Category: Business

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)
Estimated read time 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. 6, 2023 - AbbVie announced its acquisition of neuroscience drugmaker Cerevel Therapeutics for approximately $8.7 billion, with the deal structured to entail a payment of $45 per share. (Photo: Dado Ruvic | Reuters)
Estimated read time 2 min read
Business U.S.

AbbVie boosts neuroscience portfolio with $8.7 billion acquisition of Cerevel Therapeutics

  • Post Date 12/07/2023

In a strategic move to fortify its position in the neuroscience drug market, AbbVie announced on Wednesday its plan to acquire Cerevel Therapeutics for a [more…]

On Tuesday, Airbnb named Ellie Mertz as its new Chief Financial Officer, succeeding Dave Stephenson, who has been promoted to the newly created role of Chief Business Officer after serving as Airbnb's CFO since 2019. (Photo: TechTimes)
Estimated read time 2 min read
Business U.S.

Airbnb announces leadership shake-up

  • Post Date 12/05/2023

In a strategic move to steer Airbnb into its next phase of growth, the company has appointed Ellie Mertz as its new Chief Financial Officer, [more…]

In November, Airbus achieved a delivery of 64 aircraft, reflecting a 6% decline compared to the corresponding month in 2022 and contributing to a cumulative total of 623 units for the year. (Photo: Thomas Samson | AFP | Getty Images)
Estimated read time 2 min read
Business France

Airbus navigates challenges to achieve year-end delivery target of 720 deliveries

  • Post Date 12/05/2023

In a recent update, Airbus confirmed that it delivered 64 aircraft in November, marking a slight decrease of 6% compared to the same month in [more…]

Dec. 4, 2023 - Spotify is cutting 17% of its global workforce, marking its third round of layoffs this year in a cost-cutting effort to prioritize profitability. (Photo: Technologistan)
Estimated read time 2 min read
Business Sweden

Spotify orchestrates layoffs in pursuit of profitability symphony

  • Post Date 12/04/2023

In a surprising move that has sent shockwaves through the music streaming industry, Spotify has announced its third round of layoffs this year, eliminating 17% [more…]

Dec. 3, 2023 - Alaska Airlines unveils $1.9 billion acquisition of Hawaiian Airlines, bolstering its position as the fifth-largest U.S. airline. (Photo: Tayfun Coskun)
Estimated read time 3 min read
Business U.S.

Alaska Airlines set to soar to new heights with $1.9 billion acquisition of Hawaiian Airlines

  • Post Date 12/03/2023

In a groundbreaking announcement on Sunday, Alaska Airlines revealed its ambitious move to acquire Hawaiian Airlines for a staggering $1.9 billion. This strategic maneuver aims [more…]

On Friday, the Japanese gas company Iwatani announced its intention to acquire approximately a 20% stake in Cosmo Energy Holdings from a consortium of activist investors. (Photo: FuelCellsWork)
Estimated read time 2 min read
Business Japan

Japanese gas company Iwatani to acquire 20% stake in Cosmo Energy Holdings, ending battle with activist investors

  • Post Date 12/01/2023

In a strategic move to strengthen its position in the energy sector, Japanese gas company Iwatani has announced its decision to purchase a 20% stake [more…]