The owners of nearly 200,000 BMWs should park their vehicles outside because they risk catching fire while parked or being driven, the National Highway Traffic Safety Administration announced Friday. The vehicle models affected include 2019-22 Z4; 2019-21 330I; 2020-22 X3; 2020-22 X4; 2020-22 530I; 2021-22 430I standard and convertible; 2022…
Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started 47 years ago citing a retreat from its campaigning spirit under parent company Unilever. Greenfield wrote in an open letter late Tuesday night — shared on X by his co-founder Ben…
Electronic Arts, maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired for $52.5 billion in what could become the largest-ever buyout funded by private-equity firms. The private equity firm Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners will pay EA’s stockholders…
A day of significant developments is underway across the globe, as a worrying signal from the Japanese bond market puts investors on high alert, the financial world mourns the sudden passing of a top executive, and a new chapter begins for one of the world’s most scrutinized airplanes.Here’s your one-stop…
In the quiet corridors of its design labs, far from the glare of public scrutiny, the American aviation giant Boeing has reportedly begun the monumental task of charting its future—a future that looks beyond its most infamous and troubled creation, the 737 Max. According to a new report from the…
Coty Inc. has begun a strategic review of its mass-market beauty business, which houses drugstore staples including CoverGirl, Sally Hansen, Max Factor, and Rimmel, and will consider selling or spinning them off, The Wall Street Journal reported on Tuesday. The company is evaluating the long-term role of these brands within…
The surprising strength that characterized the start of September has given way to a palpable sense of fear, as a dark cloud of uncertainty rolls in from across the Atlantic. European stocks opened firmly in the red on Tuesday, with investors unnerved by the ominous twin threats of a potential…
Indonesia’s new state farm company announced plans on Tuesday to invest 8 trillion rupiah ($479 million) by the end of next year. This investment will focus on building production capacity through the acquisition of modern farm equipment and the expansion of rice mills, according to the chief executive of the company.Agrinas…
After a sluggish stretch in 2022 and 2023, mergers and acquisitions are roaring back to life in 2025.Rising CEO confidence, stabilising interest rates, and pent-up strategic demand are fueling a new wave of dealmaking across sectors – from industrials to tech to healthcare.Private equity companies are sitting on record dry…
Asian markets delivered a mixed performance on Tuesday, with investors balancing optimism around Chinese policy support against growing concerns over a potential US government shutdown. Unless lawmakers reach a funding deal by midnight local time, the US faces a closure that could delay key economic data releases, including September employment…