A.R. ► - Page 110

Dec. 12, 2023 - Amidst soft sales persisting into the holiday season, Hasbro is cutting approximately 1,100 jobs. (Photo: Shannon Stapleton | Reuters)

3 min read

Business U.S.

Hasbro faces holiday blues, layoffs, and challenges in the toy market

Post Date 12/12/2023

In a shocking development, Hasbro, the renowned toy maker, is set to lay off approximately 1,100 employees as it grapples with sluggish sales that have [more…]

November saw a marginal increase in prices for a variety of goods and services, largely meeting expectations and relieving pressure on the Federal Reserve. (Photo: Freepik)

3 min read

Investing & Markets U.S.

U.S. inflation holds steady in November, easing pressure on the Federal Reserve

Post Date 12/12/2023

In November, prices across a wide range of goods and services in the United States experienced a marginal increase, aligning closely with economists’ expectations. The [more…]

Acquiring 75% of Indonesia's largest e-commerce, TikTok will integrate its Indonesia business into the entity, following the closure of TikTok Shop due to the country's October ban on social media online shopping. (Photo: GoTo)

2 min read

China Indonesia Technology

TikTok is making a billion-dollar strategic investment to restart into Indonesia’s e-commerce market

Post Date 12/11/2023

In a bold move to reignite its presence in Southeast Asia’s booming e-commerce landscape, China’s TikTok is set to invest a staggering $1.5 billion to [more…]

China - Huawei Technologies has inquired with Mercedes Benz and Volkswagen's Audi about their potential interest in acquiring minor ownership shares in its smart car software and components company. (Source: amanz.my)

3 min read

China Germany Technology

Huawei seeks international allies in smart car venture, engages Mercedes and Audi in talks

Post Date 12/11/2023

Chinese tech giant Huawei Technologies is exploring potential partnerships beyond its home turf, initiating discussions with luxury car manufacturers Mercedes Benz and Volkswagen’s Audi to [more…]

On Monday, Occidental Petroleum finalized a $12 billion deal to acquire CrownRock, a significant privately held energy producer in the Permian Basin. (Photo: Oxy HQ)

3 min read

Business U.S.

Occidental Petroleum to acquire CrownRock for $12 billion in move to bolster Permian presence

Post Date 12/11/2023

In a strategic move to expand its footprint in the prolific Permian Basin, Occidental Petroleum announced on Monday that it has reached an agreement to [more…]

On Saturday, Shohei Ohtani, the exceptional two-way player, agreed to a 10-year, $700 million contract with the Los Angeles Dodgers. (Photo: WNCT)

3 min read

Japan Sports U.S.

Shohei Ohtani signs record-breaking $700 million Deal with the Los Angeles Dodgers

Post Date 12/11/2023

In a historic move that has sent shockwaves through the baseball world, Shohei Ohtani, the unparalleled two-way talent, has inked a groundbreaking 10-year, $700 million [more…]

Dec. 11, 2023 - Arkhouse Management and Brigade Capital Management are looking to acquire Macy's Inc. for $5.8 billion, valuing the retailer at $21 per share, a premium over its recent close at slightly over $17 per share. (Laura Miller | NYC Tourism)

2 min read

Business U.S.

Arkhouse and Brigade Capital offer $5.8 billion bid to acquire Macy’s

Post Date 12/10/2023

In a potential game-changing move for the retail landscape, Arkhouse Management and Brigade Capital Management have jointly proposed a $5.8 billion acquisition of Macy’s, as [more…]

Dec. 8, 2023 - Following reports of a potential takeover by RedBird and Skydance, Paramount shares experienced a surge, with the company's controlling shareholder, Shari Redstone, actively seeking a deal. (Photo: Paramount)

2 min read

Entertainment U.S.

Skydance and RedBird Capital eyeing takeover of Paramount Global as shares soar

Post Date 12/09/2023

In a surprising turn of events, Paramount Global experienced a significant surge in its shares on Friday following reports from Deadline and Puck News indicating [more…]