deal
By Foo Yun Chee and Maggie Fick BRUSSELS/LONDON (Reuters) – EU antitrust regulators have asked pharma rivals and customers for feedback in four business areas in light of Novo Holdings’ planned $16.5 billion takeover of Catalent (NYSE:), people familiar with the matter said. Novo Holdings is the controlling shareholder of…
By Richa Naidu LONDON (Reuters) – Nestle (NS:)’s KitKat brand has signed a global sponsorship deal with Formula 1 as new Chief Executive Laurent Freixe seeks to change the way the world’s biggest food company markets its core, multi-billion-dollar brands. A senior executive told Reuters exclusively that the Formula 1…
David Ellison, Larry Ellison’s son, is set to take over Paramount. Not David Zaslav, the CEO of Warner Bros. Discovery.Zaslav wanted a deal to happen. He spent months talking to Paramount about it, according to a new SEC filing.The problem, per Paramount: Zaslav didn’t want to write a big check…
By Dan Catchpole and Allison Lampert SEATTLE (Reuters) -Boeing U.S. West Coast factory workers were voting on an improved contract offer on Monday that could end a seven-week strike and restart most jet production at the troubled planemaker. Boeing (NYSE:)’s latest offer includes a 38% wage increase spread over four…
By John Revill (Reuters) -Siemens announced a $10.6 billion deal to buy U.S. engineering software firm Altair Engineering overnight, cheering analysts who see it boosting the company’s presence in the fast-growing industrial software market. Still, there was some concerns about the high price Siemens paid for Michigan-based Altair. The offer…
By Lisa Barrington SEOUL (Reuters) – Chinese planemaker COMAC opened in Hong Kong its second office this week outside mainland China, a subsidiary said on Thursday, as the state-owned company tries to break into a global passenger jet market dominated by Western manufacturers. COMAC’s two commercial passenger planes are, with…
A mother is suing Character.AI after her son died by suicide moments after talking to its chatbot.Google’s parent company, Alphabet, is also named as a defendant in the case.Character AI’s founders were re-hired by Google as part of a deal reportedly worth $2.7 billion. Just moments before 14-year-old Sewell Setzer…
By Mike Spector, Nate Raymond and Chris Prentice (Reuters) – A Texas federal judge with a record of ruling in favor of conservative causes injected uncertainty into Boeing (NYSE:)’s agreement to plead guilty over two fatal 737 MAX plane crashes, seizing upon a single sentence in the deal about the…
By Daniel Catchpole, Allison Lampert and Matt McKnight SEATTLE (Reuters) -Boeing factory workers are voting on Wednesday on a new contract proposal that could end a more than five-week strike, in a crucial moment for the troubled planemaker as it wrestles with a deepening financial crisis. Some analysts have questioned…
Boeing and union leaders have reached a deal that could end a weekslong strike.The proposed deal includes a 35% general wage increase spread over four years.The strike, which began September 13, has halted much of Boeing’s production. Boeing and leaders from a union representing striking machinists have reached a deal…
