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Business

Elliott Management's Bold $1.2 Billion Stake in HPE Sparks Market Rally and Strategic Talks

Elliott Management acquires a $1.15 billion stake in Hewlett Packard Enterprise, leading to a 7% surge in HPE's shares and plans for strategic discussions to enhance shareholder va...

Business

Trump Accuses China of Retaliation in Trade War by Halting Boeing Jet Deliveries

President Trump criticizes China's halt on Boeing jet deliveries as a retaliatory move in the ongoing trade war, recalling past disputes and accusing China of targeting key US indu...

Business

Caterpillar Announces Joe Creed as New CEO, Marking a New Era Starting May 1

Caterpillar Inc. announces Joe Creed as its new CEO starting May 1, succeeding D. James Umpleby III who transitions to Executive Chairman. Creed, with 28 years at Caterpillar, brin...

Business

Exclusive: Canada Firmly Denies Rumors of Honda Shifting Production to the US Amid Tariff Tensions

Canada's Minister Anita Anand denies rumors of Honda moving production to the US, emphasizing ongoing discussions with Honda Canada. Reports had suggested the move was due to US ta...

Business

Citigroup Reports a 3% Revenue Growth to $21.6 Billion in Q1 2025, Highlighting Strong Financial Performance

Citigroup Inc. reports a 3% revenue growth to $21.6 billion in Q1 2025, with net income up 21% and diluted earnings per share increasing by 24%. CEO Jane Fraser praises the quarter...

Business

Bank of America Surges Ahead: Q1 Net Income Jumps 11% to $7.4B, Beating Expectations

Bank of America announces an 11% increase in Q1 net income to $7.4B, with earnings and revenue surpassing expectations. CEO Brian Moynihan highlights strong performance across all ...

Business

Exclusive: Blackstone Teams Up with Vanguard and Wellington to Revolutionize Individual Investor Portfolios

Blackstone Inc. partners with Vanguard and Wellington Management to offer institutional-grade multiasset portfolios to individual investors, potentially revolutionizing retirement ...

Business

Caterpillar Announces Joe Creed as New CEO, Marking a New Era Starting May 1

Caterpillar Inc. announces Joe Creed as its new CEO effective May 1, with D. James Umpleby III transitioning to Executive Chairman. Creed, with 28 years at Caterpillar, is set to l...