Business

Paramount went hostile with its bid last week, asking shareholders to reject deal with Netflix The Warner Bros. water tower is seen at Warner Bros. Studios in Burbank, Calif., on Dec. 5. One of Hollywood’s oldest studios, Warner Bros. is telling shareholders to reject a takeover bid from Paramount Skydance. (Jae …

The Ford F-150 Lightning pickup truck is seen during a press event in New York City, U.S., May 26, 2021. REUTERS/Brendan (McDermid/File Photo)  NEW YORK ― Ford on Monday announced a major retreat from large electric vehicles, planning a write-off of about $19.5 billion over several years as it pivots toward …

A Mercedes electric UPS delivery truck is seen in London’s Mayfair shopping district, Britain, March 27, 2024. REUTERS/Lisa Baertlein/File  NEW YORK ― US authorities accused global delivery giant UPS of underpaying its seasonal workers, vital to meeting the demand of the annual glut of online shopping, according to a lawsuit filed …

Illustration shows Electronic Arts logo · Reuters  “BATTLEFIELD” maker Electronic Arts (EA) forecast fiscal 2026 net bookings below analysts’ estimates on Monday, as soft consumer spending and elevated console prices weigh on demand during a fiercely competitive holiday season. The Redwood City, California-based company expects net bookings of about $7.85 billion for …

TOKYO — Japan needs to take a niche approach to chip manufacturing — rather than trying to compete on scale and price — as it aims to revive its once-mighty chip industry, the chairman of telecom heavyweight NTT told Reuters in an interview. NTT is one of a number of major …

Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. REUTERS/Henry Romero/File Photo  HONG Kong’s Hang Seng Bank said on Monday an independent board committee found HSBC’s $13.6 billion take-private offer to be fair and reasonable, and recommended its minority investors vote in …

A man walks near a screen outside the Bombay Stock Exchange (BSE) in Mumbai, India, August 28, 2025. REUTERS/Francis Mascarenhas/File Photo  ICICI Prudential Asset Management’s $1.2 billion initial public offering (IPO) was fully subscribed on the second day of bidding on Monday, as institutional investors lined up for a piece …

The logo of China Vanke is displayed at a news conference in Hong Kong. The property developer is facing debt repayment deadlines. © Reuters  CHINA Vanke failed to secure bondholder approval to extend by one year a bond payment due on Monday, a filing showed, increasing the risk of default …

Associated Press  HONG KONG — Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that …

ServiceNow has become a dominant platform for enterprise workflow. PHOTO: BLOOMBERG SERVICENOW is in advanced talks to buy Armis, a cybersecurity startup that had been eyeing an initial public offering next year, in a deal that may be valued at as much as $7 billion, Bloomberg News reported on Saturday, …