International Companies
FTC probing OpenAI over consumer protection concerns
The US Federal Trade Commission (FTC) has launched an investigation into artificial intelligence (AI) company OpenAI over allegations of violating consumer protection laws and jeopardising personal reputations and data, it was reported on Thursday.
Delta Air Lines posts record quarterly profits, shares at 52-week high
Delta Airlines reported record quarterly sales and profits on the back of booming travel demand following the Covid-19 pandemic.
PepsiCo lifts guidance after strong second quarter
Drinks and snacks giant PepsiCo reported a solid second-quarter performance on Thursday, topping expectations and leading to an upward revision of its guidance for the second consecutive quarter.
ExxonMobil to buy Denbury in $4.9bn deal
ExxonMobil said on Thursday that it has agreed to buy oil and gas producer Denbury in an all-stock deal valued at $4. 9bn, or $89. 45 per share.
Eurozone industrial production ticks higher
Industrial production across the Eurozone nudged higher in May, official data showed on Thursday.
CMA says Microsoft can table a restructured takeover offer for Activision
The Competition and Markets Authority opened the door to a possible approval of Microsoft's takeover of videogame maker Activision Blizzard.
Bidding battle ensues for ICG unit With Intelligence
A takeover battle has ensued over With Intelligence, the provider of financial data to hedge funds.
Microsoft announces fresh job cuts
Microsoft initiated fresh job cuts at the start of its 2024 fiscal year in addition to the 10,000 redundacies already announced on 18 January.
Forcepoint to sell business unit to TPG
Security firm Forcepoint - which is backed by Francisco Partners - said on Monday that it has agreed to sell its Global Governments and Critical Infrastructure (G2CI) business to alternative asset management firm TPG.