(Reuters) – OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter. The terms, valuation and timing of the funding round have not yet been finalized and could still change, the report said. …
OpenAI in talks to raise new funding at $100 billion valuation – Bloomberg News Read More »
BERLIN (Reuters) – Generic drugmaker Stada has spun off its Russian business into a separate company called Nizhpharm, the Welt am Sonntag newspaper reported on Saturday, citing a spokesperson from the German company. Nizhpharm will operate independently and autonomously, the newspaper cited a spokesperson as saying. Stada declined to comment on the report. The private …
Germany’s Stada has spun off Russian business – newspaper Read More »
(Reuters) – Drugmaker GSK Plc said on Friday that it will cut U.S. list prices on asthma drug Advair, herpes drug Valtrex, and anti-epileptic medication Lamictal on Jan. 1, 2024. The price cuts come after several companies have already announced price decreases for insulins earlier this year as they worked to avoid potential penalties under …
GSK to cut US prices for Advair, Valtrex and Lamictal Read More »
FRANKFURT (Reuters) -A new investor lawsuit is claiming more than 700 million euros ($771.40 million) in damages from accounting firm EY for its role in auditing the books of Wirecard before its collapse in 2020, a shareholder group said. The 80,000-page suit represents 13,000 individual and institutional investors and was filed in a Munich court …
Wirecard investor lawsuit against EY filed in Munich Read More »
ROME (Reuters) – Meta Platforms, the parent company of Facebook, has become the latest tech company to be fined in Italy for breaches of a ban on the advertising of gambling. Meta has been fined 5.85 million euros ($6.45 million) in connection with profiles and accounts on Facebook and Instagram, as well as sponsored content …
Facebook’s Meta fined for breaches of Italian gambling ads ban Read More »
(Reuters) -Britain’s Competition Appeal Tribunal has upheld the antitrust watchdog’s findings that U.S.-based walkie-talkie maker Motorola Solutions was overcharging UK emergency services for its radio network Airwave, the Competition and Markets Authority (CMA) said on Friday. The tribunal had dismissed Motorola’s appeal, which claimed the antitrust regulator had erred in assessing the Airwave Network’s profitability …
UK antitrust regulator wins appeal over Motorola’s Airwave network probe Read More »
(Reuters) – Russia has bought out another 92 planes from foreign leasing companies, airlines and aircraft leasing company AerCap said. The planes have been bought out using money from Russia’s National Welfare Fund, 190 billion roubles ($2.06 billion) of which has been allocated for the purpose. Ownership will now pass to Russia’s state insurance company …
Russia completes buyouts of 92 foreign-owned planes Read More »
PRAGUE (Reuters) -A consortium of fund CVC Capital Partners and investor Jiri Smejc’s EMMA Capital will acquire Czech package delivery company Zasilkovna, the groups said on Friday. The CVC-EMMA consortium agreed to buy 100% of Packeta, the parent company of Zasilkovna, which has become a leading Czech parcel brand since starting operations in 2010 and …
CVC, EMMA Capital to acquire Czech package firm Zasilkovna Read More »
OSLO (Reuters) – Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company’s Africa operation said in a statement on Friday. Equinor is reshaping its international portfolio, announcing a sale on Friday of all assets in Azerbaijan …
Equinor takes stakes in 2 Angola oil exploration blocks Read More »
MILAN (Reuters) – Italian home appliance maker De’ Longhi has agreed to buy from its parent company a stake in high-end espresso machine manufacturer La Marzocco as it bets on coffee to pep up growth. Milan-listed De’ Longhi will spend $374 million to acquire 41.2% of La Marzocco from De’ Longhi Industrial, its parent company, …
De’ Longhi teams up with La Marzocco to boost coffee machine business Read More »
