Microsoft and Activision Blizzard Still Committed to $75 Billion Merger
The companies plan to continue work to resolve lingering regulatory issues. Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Meta, Microsoft Team Up to Offer New AI Software for Businesses
The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft’s Azure cloud-computing...
Lockheed Martin Projects Higher Sales as War Boosts Orders
The defense giant raised its sales guidance as the war in Ukraine is driving orders for missiles. Source link
The Man Charged With Steering the Yuan Through China’s Economic Turmoil
Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link
U.S. Companies Score Partial Reprieve From Global Minimum Tax Deal
Changes to the deal will delay or reduce taxes set to be paid to foreign countries. Source link
Restricting Chip Sales to China Could Backfire on U.S., Industry Group Says
The potential limits threaten to undermine new government investments in chip-making in the U.S., the Semiconductor Industry Association warns. Source...
Russia Says It Is Pulling Out of Ukraine Grain Deal
The Kremlin said the deal had been “terminated” but that Russia would rejoin the agreement if its demands were met....
China’s Economy Barely Grows as Recovery Fades
China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June,...
Tom Cruise’s New ‘Mission: Impossible’ Falls Short of Other Summer Hits
The film’s opening-weekend results lagged behind the performances of Spider-Man and other franchises. Source link
Call of Duty Will Stay on PlayStation After Microsoft-Activision Deal
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A Buoyant Global Economy Is Starting to Sag
Manufacturing activity is weakening, Europe has slipped into a mild recession, China’s rebound from Covid-19 is sputtering and heavy debt...
Markets Appear Convinced the Fed Can Pull Off a Soft Landing
Stocks surged this past week on evidence that inflation is cooling. Source link
United Pilots Would Get Raises of Up to 40% Under Preliminary Deal
The pact follows agreements at Delta and American that included significant raises for pilots. Source link
Canada Woos American H-1B Visa Holders Fed Up with U.S. Immigration System
A move to start offering work permits to foreigners on U.S. H-1B visas seizes on the frustrations of many in...
Economists Are Cutting Back Their Recession Expectations
Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link
Weeks of Extreme Heat Strain Small Businesses and Economy
July 15, 2023 12:01 am ETListen to article(2 minutes)Heat waves stretching across large parts of the globe are straining power...
FTC Loses Latest Bid to Halt Microsoft-Activision Merger
An appeals court ruling clears a path for the $75 billion acquisition to close while litigation continues. Source link
Zuckerberg Channeled ‘OG Mark’ to Fast-Track Secret Effort That Became Threads
The launch of Threads was the culmination of a secretive, monthslong effort aimed at rewriting the narrative about Meta Platforms...
Eli Lilly to Acquire Obesity-Treatment Maker Versanis
Versanis shareholders could receive as much as $1.925 billion in cash, in an upfront payment and additional payments if certain...
Drones Reach Stratospheric Heights in Race to Fly Higher, Longer
New military and commercial craft aim to go far higher than jumbo jets and stay there for months, offering a...
