JAKARTA, INDONESIA – JANUARY 2: Citizens are seen crossing the street during rush hour in Jakarta, Indonesia on January 2, 2023. Firdaus Wajidi | Anadolu Agency | Getty Images Southeast Asia’s IPO market is displaying promising signs despite a worldwide slowdown in IPO activity during the first half of 2023, as per a new report …
American and JetBlue flights prepare to take off at Los Angeles International Airport, Jan. 11, 2023. Carolyn Cole | Los Angeles Times | Getty Images JetBlue Airways stated on Wednesday that it will terminate its partnership with American Airlines in the northeastern U.S. following a federal judge’s order to end the agreement. JetBlue’s attention will …
Jenny Craig, the weight loss giant that recently declared bankruptcy and announced its closure, has surprised everyone by announcing some “big news” on its website: “Jenny Craig will be coming to your home this fall.” This exciting development is made possible by Wellful, the owner of Nutrisystem, which acquired the Jenny Craig brand. MarketWatch reports …
Two individuals proudly display their Shein bags as they enter the first physical store of the Chinese fast fashion giant in Madrid, Spain, on June 2, 2022. Image: Cezaro De Luca | Europa Press | Getty Images Shein, the renowned Chinese fast fashion brand, has refuted a recent Reuters report claiming that it has secretly …
The Japanese Investment Corporation (JIC) has presented a proposition to acquire JSR, a crucial chip company in Japan, for a staggering $6.3 billion. Akio Kon | Bloomberg | Getty Images A fund supported by the Japanese government has made plans for a $6.3 billion purchase of JSR, a major player in the semiconductor material industry. …
The acquisition of Tuffnells by gig economy rival Shift has resulted in the loss of over 2,000 jobs. Tuffnells, once a prominent delivery company with a rich history dating back to 1914, had been struggling with increasing costs and fierce market competition. Shift, founded by entrepreneur Jacob Corlett in 2017, operates a more efficient delivery …
Microsoft’s acquisition of Nuance Communications, an artificial intelligence company utilized by the NHS, is currently under scrutiny by the competition regulator. The Competition and Markets Authority (CMA) has raised inquiries with Microsoft and has interviewed customers and competitors regarding the takeover. Although Microsoft has yet to file with the regulator, the CMA will have 40 …
David Ricks, CEO, Eli Lilly Scott Mlyn | CNBC Eli Lilly announced on Tuesday that it has entered into a strategic deal valued at $2.4 billion to acquire Dice Therapeutics . This strategic move will strengthen Eli Lilly’s treatment portfolio for immune-related diseases. The deal will involve Eli Lilly acquiring Dice Therapeutics at a price …
Elon Musk has compared Twitter to a bustling “town square” and made promises to restrict censorship, combat spam bots, and verify more user identities. In a letter sent to Mr. Musk last Friday, Julian Knight, the chair of the parliamentary Committee on Digital, Culture, Media, and Sport, expressed interest in Musk’s proposed acquisition of Twitter. …
A banner for Cava, a Mediterranean restaurant chain, is proudly displayed outside the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023, in New York City. Image Credit: Spencer Platt | Getty Images Cava, the Mediterranean restaurant chain, experienced a remarkable surge of up to 117% in its market debut …