(Reuters) -Apple is stepping up its succession planning efforts as it prepares for Tim Cook to step down as chief executive of the tech giant as soon as next year, the Financial Times reported on Friday. John Ternus, Apple’s senior vice president of hardware engineering, is widely seen as Cook’s most likely successor, the FT …
Apple intensifies succession planning for CEO Tim Cook, FT reports Read More »
By Harshita Mary Varghese and Dheeraj Kumar (Reuters) -Google’s YouTube and Walt Disney said on Friday they had reached an agreement to restore Disney-owned networks to YouTube TV, after a fee dispute left millions of subscribers without access to U.S. Election Day programming and major live sports events. The full line-up of Disney channels including …
Disney and YouTube TV reach deal ending weeks of disruption Read More »
By Anirban Sen NEW YORK (Reuters) -Wall Street’s largest hedge funds reduced exposure to some Magnificent Seven stocks, including Nvidia, Amazon, Alphabet and Meta, in the third quarter, while placing new bets in sectors such as application software, e-commerce and payments, according to the latest quarterly disclosures from the funds. Here are key position changes …
Factbox-Some Wall St hedge funds trimmed megacap positions in 3rd quarter Read More »
By Anirban Sen NEW YORK (Reuters) -Wall Street’s largest hedge funds reduced exposure to “Magnificent Seven” stocks including Nvidia, Amazon, Alphabet and Meta in the third quarter, while taking new positions in application software, e-commerce and payments companies, according to regulatory filings on Friday. During the quarter ended September 30, several funds also reduced their …
US hedge funds trim stakes in ‘Magnificent Seven’ stocks in third quarter Read More »
(Reuters) -Paramount Skydance on Friday said it has agreed to sell its shares in the entities that control Chilean free-to-air TV channel Chilevision to Vytal Group. The sale is part of Paramount Skydance’s strategy to streamline its global portfolio and expand direct-to-consumer services in key Latin American markets. The deal will be led by a …
Paramount Skydance to sell Chilevision to investor group Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Starboard Value has liquidated its position in Pfizer, according to a regulatory filing on Friday, ending its push for changes aimed at boosting the drugmaker’s share price. Starboard sold roughly 8.5 million Pfizer shares during the third quarter, according to its 13-F filing which details asset managers’ …
Activist Starboard sells Pfizer stake after pushing for changes Read More »
(Reuters) -Guatemalan firm Castillo Hermanos acquired U.S.-based Harvest Hill, maker of beverages such as SunnyD, for $1.4 billion, the U.S. Deputy Secretary of State Christopher Landau announced on Friday on social media. Landau made the announcement on X, a day after the U.S. and Guatemala announced a framework trade agreement to remove U.S tariffs on some foods …
By Jonathan Stempel (Reuters) -Berkshire Hathaway revealed a $4.3 billion stake in Google parent Alphabet and further reduced its stake in Apple, detailing its equity portfolio for the last time before Warren Buffett ends his 60-year run as chief executive officer. In a filing on Friday with the U.S. Securities and Exchange Commission, Berkshire said …
Berkshire reveals new $4.3 billion Alphabet stake, sells more Apple Read More »
WASHINGTON (Reuters) -A final plea by Alphabet’s Google to avoid a breakup of its advertising technology business in a U.S. court has been moved to November 21, the court said. Closing arguments for the Google trial were previously scheduled for Wednesday, according to a notice from U.S. District Court Judge Leonie Brinkema in Alexandria, Virginia. …
Google ad tech antitrust trial closing arguments moved back Read More »
(Reuters) -Alphabet’s Google said on Friday it would invest $40 billion in three new data centers in Texas, as part of its push to expand capacity for artificial intelligence initiatives. The investment, which will be made through 2027, underscores the intensifying competition among AI and cloud service providers to build infrastructure capable of supporting advanced …
Google plans $40 billion Texas data center investment amid AI boom Read More »
