Home Depot bulks up Pro-business with $18.25 billion deal for building products supplier SRS
By Deborah Mary Sophia, Savyata Mishra and Abigail Summerville (Reuters) -Home Depot will buy building materials supplier SRS Distribution in…
Author: The Trading Report
UBS sells $8 billion of Credit Suisse assets to Apollo
ZURICH (Reuters) – UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part…
GameStop shares fall as video game retailer faces competition, weak spending
(Reuters) -GameStop’s shares fell more than 14% on Wednesday, as the brick-and-mortar video game retailer reported a decline in fourth-quarter…
US FDA approves Merck’s therapy for rare lung condition
(This March 26 story has been corrected to remove reference to follicle-stimulating hormone, in paragraph 8) By Leroy Leo and…
Exclusive-First Quantum execs discuss investment, disputed copper with Chinese officials
By Julian Luk and Divya Rajagopal LONDON/TORONTO (Reuters) -Executives from Canadian miner First Quantum Minerals met with Chinese government officials…
New AI benchmark tests speed of responses to user queries
By Max A. Cherney SAN FRANCISCO (Reuters) – Artificial intelligence benchmarking group MLCommons on Wednesday released a fresh set of…
Lucrative foreign exchange trade sustained by low volatility
By Saqib Iqbal Ahmed NEW YORK (Reuters) -An unusual calm enveloping foreign exchange markets is extending the life of a…
Apollo offers $11 billion for Paramount’s Hollywood studio, source says
By Dawn Chmielewski (Reuters) – Private equity firm Apollo Global Management has offered $11 billion for Paramount Global’s Paramount Pictures…
Chipmaker Micron’s shares surge as AI boom drives strong forecast
By Arsheeya Bajwa and Harshita Mary Varghese (Reuters) -Memory chip maker Micron Technology tapped a surge in artificial intelligence adoption…
Nuclear fusion backers meet in US capital as competition with China looms
By Timothy Gardner WASHINGTON (Reuters) -Leaders in the emerging Western nuclear fusion industry are convening in Washington, D.C., this week…