(Reuters) -Oracle named insiders Clay Magouyrk and Mike Sicilia as co-CEOs on Monday, replacing Safra Catz, who was at the helm of the cloud services provider for 11 years. Catz will remain with the company as vice chair of the board. Here are five things to know about Oracle’s new chiefs Magouyrk and Sicilia: Clay …
Factbox-Five facts about Oracle’s co-CEOs Clay Magouyrk and Mike Sicilia Read More »
By Arsheeya Bajwa (Reuters) -Oracle on Monday named insiders Clay Magouyrk and Mike Sicilia as co-CEOs, replacing Safra Catz, who was instrumental in shaping the company’s cloud strategy and thrusting it to the forefront of the ongoing AI boom with big contract wins. In her 11 years at the helm, Catz turned Oracle into a …
Oracle names insiders Clay Magouyrk, Mike Sicilia as co-CEOs in surprise move Read More »
(Reuters) – Saks Global, parent of upscale department store chain Saks Fifth Avenue, said it has begun a process to explore selling a minority stake in luxury retailer Bergdorf Goodman to help reduce debt, a spokesperson told Reuters on Monday. The stake sale in the high-end department store would help the company reduce debt, the …
Saks Global seeks to sell minority stake in luxury retailer Bergdorf Goodman Read More »
By Abigail Summerville -The ODP Corporation, which owns office supply retailers Office Depot and OfficeMax, agreed to be taken private by an affiliate of Atlas Holdings for approximately $1 billion, the companies said on Monday. Investment firm Atlas will pay $28 per share to buy ODP, which also owns ODP Business Solutions, representing a 34% …
Office Depot parent to be acquired by Atlas Holdings for $1 billion Read More »
By Courtney Rozen WASHINGTON (Reuters) -U.S. government agencies will be able to use Meta Platforms’ artificial intelligence system Llama, a senior administration official said, as the Trump administration pushes to integrate commercial AI tools into government operations. The General Services Administration, the government’s purchasing arm, will add Llama to its list of approved AI tools …
Meta’s AI system Llama approved for use by US government agencies Read More »
By Gabriel Araujo SAO PAULO (Reuters) -Brazil’s Embraer secured a landmark deal in its home market on Monday as LATAM Airlines announced a firm order for 24 E195-E2 aircraft, with purchase options for another 50, lifting the planemaker’s shares. The deal marks a long-awaited new order for Embraer’s second-generation jets in Brazil, whose government had been …
LATAM orders 24 Embraer E195-E2 jets, growing Brazil presence Read More »
By Mariam Sunny and Michael Erman (Reuters) -Pfizer said on Monday it would acquire drug developer Metsera in a deal valued at up to $7.3 billion, including future payments, as it seeks to gain a foothold in the fast-growing obesity treatment market. The global obesity drug market, projected to reach $150 billion by early 2030s, …
Pfizer doubles down on weight-loss treatments with up to $7.3 billion Metsera buyout Read More »
SYDNEY (Reuters) -Optus, Australia’s No. 2 telecom carrier, said on Sunday that a departure from regular processes on a network upgrade sparked a technical failure that disrupted emergency call services for 13 hours and has been linked to four deaths. There has been growing outcry in Australia over the glitch, which Optus said occurred during …
By Tim McLaughlin (Reuters) -Vistra CEO James Burke stands to receive about $340 million for helping lift the Texas-based utility from the ashes of bankruptcy nearly a decade ago to become the hottest power producer in the United States. Vistra shares have returned about 450% since January 1, 2024, outpacing the S&P 500’s 42% gain …
Vistra CEO Burke poised for $340 million payout amid fossil fuel, nuclear revival Read More »
(This September 21 story is repeated without any changes to the text.) By Jeff Mason WASHINGTON (Reuters) -A U.S.-China agreement on TikTok’s U.S. operations includes China’s ByteDance choosing one of seven board members for the new entity, with Americans holding the six other seats, a senior White House official said on Saturday. President Donald Trump …
China’s ByteDance will get 1 of 7 board seats for TikTok’s US operations, official says Read More »
