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Business

Banco BPM Rejects UniCredit's $14.8 Billion Takeover Bid as 'Inadequate'

Banco BPM has rejected UniCredit's $14.8 billion merger proposal, deeming it inadequate for its investors. Chairman Massimo Tononi cited unfulfilled conditions as a major concern. ...

Business

Meta Platforms Inc. Announces Significant Job Cuts in Reality Labs Division Amid Strategic Shifts

Meta Platforms Inc. has laid off employees in its Reality Labs division, primarily affecting Oculus Studios and some hardware teams. The restructuring aims to improve efficiency fo...

Business

Intel's Q1 Financial Report: Steady Revenue Amidst Challenges and Future Projections

Intel Corporation reported a steady Q1 revenue of $12.7 billion for fiscal year 2025, unchanged from the previous year, but faced a net loss of $0.8 billion. The company projects a...

Business

Alphabet Shatters Q1 Forecasts with a Staggering $90.23B Revenue Surge

Alphabet Inc. announces a 12% revenue increase to $90.23B in Q1 2025, with net income up 31.5% to $34B. Cloud and services revenue hit $12B and $32.6B, respectively. CEO highlights...

Business

BlackRock's CEO Larry Fink Expresses Renewed Confidence in UK Economy Under Starmer's Leadership

Larry Fink, CEO of BlackRock, expresses increased confidence in the UK economy under Prime Minister Keir Starmer, leading to billions in investments. Attractive asset discounts and...

Business

Intel's Q1 Financial Report Reveals Steady Revenue Amidst Challenging Times

Intel reports unchanged Q1 revenue at $12.7 billion but faces a net loss of $0.8 billion, with shares dropping 6.89% in after-hours trading. CEO Lip-Bu Tan outlines plans for recov...

Business

Meta Platforms Inc. Announces Significant Layoffs in Reality Labs Division Affecting Oculus Studios and More

Meta Platforms Inc. has laid off employees in its Reality Labs division, affecting Oculus Studios and hardware teams. The move aims to improve efficiency for future mixed reality p...

Business

T-Mobile's Fiscal 2025 Q1 Earnings Soar: Revenue Hits $16.9 Billion with Stellar Growth

T-Mobile US Inc. reports a 5% revenue increase to $16.9 billion in Q1 2025, with net income up 24.4% and significant customer growth across various segments.