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Business

“NIO Shares Jump After Unit Secures $1.9 Billion Investment”

“NIO’s shares in Singapore and Hong Kong surged after a unit of the Chinese electric vehicle maker secured a capital injection…” https://finance.yahoo.com/m/5f41df4f-9a28-32ee-85ac-4f1e41f77a45/nio-shares-jump-after-unit.html News behind paywall. Just know it’s good news for this company.

Business

“Advertising group suspends brand safety unit after Elon Musk’s antitrust lawsuit”

“The World Federation of Advertisers said Thursday that it’s suspending the operations of its Global Alliance for Responsible Media nonprofit initiative. GARM was started in 2019 in part to help advertisers avoid having their promotions show up alongside content they… Continue Reading…

Business

“Sony to lay off 900 workers from PlayStation division, or 8% of unit’s global workforce”

“Sony Interactive Entertainment on Tuesday said it will lay off about 900 employees in its PlayStation unit, or 8% of its global workforce, becoming the latest technology company to announce headcount trims… He added that employees across all of the company’s… Continue Reading…

Business

“Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal”

“Chipmaker Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a $4-billion deal to streamline its portfolio after the $69-billion purchase of VMware last year. The end-user computing… Continue Reading…

Business

“Ramsay, Sime Darby to Sell Hospital Unit for $1.2 Billion”

“Australia’s Ramsay Health Care Ltd. and Malaysian conglomerate Sime Darby Bhd. have agreed to sell their hospital unit to Columbia Asia Healthcare Sdn. for 5.7 billion ringgit ($1.2 billion), according to a stock exchange filing. …Columbia Asia’s main shareholders, TPG… Continue Reading…

Business

“Home Depot to Buy Former Unit HD Supply in $9.1 Billion Deal”

“Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart. Home Depot will buy all outstanding shares for about $56 apiece,… Continue Reading…

Real Estate

“Manhattan apartment sales tumble 46%, leaving 10,000 unsold units”

“Apartment sales in Manhattan plunged by 46% in the third quarter, as homebuyers continued to flow to the suburbs and Florida, according to new real estate reports. There are now about 10,000 apartments for sale in Manhattan, which would be… Continue Reading…