Meta and Snap Face US Trial Over Social Media Addiction Claims
Two teenage plaintiffs will take Meta Platforms and Snap to trial in Los Angeles on Wednesday, October 28, in a significant legal test over allegations that social media platforms contribute to mental health problems...
SK Hynix Profit Surges Sevenfold, Announces $75 Billion Shareholder Return
South Korean chipmaker SK Hynix announced plans to return approximately $75 billion to shareholders this year after reporting a more than sevenfold increase in quarterly operating profit, driven by surging demand for artificial intelligence...
Trian Fund Offers to Take Wendy’s Private in $1.4 Billion Deal
Nelson Peltz’s Trian Fund Management has offered to acquire Wendy’s and take the US burger chain private in a deal valuing the company at approximately $1.4 billion, according to a regulatory filing on Wednesday....
US Judge Grants Alibaba Relief in Pentagon Contract Dispute
A US federal judge on Monday granted Alibaba Group Holding a preliminary injunction preventing the US government from denying Pentagon contracts to companies because they or their parent companies or subsidiaries work with firms...
Noyb Files Complaints Against Scale AI Over Alleged Worker Surveillance
European digital privacy advocacy group Noyb has filed five complaints against Scale AI in France, Italy, the Netherlands and Austria, alleging that its freelance work platform, Outlier, illegally monitors workers who generate training data...
Great Wall Motor to Begin SUV Production in Bulgaria in 2027
China’s Great Wall Motor (GWM) will begin manufacturing its Ora 5 compact SUV in Bulgaria in the first quarter of 2027 under an agreement with a local partner. The facility, with a planned annual...
Coca-Cola Raises 2026 Profit Forecast on Strong Global Demand
Coca-Cola on Tuesday raised its annual profit forecast, supported by strong demand for its beverages in markets such as India, China, Mexico and Brazil. Global unit case volumes increased around 5% in the third...
Advent Raises $30 Billion Across Latest Private Equity Funds
Global private equity firm Advent International has raised $30 billion across its latest fund complex, securing capital for its flagship buyout fund and a new mid-market investment strategy. Announced on Tuesday, the fundraising highlights...
T-Mobile Introduces Customisable Wireless Plans With Streaming and Lifestyle Perks
T-Mobile on Monday unveiled new wireless plans that allow customers to choose and swap benefits such as Netflix, DoorDash and music subscriptions, moving away from its traditional approach of bundling perks into fixed plan...
EQT to Acquire Range Resources in $13 Billion Deal to Become Largest US Natural Gas Producer
EQT Corp said on Monday it would acquire Range Resources in an all-stock deal valued at approximately $13 billion, creating the largest natural gas producer in the United States. The merger brings together two...