exits
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Markets have mostly been on a random walk in Asia, punctuated by reports embattled Canadian Prime Minister Justin Trudeau might announce his resignation as early as today. The muted market reaction suggested the news…
By Milana Vinn, Echo Wang and Carolina Mandl NEW YORK (Reuters) -Blackstone expects an improved environment for mergers and acquisitions and a pickup in the market for initial public offerings to help the buyout giant sell and exit more than twice the number of private equity investments in 2025, a…
Independent luxury brands face pressure to sell or seek investment amid the market downturn.Even the biggest and most successful independent brands with cult followings are under pressure.Experts say we will likely see more brands consolidate as the industry slows.Sell up or get out.It’s a decision some independent luxury brands are…
Mira Murati, OpenAI’s chief technology officer, earlier announced her departure from the company.Now, CEO Sam Altman revealed two other executives, Barret Zoph and Bob McGrew, are also leaving.Altman also outlined their replacements in a note to staff. Mira Murati announced on Wednesday that she’s leaving OpenAI, where she was chief…
By Joe Brock, David Shepardson and Tim Hepher (Reuters) – Boeing (NYSE:) said on Friday the head of its troubled space and defense unit is leaving the company immediately, in the first management change under new CEO Kelly Ortberg. Ortberg who took over in August said Ted Colbert would be…
By Terje Solsvik and Marie Mannes OSLO (Reuters) -SAS said on Wednesday it has exited U.S. Chapter 11 bankruptcy proceedings, with the Scandinavian airline’s CEO hailing a “new era” with a stronger balance sheet and new owners. Sweden-based SAS restructured debt of more than $2 billion, adjusted its fleet and…
Goldman Sachs has named tech veteran John Madsen as its chief technology officer, Business Insider has learned.Madsen’s appointment comes after Goldman lost its current CTO, Atte Lahtiranta, to Ken Griffin’s hedge fund, Citadel, Bloomberg first reported. Madsen, currently head of core engineering, will transition to CTO as Lahtiranta departs the…