Telecom Italia Backs KKR’s $20 Billion Offer for Network Assets
Telecom Italia has approved the sale of its fixed-line network to KKR , part of a plan by the former monopoly to reduce increasingly unmanageable amounts of debt.
LVMH to Buy Eyewear Brand Favored by the Stars
A deal for Barton Perreira comes as the luxury giant uses glasses to tap aspiring high-end shoppers.
Bain Close to Buying Guidehouse in $5 Billion Deal
The consulting firm spun off from PwC in 2018.
Tesla Raises Wages for German Workers Amid Union Pressure
European labor unions set their sights on the Elon Musk-led carmaker.
Elon Musk Unveils ‘Grok,’ a Snarky AI Bot With Lofty Ambitions
Billionaire says first product from his artificial-intelligence startup will eventually be available to subscribers on X.
Prudential Sales Jump Led by Hong Kong
Prudential said its nine-month sales rose 40%, led by gains in Hong Kong, with the group’s new business profit jumping to more than $2 billion.
Westpac Announces Buyback, Raises Dividend Following Strong Results
Westpac said its annual net profit rose by 26% underpinned by growth in key divisions, with the company launching a $980 million share buyback and increasing its dividend.
Washington Post Names Former Dow Jones Chief William Lewis as CEO
The appointment comes shortly after owner Jeff Bezos told staff he wanted the Post to return to profitability.
Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening
Apple, Estée Lauder and Canada Goose are among those feeling the pinch from the country’s consumer slump.
Warren Buffett’s Berkshire Hathaway Sits on Record $157 Billion Cash Pile
The conglomerate’s quarterly loss widened, stung by the stock market downturn.
Source: Dow Jones Newswires