Choice Hotels International is seeking approval from Wyndham Hotels & Resorts shareholders for an almost $8 billion buyout, following the breakdown of negotiations. Choice’s CEO, [more…]
Rite Aid, a prominent pharmacy chain in the United States, initiated a bankruptcy filing on Sunday, grappling with an immense debt load, dwindling sales, and [more…]
Pfizer revised its 2023 revenue forecast to a range of $58 billion to $61 billion, down from the initial estimate of $67 billion to $70 [more…]
In an intriguing development, Japanese chip manufacturer Kioxia Holdings and its American counterpart, Western Digital, appear to be on the brink of agreeing to a [more…]
Atlassian made a significant announcement today, revealing its acquisition of Loom, the video messaging service, for a substantial $975 million. This is a notable development [more…]
Shenzhen’s Longsys Electronics, a major client of US memory chip maker Micron Technology in China, has successfully acquired a mainland plant from Taiwan’s Powertech Technology [more…]
ExxonMobil, the largest US oil company, is set to acquire Pioneer Natural Resources, a prominent shale oil producer, in a deal that will significantly boost [more…]
Bristol-Myers Squibb has announced its acquisition of Mirati Therapeutics for a potential sum of $5.8 billion, signaling a strategic move to expand its presence in [more…]
In a significant development, the labor complaint at Grupo Yazaki’s auto parts factory in Guanajuato, Mexico, has been successfully resolved under the United States-Mexico-Canada Agreement [more…]
In an unprecedented move, workers at Kaiser Permanente, the nation’s largest healthcare nonprofit, have initiated a strike. Over 75,000 union members are walking out of [more…]
