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3d ago

Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK

The company, based in San Jose, California, announced the plan after China joined the list of countries that had given a go-ahead for the acquisition.
Broadcom Headquarters Ahead Of Earnings Figures
Broadcom Headquarters Ahead Of Earnings Figures
3d ago

Biden and Xi’s meeting sent an important signal for U.S. business in China

It “demonstrates that full decoupling is off the table and that investment in China remains permissible, at least in non-sensitive industries,” one analyst said.
china USA relations politics politicians bilateral
china USA relations politics politicians bilateral
3d ago

Binance CEO steps down; crypto platform hit with record $4.3 billion in damages

The Treasury Department said Binance “willfully failed to report” more than 100,000 suspicious transactions from a host of sanctioned groups and countries, including Hamas and North Korea.
Binance founder and chief executive Changpeng Zhao.
Binance founder and chief executive Changpeng Zhao.
3d ago

House Democrats press IRS on probe into Puerto Rico tax breaks for wealthy investors 

The IRS had announced it was investigating about 100 cases involving possible tax fraud but has not released any new information, the lawmakers said.
The Capitol building in San Juan, Puerto Rico.
The Capitol building in San Juan, Puerto Rico.
3d ago

Tiger Woods’ new golf league delays start of the season by a year after venue's roof collapses

The TGL, which counts the PGA Tour as a partner, aims to create a prime-time indoor golf league to attract new fans to the sport.
Tiger Woods walks on the 18th hole during the second round of the Masters golf tournament at Augusta National Golf Club on April 8, 2023, in Augusta, Ga.
Tiger Woods walks on the 18th hole during the second round of the Masters golf tournament at Augusta National Golf Club on April 8, 2023, in Augusta, Ga.
4d ago

Thanksgiving week travel problems loom with thunderstorms, snow and tornadoes possible

Severe thunderstorms, snow, heavy rain and gusty winds will all be possible this week ahead of Thanksgiving. Atlanta, Chicago and New York are among the hubs that will be affected.
Weather over the continental United States on Nov. 20, 2023.
Weather over the continental United States on Nov. 20, 2023.

OpenAI employees threaten to quit en masse after former CEO Sam Altman joins Microsoft

Hundred of employees signed a letter calling on the board to step down or risk mass resignations if Altman and former President Greg Brockman weren't reinstated.
Sam Altman, then-CEO of OpenAI, in Paris.
Sam Altman, then-CEO of OpenAI, in Paris.

Warner Bros. drops price of Max subscription with ads as streaming fight rages on

A subscription to Max with ads typically costs $9.99 a month. Its Black Friday special is $2.99 a month.
Jeremy Strong, Sarah Snook, and Kieran Culkin in "Succession".
Jeremy Strong, Sarah Snook, and Kieran Culkin in "Succession".
4d ago

Toyota's credit business is fined $60M for saddling customers with overloaded loans

Toyota Motor Credit will return $48 million to customers and pay a $12 million penalty for tricking customers into products that were hard to cancel.
A Toyota dealership in California.
A Toyota dealership in California.

Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit

Vogt’s resignation follows a voluntary recall of 950 Cruise robotaxis and suspension of vehicle operations on public roads after a series of incidents.
Kyle Vogt, chief executive and chief technology officer of Cruise Automation Inc.
Kyle Vogt, chief executive and chief technology officer of Cruise Automation Inc.

UAW autoworkers officially ratified new contract, union says

The United Auto Workers said that employees at Ford, Stellantis and GM approved contracts with "record" increases in pay and benefits.
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center
United Auto Workers President Shawn Fain, middle, visits striking UAW Local 551 workers outside a Ford assembly center

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