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Interpublic Explores Sale of Digital Marketing Agency to Consulting Giant
TCS is the latest consulting firm pursuing acquisitions to bolster their work on Madison Avenue.
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BNP Paribas in Exclusive Talks for AXA's Investment-Management Arm
BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA and reach a long-term partnership for…
Reinstalled Gildan CEO Chamandy Wants to Make T-Shirts for Less
CEO Glenn Chamandy is focusing on ways to both optimize production by using underused capacity in places such as Latin…
Amazon Shares Slide as Spending Surges and Revenue Outlook Disappoints
The company projected weaker-than-expected revenue growth and said it would continue to ratchet up spending to meet anticipated demand for…
Delta CEO Says CrowdStrike Tech Outage Cost It $500 Million
The airline faced deeper disruption and took days longer than rivals to get back on track after the outage knocked…
Microsoft Stock Drops After Slight Miss in Cloud Growth
Sales for Microsoft’s main cloud business fell just short of expectations last quarter, causing the tech giant’s stock to tumble…
Standard General Agrees to Buy Out Bally
Hedge fund Standard General agreed to buy the balance of shares in casino chain Bally’s in a deal that values…
Universal Music Sheds $13 Billion in Market Cap After Streaming Revenue Disappoints
The record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming services well…
Kroger, Albertsons Agree to Pause Merger as FTC, State Challenges Proceed
Deal between the two grocery-store operators has faced regulatory scrutiny since it was announced in October 2022.