Tag: business news
EU Set to Approve Saudi-Led Consortium’s $55 Billion Acquisition of Electronic Arts
The European Union is poised to approve a $55 billion takeover of Electronic Arts by a Saudi-backed investor group, sources say.
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SK hynix Shares Plummet 15% in South Korea Following Strong U.S. Market Debut
SK hynix shares fell sharply by over 15% in South Korea despite a robust $26.5 billion debut on the U.S. stock market last week.
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Xbox Head Asha Sharma Joins US Federal Reserve Working Group on Monetary Policy
Asha Sharma, CEO of Xbox, has been appointed to a Federal Reserve working group focused on productivity and employment.
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Samsung’s 19-Fold Operating Profit Surge Fails to Boost Stock Prices
Despite reporting a 19-fold increase in operating profit, Samsung’s shares fell 6.8% as investors seemed unimpressed by the surge.
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Intel’s 18A-P Process Enters Pilot Production, Boosting ASML Shares to Yearly High
Intel’s move to pilot production of its 18A-P process propels ASML shares to a 52-week high, reflecting industry optimism on next-gen chip manufacturing.
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SpaceX Valuation Surpasses $2 Trillion, Outpacing Tesla and Closing in on Amazon
SpaceX’s market value soared past $2 trillion following a strong debut, surpassing Tesla and ranking as the sixth-largest U.S. company by capitalization.
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TSMC Increases Employee Bonuses by Over 30% Following Workforce Unrest
TSMC has raised employee bonuses by more than 30% amid labor tensions, ahead of union negotiations seen at Samsung Electronics.
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Samsung Chairman Apologizes to Customers Amid Threat of Major Worker Strike
Samsung’s chairman issued an apology to global customers as a potential strike involving up to 50,000 employees threatens the chipmaker’s operations.
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Nvidia CEO Jensen Huang’s Earnings Decline by 27% Due to Slower Stock Growth
Nvidia founder and CEO Jensen Huang saw a 27% drop in earnings last fiscal year as the company’s stock growth rate slowed.
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Canon Shuts Down Second Laser Printer Factory Amidst Market Pressures
Canon closes another laser printer manufacturing plant, citing declining paper usage and rising competition from Chinese firms.
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GameStop Proposes $56 Billion Acquisition of eBay
GameStop offers $56 billion to acquire eBay, valuing the online auction giant at $125 per share, about 20% above Friday’s closing price.
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Apple Announces Leadership Change: John Ternus to Succeed Tim Cook as CEO
Apple names John Ternus as new CEO starting September 2026, with Tim Cook moving to executive chairman role in a planned leadership transition.
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