By Sam Tobin LONDON (Reuters) -Microsoft is challenging Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard on the grounds of “fundamental errors” in the assessment of Microsoft’s cloud gaming services. Britain’s anti-trust regulator, the Competition and Markets Authority (CMA), vetoed the deal in April, saying it could hurt…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Citi said Wednesday it was abandoning earlier plans for a sale of…
By Gabriella Borter and Sharon Bernstein (Reuters) – State legislatures are wrestling with how much to restrict or expand abortion access after the U.S. Supreme Court overturned Roe v. Wade last year. Here is a snapshot of pending and passed legislation seeking to restrict or protect access in 2023. RESTRICTIONS FLORIDA: Florida Governor Ron DeSantis…
(Corrects to add dropped word in last bullet) (Reuters) – The upcoming Memorial Day weekend is expected to see millions of Americans travel despite tight budgets, kicking off the busy summer travel in the U.S on a high note. Here’s how the Memorial Day travel might look like: ROADTRIPS ** Cheaper gas is pushing more…
By David Randall NEW YORK (Reuters) – A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely shift Wall Street’s attention to other emerging risks, including further Federal Reserve interest rate hikes and an expected reduction in fiscal spending. At its May 3 meeting, the Federal Reserve signaled it was open to…
WILMINGTON, Delaware (Reuters) – Former CBS shareholders reached a proposed $167.5 million settlement to resolve allegations that Shari Redstone, the daughter of late media magnate Sumner Redstone, pressured the company into an unfair merger that created ViacomCBS Inc, now known as Paramount Global, according to a court filing. The settlement covers holders of Paramount Global…
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are nearing a deal to lift the debt ceiling that would trim some U.S. federal spending. While talks are fluid, the general contours of the deal have taken shape. Here’s what we know so far: A CAP ON DISCRETIONARY…
By Anirban Sen and Milana Vinn NEW YORK (Reuters) – Private equity firms Francisco Partners and TPG Inc have ended talks to acquire New Relic Inc after they failed to secure enough debt financing and could not meet the business software company’s valuation expectations, people familiar with the matter said. The demise of the deal…
By Shivansh Tiwary and David Shepardson (Reuters) -Ford Motor Co shares jumped by more than 7% on Friday after the No. 2 U.S. automaker announced a deal allowing its electric-vehicle owners to access rival Tesla Inc’s charging stations in North America. Tesla’s Superchargers could become the standard for EV charging in the United States, Ford…
By Jaiveer Shekhawat and Echo Wang (Reuters) -Atmus Filtration Technologies Inc, the filtration business of U.S. diesel engine maker Cummins Inc, fetched a valuation of $1.8 billion in a strong market debut on Friday. Shares of Atmus opened at $21.67, up 11% from their initial public offering price of $19.5 a share. Atmus raised about…
