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Getty’s $3.7 billion attempt to buy Shutterstock faces in-depth investigation in the UK

LONDON (AP) — Britain’s antitrust watchdog said Monday that it is escalating its investigation of plans by Getty Images to buy rival Shutterstock, stepping up scrutiny of the $3.7 billion deal that would create a visual content giant. The Competition and Markets Authority said that ...
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Buffett-owned utility warns of strained liquidity from wildfire trials

By Jonathan Stempel (Reuters) -A utility owned by Warren Buffett’s Berkshire Hathaway warned on Monday it could face strained liquidity and lose its investment-grade status after a judge sped up the pace of trials over the 2020 Labor Day weekend wildfires in Oregon. PacifiCorp has already ...
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Canada says it is launching dispute settlement proceedings against Stellantis

OTTAWA (Reuters) -Canada is launching dispute settlement proceedings against auto manufacturer Stellantis over its decision to shift production from a Canadian plant to one in the United States, Industry Minister Melanie Joly said on Monday. Stellantis said last month it would to move its ...
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UK regulator refers Getty-Shutterstock merger for an in-depth investigation

(Reuters) -Britain’s competition watchdog said on Monday it will launch an investigation into the proposed merger between U.S.-based Getty Images and rival Shutterstock after remedies offered by the companies failed to address its concerns. Getty and Shutterstock offered a “complex package of remedies” late in ...
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Hedge fund Millennium sells 15% stake to select investors, FT reports

(Reuters) -Millennium Management has sold a 15% stake to a group that included some of its largest institutional investors, the Financial Times reported on Monday, citing an email to staff. The equity investments were made through funds managed by Goldman Sachs’ Petershill Partners, the report ...
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Cisco launches localized computing device to handle AI workflows

(Reuters) -Cisco Systems launched a computing device on Monday that will run artificial intelligence workloads at local entities such as retail stores, factory floors and healthcare facilities, speeding up their AI data processing capabilities. The new platform, named “Cisco Unified Edge,” is an attempt ...
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US stock futures rise on AI optimism; Kimberly-Clark plunges after Kenvue deal

By Twesha Dikshit and Purvi Agarwal 2025 -Wall Street futures gained on Monday, kicking off November on firmer ground driven by optimism around AI demand and a U.S.-China trade truce, while Kenvue shares soared after Kimberly-Clark’s buyout deal. Kenvue jumped 21% in premarket trading after ...
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Fed’s Miran: Can’t judge stance of monetary policy from buoyant financial markets

WASHINGTON (Reuters) -Federal Reserve Governor Stephen Miran said it is wrong to put too much emphasis on the strength of equity and corporate credit markets in assessing monetary policy that he feels remains too restrictive and is heightening the risk of a downturn. “Financial markets ...
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Spanish black olive exporters urge EU to hit back on US tariffs

By Corina Pons MADRID (Reuters) -Spanish black olive exporters have called on the EU to hit back at steep tariffs imposed under U.S. President Donald Trump, using powers authorised last week by the World Trade Organization. On Wednesday, a WTO arbitrator issued a decision that allowed ...
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Microsoft enters approximately $9.7B contract with IREN that gives it access to Nvidia chips

Microsoft has entered into a $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia’s chips. The five-year deal, which includes a 20% prepayment, will help Microsoft as it looks to keep up with ...
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NATO member Romania signs agreement with Germany’s Rheinmetall to build a gunpowder plant

BUCHAREST, Romania (AP) — NATO member Romania signed an agreement Monday with German defense company Rheinmetall to build a gunpowder factory in central Romania, as Europe races to rearm itself in the face of an increasingly provocative Russia. After signing the deal, Prime Minister Ilie ...
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France threatens to block Shein over sale of childlike sex dolls ahead of Paris store opening

PARIS (AP) — French authorities have warned they may block access to Shein after it emerged that the online fast fashion giant had been selling sex dolls with a childlike appearance. France’s consumer watchdog, the Directorate General for Competition, Consumer Affairs and Fraud Control (DGCCRF), ...
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