Apple Extends Patent Licensing Agreement with Qualcomm
Qualcomm announced on Thursday that Apple has extended its patent-licensing agreement with the chip designer, even as the iPhone maker continues efforts to reduce its reliance on Qualcomm’s modem chips. The company did not...
Starbucks to Close 250 Underperforming Coffeehouses in North America
Starbucks plans to close 250 underperforming coffeehouses across North America as CEO Brian Niccol intensifies efforts to revive sales and strengthen the company’s business. According to a regulatory filing on Thursday, the closures will...
Royal Caribbean to Acquire 50% Stake in Sandals Resorts for $3 Billion
Royal Caribbean Group has agreed to acquire a 50% stake in Caribbean resort operator Sandals Resorts International for $3 billion, expanding its presence in land-based vacation experiences. The deal aligns with the cruise company’s...
McDonald’s Unveils $8.5 Billion Franchisee Support Plan to Revive Growth
McDonald’s on Wednesday announced an $8.5 billion franchisee support plan as part of its expanded growth strategy, NEXT, aimed at reviving momentum after several quarters of slower performance. Launched in June, the strategy focuses...
Nestle Weighs Options After Russia Takes Control of Its Russian Business
Nestle said on Friday it was considering all available options to protect its rights after the Kremlin placed the Swiss food giant’s Russian business under temporary administration. The move, announced through a presidential decree...
Goldman Sachs Asset Management Raises $11.7 Billion Across Private Equity Funds
Goldman Sachs Asset Management’s alternatives unit has raised $11.7 billion across its latest private equity funds and related investment vehicles, the firm said on Tuesday. The fundraising includes $9.6 billion for its flagship West...
Bayer’s Monsanto Seeks Court Approval for $7.25 Billion Roundup Settlement
Bayer’s Monsanto unit is set to appear before a Missouri state court on Monday seeking final approval of a proposed $7.25 billion settlement aimed at resolving tens of thousands of U.S. lawsuits alleging that...
The Boring Company Raises $3 Billion at $23 Billion Valuation
The Boring Company, the tunnel construction startup founded by billionaire Elon Musk, has raised $3 billion in a new funding round that values the company at $23 billion, according to a statement released Wednesday....
Volkswagen Faces €16 Billion Cost for Massive Restructuring Plan
Volkswagen is estimating the total cost of its sweeping restructuring program, including job cuts and potential plant closures, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The...
GE Aerospace to Buy Castings Supplier CPP for $11.75 Billion
GE Aerospace said Tuesday it will acquire aerospace castings supplier Consolidated Precision Products (CPP) from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion. The deal will give GE greater control over a...