News
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Salesforce raises annual revenue forecast
May 28 (Reuters) - Salesforce CRM.N raised its revenue forecast for fiscal 2026 on Wednesday, as the enterprise software provider ramps up monetization of its artificial intelligence agents in a bid to reinvigorate growth. The company expects revenue to be between $41 billion and $41.3 billion, comp...Reuters
Wed, May 28
Hailey Bieber sells makeup brand Rhode to Elf Beauty in $1 billion deal
By Anuja Bharat Mistry May 28 (Reuters) - Model Hailey Bieber's makeup and skincare brand, Rhode, is being snapped up by Elf Beauty ELF.N for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millen...Reuters
Wed, May 28
Deals of the day-Mergers and acquisitions
May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday :** Chipmaker Advanced Micro Devices AMD.O said it has acquired Enosemi, a builder of photonic integrated circuits, to expand its co-packaged optics offerings across AI systems.nL3N3S01A...Reuters
Wed, May 28
MercadoLibre's fintech unit to apply for banking license in Argentina
SAO PAULO, May 28 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O said on Wednesday its fintech unit Mercado Pago will apply for a banking license from the central bank of Argentina.In a statement, Mercado Pago said the move is aimed at expanding "service offering within its 100%...Reuters
Wed, May 28
urban-gro Inc expected to post a loss of 24 cents a share - Earnings Preview
urban-gro Inc UGRO.OQ UGRO.O is expected to show a fall in quarterly revenue when it reports results on May 30 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 4.7% decrease in revenue to $17.945 million from $18.84 million a year ago, acco...Reuters
Wed, May 28
EXCLUSIVE-Cybersecurity provider Netskope taps Morgan Stanley for US IPO, sources say
By Echo Wang and Milana Vinn NEW YORK, May 28 (Reuters) - Cybersecurity firm Netskope has hired Morgan Stanley MS.N to lead preparations for a U.S. initial public offering that could raise more than $500 million, according to people familiar with the matter.Netskope is aiming to go public as earl...Reuters
Wed, May 28
Judge denies US Copyright Office director's request to halt her firing
By Blake Brittain May 28 (Reuters) - A federal judge in Washington, D.C., on Wednesday rejected U.S. Copyright Office Director Shira Perlmutter's emergency bid to block the Trump administration from firing her.U.S. District Judge Timothy Kelly ruled during a hearing that Perlmutter had not sh...Reuters
Wed, May 28
Global Payments to sell payroll unit to fintech Acrisure for $1.1 billion
Global Payments selling non-core units to streamline businessAcrisure bolsters payroll offerings with Heartland buyGlobal Payments to return proceeds to shareholdersBy Arasu Kannagi Basil and Pritam Biswas May 28 (Reuters) - Global Payments GPN.N said on Wednesday it would sell its payroll divisi...Reuters
Wed, May 28
US authorities arrest Mexican immigrant who allegedly threatened to shoot Trump
By Ted Hesson WASHINGTON, May 28 (Reuters) - U.S. immigration authorities arrested a Mexican immigrant who allegedly threatened to shoot President Donald Trump, the U.S. Department of Homeland Security said on Wednesday.The man, Ramon Morales Reyes, 54, allegedly sent a letter to a U.S. Immigrati...Reuters
Wed, May 28
REFILE-Cenovus Energy scales back non-essential staff from Foster Creek facility
May 28 (Reuters) - Cenovus Energy CVE.TO said on Wednesday it was scaling back non-essential workforce from its Foster Creek facility in response to wildfires in Northern Alberta.The Canadian oil and gas producer added that it was closely monitoring the evolving wildfire situation in the region and ...Reuters
Wed, May 28
US judge bars Trump from killing New York congestion program
May 28 (Reuters) - A judge on Wednesday blocked the U.S. Transportation Department from withholding federal funding from New York as the Trump administration seeks to kill Manhattan's congestion pricing program.U.S. District Judge Lewis Liman, who a day earlier had issued a temporary restraining...Reuters
Wed, May 28
Judge denies US Copyright Office director's request to halt her firing
By Blake Brittain May 28 (Reuters) - A federal judge in Washington, D.C., on Wednesday rejected U.S. Copyright Office Director Shira Perlmutter's emergency bid to block the Trump administration from firing her.U.S. District Judge Timothy Kelly ruled during a hearing that Perlmutter had not sh...Reuters
Wed, May 28
BP's Castrol unit draws interest from Apollo, India's Reliance, Bloomberg News reports
May 28 (Reuters) - BP's BP.L Castrol lubricants business is attracting interest from companies such as India's Reliance Industries RELI.NS, Bloomberg News reported on Wednesday, citing people familiar with the matter.The business has also attracted interest from buyout firms Apollo Global Ma...Reuters
Wed, May 28
Trump tells US chip designers to stop selling to China, FT reports
May 28 (Reuters) - President Donald Trump's administration has ordered U.S. firms that offer software used to design semiconductors to stop selling their services to Chinese groups, the Financial Times reported on Wednesday, citing several people familiar with the move.Reuters
Wed, May 28
Trump Orders US Chip Designers To Stop Selling To China - FT
May 28 (Reuters) - TRUMP ORDERS US CHIP DESIGNERS TO STOP SELLING TO CHINA - FTUS COMMERCE DEPARTMENT TOLD ELECTRONIC DESIGN AUTOMATION GROUPS, INCLUDING CADENCE, SYNOPSYS, SIEMENS EDA, TO STOP SUPPLYING THEIR TECHNOLOGY TO CHINA- FTSource text: [https://tinyurl.com/bdd2a3x2]Reuters
Wed, May 28
Trump nominates Emil Bove to serve as 3rd Circuit appeals court judge
May 28 (Reuters) - U.S. President Donald Trump posted on Truth Social on Wednesday that he was nominating Emil Bove, a lawyer who previously defended Trump in a criminal case stemming from hush money paid to a porn star, to serve as a judge on the United States Court of Appeals for the Third Circuit...Reuters
Wed, May 28
Implant maker Exactech may conclude bankruptcy without TPG settlement
By Dietrich Knauth May 28 (Reuters) - Attorneys for medical implant maker Exactech said at a Wednesday bankruptcy court hearing in Delaware that it is walking away from recent efforts to protect its owner TPG from lawsuits alleging that Exactech's knee implants were defective. Exactech had pl...Reuters
Wed, May 28
