Month: September 2024

The new offer price is 5.7% higher than the previous agreement announced in May.

The activist investor said the share structure gives too much influence to the family of company founder Rupert Murdoch.

The freight railroad said it has opened an investigation into allegations of potential conduct by Alan Shaw that is inconsistent with its code of ethics and company policy.

U.S. discount retail chain Big Lots filed for bankruptcy, becoming the latest retail casualty as consumers reined in spending after a postpandemic surge.

The $3.8 billion offer is the family’s latest attempt to take control of the struggling department-store chain.

Lyft said it is further reducing its workforce in a new wave of layoffs as it eliminates dockless bikes and scooters from the business.

Volvo Car abandoned its target of having a fully electric lineup by the end of the decade, saying it was still likely to sell some hybrid models as the market faces an increasingly bumpy transition to electric vehicles.

The auto giant is considering cuts it has long avoided in Germany as it contends with tepid interest in a high-cost technology.

IHH Healthcare has agreed to buy a Malaysian hospital business from Affinity Equity Partners, the latest in a series of healthcare deals in the Southeast Asian region.