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Business - Page 3

Overstock.com Transforms to Bed Bath & Beyond as Merger Deal Concludes

In a significant industry move, e-commerce giant Overstock.com has completed its merger deal with retail powerhouse Bed Bath & Beyond. As part of this transformative agreement, Overstock.com will undergo a brand overhaul…

by Alex Turner
June 29, 2023
Business

Netanyahu Says Intel to Invest $25 Billion in Israel Factory in Record Deal

Prime Minister Benjamin Netanyahu said on Sunday, calling the deal the most significant international investment in the country, U.S. chipmaker Intel Corp (INTC.O) will spend $25 billion on a new factory in…

by Nicole Kenny
June 20, 2023
Business

U.S. Federal Reserve Pauses Rate Hikes, But Signals More Tightening Ahead

The U.S. Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite “elevated” inflation. Still, it also indicated a sharp increase could be needed before the end of…

by Brielle Dudek
June 17, 2023
Business

Potential Olympics Sponsorship Deal Tests LVMH Heir Antoine Arnault

The final shape of LVMH’s likely Olympics sponsorship rests on Antoine Arnault, one of LVMH Chairman and CEO Bernard Arnault’s five children and heirs, in a high-profile deal that could test the…

by Alex Turner
June 15, 2023
Business

Goldman Sachs CEO David Solomon Warns of Pain Ahead for Commercial Real Estate

The commercial real estate sector has long been considered a cornerstone of the global economy, providing office spaces, retail outlets, and industrial facilities that drive business growth. However, recent warnings from prominent…

by Nicole Kenny
June 13, 2023
Business

Japans Mitsubishi Electric to Build India Plant for $231 Mln

The Indian arm of Japans Mitsubishi Electric Corp (6503.T) said on Tuesday it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil…

by Brielle Dudek
May 12, 2023
Business

From business to politics: Mike Bloomberg’s journey to becoming Mayor of New York City

Q: What led you to become involved in politics and ultimately serve as the Mayor of New York City? A: My interest in public service dates back to my youth. I grew…

by Alex Turner
May 4, 2023
Business

Geely’s E.V. Brand Zeekr Jumps on the Gigapress Bandwagon

Geely’s E.V. brand Zeekr is the latest to join a growing list of automakers that have turned to the “gigapress” die-casting technique pioneered by Tesla to slash the cost of electric cars.…

by Brielle Dudek
April 28, 2023
Business

Apple CEO Tim Cook and Bharti Chairman Sunil Bharti Mittal Discuss Potential Collaborations During India Visit

Apple CEO Tim Cook met with Bharti Chairman Sunil Bharti Mittal on the final day of his visit to India. The meeting took place at Bharti’s headquarters in New Delhi and focused…

by Nicole Kenny
April 21, 2023
Business

ZA Bank Aims to Become Top Bank for Cryptocurrency Startups in Hong Kong

ZA Bank, the first virtual bank in Hong Kong, is making a big push to become the go-to bank for cryptocurrency startups. The company is aiming to become a leader in the…

by Nicole Kenny
April 19, 2023
Business
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