Category: Business

U.S. private equity firm Silver Lake is in advanced talks to acquire a minority stake in the commercial activities of New Zealand Rugby, home of the world-renowned All Blacks team, a source with knowledge of the negotiations said. The potential transaction was for a stake of “up to 15%” of the three-times winners of the […]

Business software maker Salesforce.com Inc said on Monday it had “taken action” to prevent its tools from being used by the U.S. Republican National Committee in ways that could lead to further violence around the country’s presidential transition. “We are all deeply troubled by the terrible events of January 6,” Salesforce said, referring to supporters […]

Ford Motor Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about $4.1 billion as the COVID-19 pandemic amplified the company’s under use of its manufacturing capacity. Production will cease immediately at Ford’s plants in Camaçari and Taubaté, with some parts production continuing for a […]

Pilgrim’s Pride Corp and Tyson Foods Inc said on Monday they have settled price-fixing litigation by a group of poultry buyers that accused them of violating U.S. antitrust law by conspiring to inflate chicken prices. Pilgrim’s Pride, owned mainly by Brazil’s JBS SA, will pay $75 million to settle claims by purchasers that bought chickens […]

Wall Street’s main indexes closed lower on Monday as investors took some profits after last weeks’ records while they waited for earnings season to begin and eyed events in Washington with trepidation. U.S. stocks had rallied last week as investors bet that Democrats’ win of Georgia runoff elections would bring a higher likelihood of a […]

Amazon.com Inc said Monday its political action committee would suspend contributions to U.S. lawmakers who voted against President-elect Joe Biden’s electoral certification last week. “Given the unacceptable attempt to undermine a legitimate democratic process, the Amazon PAC has suspended contributions to any member of Congress who voted to override the results of the U.S. presidential […]

Philippine mobile wallet GCash has raised more than $175 million in capital from New York-based private equity fund Bow Wave Capital Management, the financial technology arm of Globe Telecom Inc said. The capital injection raises the valuation of GCash to close to $1 billion, according to Globe’s disclosure to the stock exchange on Monday. Bow […]