Warren Buffett’s Berkshire Hathaway said Thursday it will acquire Occidental Petroleum’s chemical business, OxyChem, for $9.7 billion in cash, marking its largest takeover since the $11.6 billion purchase of insurer…
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Micron stock price has been in a strong rally this year and is now hovering at its all-time high. MU has jumped in the last three consecutive weeks and by…
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Electronic Arts, maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired for $52.5 billion in what could become the largest-ever buyout funded by private-equity firms.…
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Business
Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup
by adminby adminCharlie Javice, the founder of a startup company that sought to dramatically improve how students apply for financial aid, was sentenced Monday to more than seven years in prison for…
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Stock
Tesla’s European sales see growth in 2025: what to expect from Q3 deliveries
by adminby adminTesla’s sales showed signs of recovery in parts of Europe during September, with gains in France, Denmark, Norway, and Spain, but continued weakness in Sweden underscored the US electric-vehicle maker’s…
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Stock
From GE to Kraft Heinz to Corteva: why more US giants are choosing spin-offs
by adminby adminUS conglomerates are increasingly breaking up into focused, independent companies as spin-offs gain traction as a strategy to unlock shareholder value, sharpen management focus, and respond to market demands. Corteva…
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Business
Trump says U.S. will impose new tariffs on heavy trucks, drugs and kitchen cabinets
by adminby adminPresident Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariff on imported branded drugs, 25% tariff on imports of…
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Stock
Nvidia, AMD to see massive surge? Citigroup forecasts trillion-dollar AI boom
by adminby adminNvidia and AMD look set to ride a huge wave of growth as AI spending is expected to explode in the coming years. Citigroup just put a number on it…