News
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OpenAI's $110 billion funding round draws investment from Amazon, Nvidia, SoftBank
Feb 27 (Reuters) - OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish pace of investment in artificial intelligence. The funding round includes a $30 billion investment from SoftBank...Reuters
10 minutes ago
SA Competition Commission Approves IBM-Confluent Deal, Without Conditions
Feb 27 (Reuters) - SA Competition Commission: SA COMPETITION COMMISSION: APPROVED PROPOSED TRANSACTION WHEREBY NEC INTENDS TO ACQUIRE CSG, WITHOUT CONDITIONSSA COMPETITION COMMISSION: APPROVED PROPOSED TRANSACTION WHEREBY IBM INTENDS TO ACQUIRE CONFLUENT, WITHOUT CONDITIONSReuters
11 minutes ago
OpenAI’s Altman Tells Staff Co Working On A Deal That Might Help Solve The Impasse Between Anthropic And Pentagon - WSJ
Feb 27 (Reuters) - OPENAI’S ALTMAN TELLS STAFF CO WORKING ON A DEAL THAT MIGHT HELP SOLVE THE IMPASSE BETWEEN ANTHROPIC AND PENTAGON - WSJOPENAI’S ALTMAN TELLS STAFF GOING TO SEE IF THERE IS A DEAL WITH THE DOW THAT ALLOWS OUR MODELS TO BE DEPLOYED IN CLASSIFIED ENVIRONMENTS - WSJSource text: [https...Reuters
11 minutes ago
Belgian watchdog opens probe into Google's online ad price practices
Feb 27 (Reuters) - Belgium's competition watchdog said on Friday it had opened an investigation into the sale of online ads by Google GOOGL.O.The competition authorities said they had "serious indications" that Google's model for selling online ads was in breach of antitrust rules, a...Reuters
14 minutes ago
OpenAI CEO Says Will Continue To Do Our Work With Microsoft- CNBC Interview
Feb 27 (Reuters) - OPENAI CEO SAYS WILL CONTINUE TO DO OUR WORK WITH MICROSOFT- CNBC INTERVIEWOPENAI CEO SAYS STILL HAVE A LONG, STATELESS API EXCLUSIVITY WITH MICROSOFT- CNBC INTERVIEWOPENAI CEO ON ANTHROPIC-PENTAGON FEUD: DON'T PERSONALLY THINK THE PENTAGON SHOULD BE THREATENING DPA AGAINST TH...Reuters
23 minutes ago
CANADA RESEARCH ROUNDUP-Atco, George Weston, Trisura Group
Feb 27 (Reuters) - Securities analysts revised their ratings and price targets for several Canadian companies, including Atco, George Weston and Trisura Group, on Friday. HIGHLIGHTS Atco Ltd ACOx.TO: RBC raises target price to C$66 from C$59 Enerflex Ltd EFX.TO: TD Cowen raises target pr...Reuters
30 minutes ago
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0% higher at C$1.3673 to the greenback, or 73.14 U.S. cents, after trading in a range of 1.3663 to 1.3684.Canadian government 10-year bond yields CA10YT=R...Reuters
32 minutes ago
RPT-ANALYSIS-Restaurants emerge as bright spot for US job growth as consumers seek treats
U.S. restaurant jobs grew faster than overall payrolls in 2025Demand for cheap indulgences boosted growth at beverage chains, sit-down restaurantsCoffee-chain Dutch Bros grew headcount by a third in last two yearsBy Waylon Cunningham NEW YORK, Feb 27 (Reuters) - On paper, American consumers spent...Reuters
34 minutes ago
Target to remove synthetic colors from cereals by May-end
Feb 27 (Reuters) - Target TGT.N said on Friday it would sell only cereals made without certified synthetic colors by the end of May, becoming the latest retailer to tighten standards amid a crackdown on artificial dyes.The big-box retailer said it has worked closely with national and owned-brand par...Reuters
34 minutes ago
UK's Starmer vows to fight political 'extremes' after suffering vote defeat
Defeat increases pressure on unpopular PM StarmerStarmer calls the result 'very disappointing'Labour pushed into third place in previously safe seatGreen Party win first parliamentary by-election Result highlights fracturing of British politics By Andy Bruce and Andrew MacAskill MANCHESTE...Reuters
47 minutes ago
Amazon To Invest $50 Billion In OpenAI
Feb 27 (Reuters) - Amazon.com Inc AMZN.O:OPENAI AND AMAZON ANNOUNCE STRATEGIC PARTNERSHIPAMAZON - AMAZON WILL INVEST $50 BILLION IN OPENAIAMAZON: OPENAI AND AWS ARE EXPANDING THEIR EXISTING $38 BILLION MULTI-YEAR AGREEMENT BY $100 BILLION OVER 8 YEARSAMAZON - AWS WILL BE EXCLUSIVE THIRD-PARTY CLOUD ...Reuters
52 minutes ago
Arbor Realty Trust Q4 profit drops, but quarterly loan origination at 3-year high
OverviewReal estate investment trust's Q4 revenue was $1.54 bln; Net income drops, adjusted EPS missed analyst expectationsCompany declared a cash dividend of $0.30 per share and repurchased $20 mln of stock from Dec to FebCompany issued $400 mln in senior unsecured notes and unwound a CLO, gene...Reuters
52 minutes ago
VW receives preliminary bids for diesel engine business Everllence at around $9.4 billion, sources say
Bids exceed analysts' valuation estimates, Deutsche Bank projected 5-7 billion eurosPrivate equity firms and Yanmar among bidders for Everllence, sources sayVW aims to retain 30-40% stake, one of the sources saysBy Andres Gonzalez, Alexander Hübner and Christina Amann LONDON/MUNICH/BERLIN Feb...Reuters
54 minutes ago
EU fast-tracks trade deal with South America's Mercosur, to France's chagrin
Deal could remove 4 billion euros in duties on EU exportsFrance opposes due to impact on domestic farmersEU lawmakers challenge agreement, delaying full approvalBy Philip Blenkinsop BRUSSELS, Feb 27 (Reuters) - The European Union will provisionally apply a contentious free trade agreement with So...Reuters
59 minutes ago
Lululemon founder Wilson ramps up pressure on board amid proxy fight
Feb 27 (Reuters) - Lululemon Athletica LULU.O founder Chip Wilson has proposed to replace more than three directors on its board, a letter to shareholders showed on Friday, intensifying his push for changes at the struggling athletic wear maker.Wilson also urged Lululemon to immediately declassify i...Reuters
an hour ago
Ukraine may form joint ventures with allies to boost defences against ballistic missiles
Ukraine seeks to produce counter-ballistic systems independentlyZelenskiy criticizes delays in Patriot missile suppliesStarlink cut-off reduces Russian battlefield connectivityBy Max HunderKYIV, Feb 27 (Reuters) - Ukraine is considering forming consortia with its allies to build air defences capable...Reuters
an hour ago
