Office Depot’s parent, ODP, has concluded that a sale of its retail and consumer-facing e-commerce operations to Staples or a joint venture is preferable to a full takeover, according to a letter reviewed by The Wall Street Journal.
Microsoft is among a group of companies that will invest more than $2 billion in San Francisco-based Cruise, which has been majority owned by GM since early 2016. The financing brings Cruise’s valuation to $30 billion.
The Las Vegas-based casino operator made a bid for Entain by offering 0.6 of its shares for each Entain share, worth £8.09 billion.
The delivery company seeks to address the overlap resulting from operating two European networks connecting similar geographies.
Faulty software set back a bid by the world’s largest car maker for electric-vehicle dominance.165
The federal appeals court ruling could undo a Trump administration bid to give states and utilities more flexibility in how they cut greenhouse-gas emissions, and gives the incoming Biden administration an opening to reset rules for addressing climate change.
Carlos Tavares outlined his vision for the newly combined auto maker, saying he would preserve factories, draw more distinctions between brands and reassess troubled operations in China.
