TOKYO (Reuters) -Japanese retailer Seven & I Holdings Co Ltd is in final negotiations to sell its department store unit, Sogo & Seibu, the Nikkei business daily reported on Monday, amid investor pressure to focus on its core convenience store business. Investment funds and companies are expected to be among the potential bidders with negotiations…
NEW YORK (AP) — The New York Times said on Monday that it has bought Wordle, the free online word game that has exploded in popularity and, for some, become a daily obsession. It listed the purchase price as being in the “low-seven figures,” but did not disclose specifics. The Times, which has popular word…
By David Shepardson, Eric M. Johnson and Tim Hepher WASHINGTON/SEATTLE (Reuters) -Qatar Airways handed Boeing Co a record launch order for 34 new 777X freighters and a surprise purchase of 737 MAX passenger jets on Monday, in a $30 billion-plus package as President Joe Biden hailed the Gulf state as a major U.S. ally. The…
By David French (Reuters) – U.S. stocks closed higher on Monday, at the end of a volatile month for Wall Street where the tech-heavy Nasdaq narrowly avoided its worst ever start to the year and the S&P 500 recorded its weakest January performance since 2009. Valuations of growth and technology stocks have come under increasing…
(Reuters) – Members of the Sackler family who own Purdue Pharma LP are nearing an agreement to boost their more than $4 billion offer to resolve sprawling opioid litigation after negotiating with states that had objected to terms of the OxyContin maker’s bankruptcy reorganization, according to a court filing. Sackler family members and states objecting…
MEXICO CITY (AP) — Mexico’s economy entered a technical recession at the end of last year with two consecutive quarters of contraction despite annual growth of 5% for 2021. Continuing issues with the global supply chain have been a problem for Mexican assembly plants. Despite COVID-19 infections falling late last year and there being few…
By Chavi Mehta and Krystal Hu (Reuters) -Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners, which are seeking to tap the pandemic-driven boom in cloud computing. The company said its shareholders would get $104 per share, implying…
DETROIT (AP) — Some of Tesla’s loyal band of devotees and CEO Elon Musk say the White House has been unfairly snubbing America’s top-selling electric vehicle brand in its support for EVs as a way to fight climate change — and they’re making their discontent known. More than 33,000 people have signed a petition on…
(Reuters) – The New York Times Co said on Monday it had acquired Wordle, a website-only word game that has seen a recent surge in popularity. (Reporting by Tiyashi Datta in Bengaluru; Editing by Anil D’Silva)
By Jonnelle Marte, Howard Schneider and Ann Saphir (Reuters) – Federal Reserve policymakers are set on raising interest rates in March but spoke cautiously on Monday about what might follow, signaling this rate hike cycle may not come with the same sort of hand-holding and guidance that markets have come to expect. Several Fed officials…
