Business News

Business

UK Regulator to Investigate BlackRock's $3.2 Billion Acquisition of Preqin

The UK's Competition and Markets Authority is launching an inquiry into BlackRock's acquisition of Preqin, examining whether the deal could result in a substantial lessening of com...

Business

AT&T Announces Massive $10 Billion Share Buyback Plan

AT&T Inc. has announced a $10 billion common stock repurchase scheme, aiming to complete the buyback by the end of 2026. The company also envisions another $10 billion of share buy...

Business

Intel's Gelsinger to Receive Over $7 Million in Severance Pay

Former Intel CEO Pat Gelsinger, who retired effective December 1, will receive over $7 million in severance pay, according to a filing with the United States Securities and Exchang...

Business

Amazon Smashes Holiday Sales Records: Alexa Devices and More Fly Off Shelves

Amazon.com Inc. announced that its Black Friday week and Cyber Monday deal event was the biggest Thanksgiving holiday shopping event ever. Sales of Alexa-enabled devices, including...

Business

Exxon Mobil Taps Former GM President to Lead Oil and Gas Division

Exxon Mobil announced that Dan Ammann, former president of General Motors, will become president of its oil and gas production division, effective February 1, 2025. Ammann has been...

Business

Amazon Unveils 'Ultracluster': A Revolutionary AI Supercomputer

Amazon Web Services announces 'Ultracluster,' a revolutionary AI supercomputer powered by Trainium chips, set to launch in 2025 and support AI startup Anthropic. The Ultracluster o...

Business

South Korea's Martial Law Declaration Raises Concerns in Kremlin

The Kremlin is closely monitoring the situation in South Korea, where President Yoon Suk-yeol has declared martial law. Kremlin spokesman Dmitry Peskov described the situation as a...

Business

PwC and AWS Join Forces to Revolutionize Generative AI

PwC announced an enhanced strategic relationship with AWS to catalyze generative AI-powered transformation for industry customers, leveraging AWS's GenAI services including Amazon ...