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(Reuters) -Sycamore Partners is planning a three-way split of Walgreens Boots Alliance if a deal to take the struggling pharmacy chain private is reached, the Financial Times reported on Thursday, citing people familiar with the matter. Walgreens’ three businesses – U.S. retail pharmacy, Boots UK and U.S. healthcare – will be separated and have distinct …

Sycamore planning a three-way split of Walgreens after buyout, FT reports Read More »

WASHINGTON (Reuters) – The Federal Bureau of Investigation said on Wednesday that North Korea was responsible for the theft of approximately $1.5 billion in virtual assets from cryptocurrency exchange ByBit. The agency said it refers to this specific North Korean malicious cyber activity as “TraderTraitor.” “TraderTraitor actors are proceeding rapidly and have converted some of …

FBI says North Korea was responsible for $1.5 billion ByBit hack Read More »

By Chris Prentice NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has told unionized employees they will have to return to the office in mid-April, unless they have certain exemptions, according to a memo seen by Reuters. The move follows similar efforts at the agency with its non-union staff, as well as across the …

US SEC tells staff to return to office in move union calls illegal Read More »

(Reuters) -Three of Canada’s big five lenders – Royal Bank of Canada, TD Bank and CIBC – on Thursday beat analyst expectations for quarterly profit, boosted by strong wealth management and capital markets earnings.  Lower interest rates increased appetite for dealmaking, underwriting and other corporate banking activities while the wealth management business, a capital-light and …

Canada’s RBC, TD, CIBC top expectations on strong wealth, capital markets earnings Read More »

By Zaheer Kachwala (Reuters) -Shares of Salesforce fell more than 4% on Thursday after a downbeat annual revenue and profit forecast raised questions about when the enterprise cloud firm would start to show meaningful returns on its hefty artificial intelligence bets. Salesforce’s top boss, Marc Benioff, has made a big effort in recent years to …

Salesforce falls after weak annual forecast puts spotlight on AI monetization Read More »

(Reuters) -Microsoft has urged President Donald Trump’s team to ease export restrictions imposed on artificial intelligence chips in the closing days of the Biden administration, saying the measures should not extend to a group of U.S. allies. In a blog post published on Thursday, the tech giant said these rules disadvantaged allies, including India, Switzerland …

Microsoft urges Trump to overhaul Biden’s last AI-chip export curbs Read More »