MEMPHIS, Tenn. (AP) — FedEx plans to cut up to 6,300 jobs in Europe as it completes the process of combining its own operation with that of a Dutch delivery company it bought in 2016. FedEx said in a statement Tuesday that the cuts will take place over 18 months and include express-delivery operations and...
MILAN (AP) — The CEO of Stellantis, the carmaker created from the merger of PSA Peugeot and Fiat Chrysler, said Tuesday that the tie-up will help preserve jobs, factories and the 14 storied brands as billions in annual savings are achieved. Carlos Tavares told a virtual press conference just days after...
Lumentum Holdings will spend $5.7 billion in cash and stock to buy Coherent and expand its reach into lasers and photonics. The San Jose, California, company said Tuesday that it would pay a 49% premium to the closing price of Coherent shares on Friday. The deal includes $100 in cash and slightly more than one...
SAN RAMON, Calif. (AP) — Google has completed its $2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while U.S. government regulators pursue an antitrust case aimed at undermining its power. Thursday's completion of the acquisition comes...
NEW YORK (AP) — The Board of Hipgnosis Songs Fund Limited, a U.K.-based investment company, has acquired 100% of Grammy-winning superstar Shakira’s music publishing rights. Hipgnosis made the announcement Wednesday. Shakira’s catalog includes 145 songs, including “Hips Don’t...
CANBERRA, Australia (AP) — Australia’s treasurer on Wednesday declined to comment on whether he had intended to block a Chinese state-owned company’s takeover of an Australian-based construction company in a development likely to increase strain on bilateral relations. China State...
CHARLOTTE, N.C. (AP) — Visa Inc. on Tuesday called off its planned $5.3 billion purchase of payment-processing technology company Plaid, citing the Justice Department's antitrust lawsuit filed last year to block the deal. Plaid provides the infrastructure that allows consumers and businesses to make...
Think your dog deserves dessert? So does Ben & Jerry's. The venerable Vermont ice cream company said Monday it’s introducing a line of frozen dog treats, its first foray into the lucrative pet food market. Doggie Desserts, sold in 4-ounce cups, go on sale in U.S. groceries and pet stores later this...
UnitedHealth Group will spend nearly $8 billion in cash to add a health care technology company to its growing Optum business. UnitedHealth said Wednesday that it will add Change Healthcare to its OptumInsight segment and boost its ability to provide data analytics and revenue cycle management support, among...
MILAN (AP) — Shareholders of Fiat Chrysler and PSA Peugeot voted Monday to merge and create the world’s fourth-largest auto company which, its architects hope, can more readily take on an enormous technological shift in the industry. Addressing separate meetings, PSA Peugeot CEO Carlos Tavares and...