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Vista, Blackstone buying software maker Smartsheet for about $8.4 billion
Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash. Vista and Blackstone said Tuesday that they will pay $56.50 per Smartsheet Inc. share. The agreement includes a 45-day “go-shop” period during...
Struggling Jeep and Ram maker Stellantis is searching for an new CEO
DETROIT (AP) — Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it's just part of a normal leadership succession plan. Tavares has been under fire from U.S. dealers and the United Auto Workers union after a dismal...
The AI boom may give Three Mile Island a new life supplying power to Microsoft's data centers
HARRISBURG, Pa. (AP) — The owner of the shuttered Three Mile Island nuclear power plant said Friday that it plans to restart the reactor under a 20-year agreement that calls for tech giant Microsoft to buy the power to supply its data centers with carbon-free energy. The...
Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?
NEW YORK (AP) — For all the debate about just how rich former President Donald Trump is, one thing is clear: His ownership stake in Trump Media & Technology Group makes him a billionaire. The company behind the Truth Social platform is worth more than $3 billion on Wall Street,...
Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business. CEO Pat Gelsinger said in a message to employees late...
UAW's rift with Stellantis raises fear that some US auto jobs could vanish
STERLING HEIGHTS, Mich. (AP) — To Ruth Breeden, whose job is to assemble Ram trucks in this Detroit suburb, a simmering dispute between the United Auto Workers union and Stellantis isn't merely about whether her employer will reopen a distant factory in Illinois. To her, the standoff is a danger...
Campbell wants to say goodbye to the 'soup' in its name. It isn't the first to make such a change
NEW YORK (AP) — Campbell is ready to drop the soup — at least from its official name. Campbell Soup Co. announced its intention to change its name at an annual meeting of investors on Tuesday. The 155-year-old food seller, which is most famous for its namesake canned soups, says...
A mural honoring scientists hung in Pfizer's NYC lobby for 60 years. Now it's up for grabs
NEW YORK (AP) — A mural honoring ancient and modern figures in medicine that has hung in the lobby of Pfizer’s original New York City headquarters for more than 60 years could soon end up in pieces if conservationists can’t find a new home for it in the next few weeks. ...
As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
FRANKFURT, Germany (AP) — Volkswagen is considering closing some factories in its home country for the first time in the German automaker's 87-year history, saying it otherwise won't meet the cost-cutting goals it needs to remain competitive. CEO Oliver Blume also told employees...
Tennis attire is everywhere. Credit the pandemic, social media and pickleball
While tennis fans savor the last matches of the U.S. Open, a subset of spectators and TV viewers have watched the year's final Grand Slam tournament as a source of fashion inspiration they can use to serve looks off the court. It may have escaped people who don't pay attention to...
