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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 AmedisysHealth - 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 -
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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.Top stories - CBS News - November 14 -
US hacker sentenced over Bitcoin heist worth billions
Ilya Lichtenstein laundered the stolen cryptocurrency with his wife Heather Morgan aka Razzlekhan.Top stories - BBC News - November 15 -
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.Top stories - BBC News - November 16 -
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.Top stories - CBS News - November 16 -
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 -
How Kamala Harris Burned Through $1.5 Billion in 15 Weeks
Her frenzied spending has led to second-guessing among some Democrats and questions as she has pressed for more cash since the election.Top stories - The New York Times - November 17 -
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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 decadesWorld - 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 -
Rheinmetall Targets $21.2 Billion in Sales by 2027 as Western Defense Budgets Rise
The arms maker forecasts $21.2 billion in sales over the next three years amid higher defense spending in western markets.Business - The Wall Street Journal - November 19 -
Google's $2 Billion Anthropic Investment Gets U.K. Antitrust Clearance
The Competition and Markets Authority said it wouldn’t open an in-depth investigation into Google’s investment in the AI startup.Business - The Wall Street Journal - November 19 -
Amcor to Buy Berry Global in $8.4 Billion Stock Deal
Amcor has agreed to buy Berry Global Group in a roughly $8.4 billion stock swap that will create a consumer and healthcare packaging company with annual revenue of about $24 billion.Business - The Wall Street Journal - November 19 -
Italy recovers Etruscan artifacts worth $8.5 million bound for black market
Italian authorities have announced the seizure of an illegal excavation of an Etruscan burial site in the central Umbria regionEntertainment - ABC News - November 20 -
Jersey Mike’s Subs Sold to Blackstone in $8 Billion Deal
The private equity firm, which has been buying food and beverage operators, has an agreement that will bring the compnay plenty of cheddar after the sandwich chain opens its 4,000th store.Business - Inc. - November 19 -
Google's $2 Billion Anthropic Investment Gets U.K. Antitrust Clearance
The Competition and Markets Authority said it wouldn’t open an in-depth investigation into Google’s investment in the AI startup.Tech - The Wall Street Journal - November 19
