hours trading on Tuesday.Business - CNBC - October 29
