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Ferragamo family reiterates it is not interested in any “extraordinary” deals

MILAN (Reuters) – The Ferragamo family said on Friday it was not interested in any kind of “extraordinary transactions” involving the eponymous luxury company. According to traders, low stock prices have triggered speculation about possible mergers or acquisitions, sending shares up. ...
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BHP likely to appoint Geraldine Slattery as first female CEO, FT reports

(Reuters) – BHP Group is likely to appoint Geraldine Slattery, the miner’s current head of Australia, as its first female chief executive to replace current CEO Mike Henry, the Financial Times reported on Friday. Henry is expected to step down by ...
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Katie Keenan appointed as CEO of Blackstone Real Estate Income Trust

(Reuters) – Blackstone said on Friday it has appointed Katie Keenan as the CEO of its real estate income trust and global head of the Core+ business. Keenan succeeds Wesley LePatner in both roles she held until her tragic passing ...
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Farm Aid celebrates 40 years of supporting family farmers with a concert in Minneapolis

MINNEAPOLIS (AP) — Farm Aid — the annual fundraising concerts launched by Willie Nelson,Neil Young and John Mellencamp during the farm crisis of the 1980s — celebrates its 40th anniversary on Saturday in Minneapolis. The star-studded festivals are still raising public awareness of the challenges ...
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US stock futures steady, indexes on track for weekly gains; FedEx up

By Purvi Agarwal and Sukriti Gupta (Reuters) – U.S. stock index futures were steady on Friday, pausing after the main indexes rallied to record highs in the previous session, while parcel delivery firm FedEx rose after a quarterly results beat. FedEx gained ...
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China’s Huawei co-develops DeepSeek model, improves censoring

By Eduardo Baptista BEIJING (Reuters) – Chinese tech giant Huawei has co-developed a safety-focused version of artificial intelligence model DeepSeek that it said is “nearly 100% successful” in preventing discussion of politically sensitive topics. Chinese regulators have required domestic AI models and ...
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Angola to decide on $1 billion JPMorgan deal by November, says finance official

By Karin Strohecker and Libby George LONDON (Reuters) – Angola will decide by November whether to roll over its $1 billion total return swap from JPMorgan, or potentially raise the money on international capital markets, a senior debt official told Reuters. ...
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Southern California Edison, others reach settlement to recover $2 billion tied to wildfires

(Reuters) – Southern California Edison has reached a settlement agreement with several intervenors to allow the utility to recover about $2 billion of $5.6 billion in losses tied to the 2017–2018 wildfire and mudslide events. Out of the $2 billion, about ...
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SMBC raises stake in Jefferies to up to 20% with $912 million investment

By Anton Bridge (Reuters) – Japan’s Sumitomo Mitsui Banking Corp, the banking arm of Sumitomo Mitsui Financial Group, will invest a further 135 billion yen ($912.84 million) in U.S. investment bank Jefferies, the companies said in a statement on Friday. The move ...
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Intel’s Nvidia deal expected to be a mixed blessing for Asian chipmakers

By Wen-Yee Lee and Hyunjoo Jin TAIPEI/SEOUL (Reuters) – Nvidia’s $5 billion investment in Intel is a double-edged sword for Asian chipmakers such as TSMC as an Intel revival could ease U.S. scrutiny on its foreign rivals although it can boost ...
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FedEx shares rally as Wall Street cheers profit beat amid trade uncertainties

By Rashika Singh (Reuters) – Shares of FedEx climbed 5% in premarket trading on Friday, as investors cheered the parcel delivery major’s quarterly profit and revenue beat against a backdrop of tariff-related uncertainty and the end of the “de minimis” exemption ...
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China auto industry body to launch discrimination probe into US chips

BEIJING (Reuters) – The China Association of Automobile Manufacturers (CAAM) has launched an anti-discrimination probe into the impact on the auto industry of U.S. trade policy over chips, the association said in a statement on Friday. Automakers are called on to ...
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