NEW YORK — Fashion company Tapestry on Thursday said it’s terminating its proposed merger with Capri…
Mergers and acquisitions
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
NEW YORK — Shares of Spirit Airlines plunged Wednesday after the budget airline said that it…
Tapestry, Capri file notice to appeal court decision blocking their $8.5 billion merger
Tapestry and Capri Holdings have filed their notice to jointly appeal the decision by a U.S.…
The Biden administration is launching an investigation of competition in air travel
WASHINGTON — The Biden administration said Thursday it is launching a broad investigation into the state…
How the tiny Caribbean island of Anguilla has turned the AI boom into a digital gold mine
The artificial intelligence boom has benefited chatbot makers, computer scientists and Nvidia investors. It’s also providing…
PepsiCo lowers revenue forecast on weakening demand in the US
PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to pull back…
A state’s experience with grocery chain mergers spurs a fight to stop Albertsons’ deal with Kroger
Lawyers for Washington state will have past grocery chain mergers – and their negative consequences –…
Authorities arrest a relative of the King of Jordan and 3 others for $1M insider-trading plot
MIAMI — Authorities charged four men, including a relative of the King of Jordan, for conspiring…
Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go ahead
NEW YORK — The merger between entertainment giant Paramount and media company Skydance is set to…
Paramount extending ‘go shop’ period by 15 days so it can review Bronfman offer
Shares of Entertainment giant Paramount Global are up Thursday after announcing it would extend by 15…