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...Amazon, Microsoft and Google parent Alphabet look set to ramp up capital spending, as the world’s biggest cloud computing groups build up capacity to serve the growth of generative artificial intelligence...
...SMBC, whose parent company is Sumitomo Mitsui Financial Group, also committed $2.25bn in financing for Jefferies’s debt underwriting business in 2021....
...Facebook parent Meta last year failed to overturn the CMA’s ruling that it must sell Giphy, the image-sharing service, unwinding a $315mn deal....
...“[PBMs] are acutely aware of their situation: everybody in the world hates them and they are looking for friends,” said Douglas Holtz-Eakin, president of the American Action Forum, a right-leaning think-tank...
...On Wednesday, the Facebook parent detailed charges of $4.6bn related to restructuring....
...Those gains stand in contrast to Meta’s 11 per cent drop on Thursday after the Facebook parent said it would “invest aggressively” in new AI products such as chatbots, despite generating only limited returns...
...Amazon, Microsoft, Meta, Google parent Alphabet and music streaming service Spotify are among the companies that have signalled plans to strike such a balance this year....
...Margherita now says she is entitled to a stake in Dicembre, Exor’s parent company, based on her allegedly unlawful exclusion from her mother’s will....
...When VMware was spun off from Dell Technologies in 2021, it then paid its former parent company a special dividend of more than $9bn that was used to repay the large debts Dell and Silver Lake had accumulated...
...Indeed, its results were a lone bright spot in parent Thyssenkrupp’s challenging quarter. What makes Nucera different?...
...Few have so far felt pity for the holders of Microsoft, Apple, Amazon, Google-parent Alphabet, Tesla, Facebook-parent Meta, and Nvidia, which have seen gains this year ranging from about 35 per cent (Apple...
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...Starboard plans to recommend News Corp spin off its digital real estate division, which includes a stake in Australian online property site operator REA Group and Realtor.com parent Move Inc The activist...
...Since the CMA’s initial ruling to prevent the deal, Microsoft has struck further licensing deals with rivals — including its main rival, PlayStation parent Sony — for access to Activision’s games, hoping...
...Douglas Farrar, FTC spokesperson, said the agency was “disappointed in this outcome given the clear threat this merger poses to open competition in cloud gaming, subscription services, and consoles....
...In addition, the group disclosed the extent of its reliance on its parent company Geely, which it leans on for “research and development, procurement, manufacturing, and engineering”....
...Tesla chair Robyn Denholm has joined the board of Harrison.ai, an Australian healthcare start-up backed by Hong Kong billionaire Li Ka-shing’s Horizon Ventures....
...Jeff Shell is stepping down as chief executive of NBCUniversal after an investigation into a complaint of alleged inappropriate conduct with a female colleague, parent company Comcast said on Sunday....
...The two companies have also signed a long-term partnership that will see Great-West Lifeco’s parent, the Power Corporation of Canada, allocate $25bn to Franklin’s alternative investment funds, which had...
...Facebook parent Meta, which reports on Wednesday, rose more than 2 per cent after Google’s earnings pointed to a recovery in digital advertising....
...Tiger wiped a third, or $23bn, off the value of its start-up holdings including Stripe and TikTok parent ByteDance earlier this year....
...Parent Alphabet was among the companies to warn of higher capital spending stemming from AI, with costs starting to rise in the second quarter and heading progressively higher from there....
...“[Zaslav] spent more time on CNN than he wanted to, frankly,” the person added, noting CNN makes up only 5 per cent of the parent company’s overall revenues....
...Robert Thomson, chief executive of the WSJ’s parent company News Corp, said Tucker would “bring verve and virtue”....
...Douglas Westwood, one of the parents bringing the lawsuit, says his daughter got hooked on Instagram within months of receiving her first smartphone, for safety purposes, at nine years old....
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