Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
OpenAI creates new unit with $4 billion investment to aid corporate AI push
May 11 (Reuters) - OpenAI said on Monday it is setting up a new company with more than $4 billion in initial investment to help organizations build and deploy artificial intelligence systems, and will...
May 11, 2026
Fervo Energy eyes $7.4 billion valuation in upsized US IPO
May 11 (Reuters) - Geothermal power developer Fervo Energy said on Monday it was targeting up to a $7.37 billion valuation in its U.S. upsized initial public offering, underscoring strong investor int...
May 11, 2026
Swatch shareholder vote tests Hayek grip after advisers back Wood
By Alessandro Parodi May 11 (Reuters) - Swatch is bracing for a showdown at its annual meeting on Tuesday after proxy advisers came out in support of investor Steven Wood, challenging the Hayek family...
May 11, 2026
Shein accuses Temu of 'industrial scale' copyright breaches in UK legal battle
LONDON, May 11 (Reuters) - Online fast-fashion platform Shein accused Temu of copyright infringement "on an industrial scale", while Temu countered that Shein is using litigation to stifle competition...
May 11, 2026
Fox posts upbeat results on Tubi strength, higher distribution fees
By Jaspreet Singh May 11 (Reuters) - Fox Corp beat analysts' estimates for third-quarter revenue and profit on Monday, driven by robust growth in its Tubi streaming service and increased fees from cab...
May 11, 2026
EchoStar loses more pay-TV subscribers than expected amid cord-cutting
May 11 (Reuters) - Telecommunications services firm EchoStar posted a larger-than-expected decline in pay-TV subscribers for the first quarter, as cord-cutting pressures persist. The results highlight...
May 11, 2026
Alphabet, Amazon tap overseas debt markets to fund AI infrastructure push
TOKYO, May 11 (Reuters) - Big tech's borrowing spree to fund AI intensified on Monday as Alphabet disclosed plans for its first yen-denominated bond sale and Amazon prepared its debut Swiss franc offe...
May 11, 2026
Blackstone to acquire Greek e-commerce platform Skroutz from CVC
May 11 (Reuters) - Blackstone will acquire Greek e-commerce platform Skroutz from CVC Capital Partners Fund VII, CVC said on Monday. The deal values the Greek company, including debt, at about 635 mil...
May 11, 2026
EU says OpenAI offers to open access to cybersecurity model, Anthropic not there yet
BRUSSELS, May 11 (Reuters) - The European Commission on Monday welcomed an offer by U.S. artificial intelligence giant OpenAI to provide open access to its cybersecurity features, but said its rival A...
May 11, 2026
Morning Bid: 11 weeks and counting
By Mike Dolan May 11 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The Iran conflict is entering its 11th week - more than twice the len...
May 11, 2026
