By Nell Mackenzie LONDON (Reuters) -New hedge fund launches will ‘likely’ end the year at their lowest in 24 years amid tough fundraising conditions, hedge fund research firm Preqin said on Wednesday, based on numbers from the first three quarters of this year. By the third quarter of 2024, hedge fund managers opened 123 new …
New hedge fund launches set to hit 24-year low, Preqin says Read More »
By David Shepardson and Nora Eckert (Reuters) -General Motors said on Tuesday it will end robotaxi development at its majority-owned, money-losing Cruise business, a blow to the ambitions of the largest U.S. automaker which had made the advanced technology unit a top priority. The Detroit-based car company said it would no longer fund work on …
By Jody Godoy (Reuters) -A U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, in a win for the Federal Trade Commission that Kroger has said would likely scuttle the deal. The FTC argued at a three-week trial in Portland, Oregon, that the merger would eliminate head-to-head competition …
Kroger’s $25-billion deal for grocery rival Albertsons blocked by US courts Read More »
(Reuters) -Google has asked the U.S. government to break up Microsoft’s exclusive agreement to host OpenAI’s technology on its cloud servers, the Information reported on Tuesday. The conversation happened after the U.S. Federal Trade Commission asked Google about Microsoft’s business practices as part of a broader investigation, the report said, citing a person directly involved …
Google asks FTC to break up Microsoft’s cloud deal with OpenAI, the Information says Read More »
A look at the day ahead in European and global markets from Tom Westbrook Markets head into the release of U.S. inflation figures expecting they won’t get in the way of an interest rate cut next week. None of the economists polled by Reuters see core CPI topping 0.3% for November and anything at that …
By Jeffrey Dastin NEW YORK (Reuters) -Alphabet, the Google parent that has pioneered self-driving cars and quantum computing, is making its biggest bet much closer to home: online search. Applying artificial intelligence to the search business that made Google a household name remains the largest gambit for the company, Ruth Porat, Alphabet’s president and chief …
Google’s biggest bet is AI for search, investment chief says Read More »
By Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden touted his administration’s economic record and warned against a reprise of Republican “trickle-down economics” during Donald Trump’s second term in what could be his final speech on the economy at Washington’s Brookings Institution on Tuesday. In his speech, which comes a month after bruising election defeats …
Biden hails economic record, warns against Republican return to ‘trickle-down economics’ Read More »
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 top executive told Reuters. “IPO …
Blackstone sees North America private equity exits doubling next year Read More »
By John Geddie (Reuters) -The head of a powerful labour union opposing U.S. Steel’s sale to Japan’s Nippon Steel said he has not received assurances that the would-be owners are committed to ensuring the lasting success of the strategic U.S. firm. Nippon Steel’s $15 billion takeover bid has been criticised by both President Joe Biden …
Japanese takeover could spell long-term decline of U.S. Steel, union chief says Read More »
(Reuters) – Party City Holdco Inc is planning a second bankruptcy filing nearly two years after it filed for one in the U.S. as it runs out of cash to run operations, Bloomberg News reported on Tuesday. Woodcliff Lake, New Jersey-based Party City is behind on rent at some locations, the report said, citing people …
Party City mulling second bankruptcy filing, Bloomberg reports Read More »
