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BP’s U.S. chief quits amid turmoil at the top
BP (BP.L) announced on Friday that Dave Lawler, its top executive in the United States and head of its shale business, is leaving the company to pursue new career opportunities.…
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Wells Fargo sheds $2 billion of private equity bets to focus on core businesses
Wells Fargo announced on Friday that it had divested about $2 billion worth of its investments in private equity funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. The…
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Xerox buys back $542 million worth of shares from Carl Icahn
Xerox Corp. announced that it has agreed to buy back all the shares of its common stock owned by Carl Icahn, the company’s largest shareholder, and his affiliates for $15.84…
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Pennsylvania American Water agrees to acquire Appalachian Utilities
Pennsylvania American Water has agreed to acquire Appalachian Utilities Inc. Under the terms of the transaction, an affiliate of Pennsylvania American Water will merge with Appalachian and, subsequently, Appalachian will…
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Epic Games to cut 16% of workforce, sell Bandcamp and spin off SuperAwesome
Also Read: Disney buys $1.5bn stake in Epic Games with plans for ‘expansive’ Fortnite universe Epic Games, the maker of Fortnite and Unreal Engine, announced that it will lay off…
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Artificial Intelligence set to surpass internet: Altimeter Capital CEO Brad Gerstner’s predicts
New York City: In a high-profile appearance at the CNBC Delivering Alpha Investor Summit in New York City, Altimeter Capital's Chair and CEO, Brad Gerstner, delivered a resounding declaration that…
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Nexusflow raises $10.6M to bring generative AI to cybersecurity
Nexusflow, a startup that aims to help security teams make sense of cybersecurity data using generative AI, announced today that it has raised $10.6 million in a seed round of…
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UPS to buy MNX Global Logistics for healthcare expansion
UPS, the world’s largest package-delivery company, has announced that it will acquire MNX Global Logistics, a specialist in time-critical logistics for the healthcare industry and other sectors. The deal, which…
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Saudi Aramco makes first global LNG investment
Saudi Aramco, the world’s largest oil producer, has announced its first international investment in liquefied natural gas (LNG), a move that signals its ambition to diversify its energy portfolio and…
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Meta unveils new mixed reality headset, smart glasses and AI chatbots at Connect Event
Meta Platforms Inc (NASDAQ:FB) announced a slew of new products and features at its Connect developer conference on Wednesday, including the Quest 3 mixed reality headset, Ray-Ban smart glasses and…
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ECB experiments with AI for text, image, and code generation
The European Central Bank (ECB) is testing how to use artificial intelligence (AI) products to automate some of its tasks. Its “infinity team” is exploring how to generate text, images,…
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HSBC to buy Citi’s China wealth management business: Reuters
HSBC, Europe’s largest lender, is set to acquire Citigroup’s China consumer wealth management business, which manages more than $3 billion in assets, Reuters reported. The deal, which could be announced…