businesses
By Linda Pasquini and Agata Rybska (Reuters) – Japan’s Seven & i Holdings received a buyout proposal from a member of its founding Ito family last week, a potential $58 billion white-knight bid which would see the company go private and allow it to continue operating under current management. Many global…
Oregon residents will soon vote on a corporate tax increase to give them a universal basic income.Businesses have spent millions to oppose the 3% tax on corporate sales over $25 million.Both Democrats and Republicans say the measure could harm the state budget and essential services. Oregon businesses are spending big…
But first, I think it’s time to leave.If this was forwarded to you, sign up here.The big storyQuitting ChinaAmerican businesses have worn out their welcome in China.US-China relations have been on shaky ground for a while, to put it mildly. But despite the growing animosity, US corporations’ push to sell…
By Tom Bergin, Lawrence Delevingne and Koh Gui Qing (Reuters) – Donald J. Trump’s golf club in Jupiter, Florida, where multi-million-dollar villas flank the greens of an 18-hole course, reflects the new geography of his family business. Long based in New York, the Trump Organization has gravitated recently to Florida’s…
A massive IT outage has taken its toll on some grocery stores, retailers, and fast-food giants around the world.Starbucks’ mobile-ordering system appears to be experiencing widespread issues in the US, with stores listing their order-ahead function as “not available.”One barista in Atlanta, whose identity has been verified by BI, said…
Businesses are embracing generative AI at an unusually fast pace. Now comes the messy part: Making money from these big investments.That’s the main takeaway from a new survey of the corporate world by consulting firm Bain & Company.It surveyed 200 US companies with at least $5 million in revenue. Half…
By James DaveyLONDON (Reuters) – Primark owner Associated British Foods (OTC:) has not done a good enough job of explaining to investors the strategic logic, growth potential and value of its food businesses and must do better, its chief executive told Reuters.As well as owning the fashion chain, the group…
The UK government recently announced a multimillion-dollar investment in advanced manufacturing. As part of this initiative, the Aerospace Technology Institute program will provide support for R&D projects through 2030. The funding is poised to benefit innovative small businesses across the industry. The UK government has announced a £975 million investment…
