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Union Pacific CEO says he had talks with Trump on $85 billion plan to buy Norfolk

By Sabrina Valle NEW YORK (Reuters) -Union Pacific Corp CEO Jim Vena met with U.S. President Donald Trump in the Oval Office to discuss the railroad’s proposed $85 billion buyout of Norfolk Southern Corp, the company said on Friday, as it awaits regulatory approval for ...
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Thales, Airbus, Leonardo eye initial agreement on 10 billion-euro satellite JV, sources say

By Amy-Jo Crowley, Tim Hepher and Mathieu Rosemain LONDON/PARIS (Reuters) -Europe’s aerospace groups Leonardo, Thales and Airbus have redoubled efforts to combine their satellite businesses into a 10 billion-euro ($11.7 billion) joint venture and are working towards hammering out an initial agreement in coming weeks, ...
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Ticket reseller StubHub’s IPO 20 times oversubscribed, source says

By Ateev Bhandari (Reuters) -Ticket reseller StubHub, which delayed its U.S. listing in April amid market volatility, has drawn over 20 times as many orders for its planned initial public offering as there are available shares, a source familiar with the matter said on Friday. ...
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Winklevoss twins’ crypto exchange Gemini valued at $4.4 billion in strong Nasdaq debut

(Reuters) -Gemini Space Station shares jumped 32.2% in their Nasdaq debut on Friday, giving the cryptocurrency exchange a valuation of $4.4 billion and capping a bright week for digital asset companies in a resurgent U.S. IPO market. (Reporting by Pritam Biswas and Ateev ...
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Boeing Defense workers reject contract, strike continues

By Dan Catchpole (Reuters) – Striking workers at Boeing Defense rejected the company’s latest contract offer on Friday, sending the stoppage toward its seventh week. The roughly 3,200 members of the International Association of Machinists and Aerospace Workers (IAM) District 837 went on ...
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Black Rock Coffee Bar valued at $1.27 billion as shares jump in Nasdaq debut

By Abigail Summerville and Ankita Bora (Reuters) -Black Rock Coffee Bar was valued at $1.27 billion after its shares rose 32.5% above their initial public offering price on Friday, signaling healthy investor appetite for consumer-focused companies in a tech-dominated IPO market. Shares of the Scottsdale, Arizona-based company ...
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Boeing workers reject their latest contract offer, extending strike at three Midwest plants

Another contract proposal has been rejected by Boeing workers who now have been on strike for nearly six weeks from three Midwest plants where military aircraft and weapons are developed. The vote on Friday refusing the latest proposal sends the workers back to the picket ...
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Exclusive-AstraZeneca pauses $270 million investment in Britain

By Alistair Smout and Maggie Fick LONDON (Reuters) – Britain’s biggest company AstraZeneca has paused a planned 200 million pound ($271.26 million) investment in its Cambridge research site, a spokesperson said, the latest drugmaker to retreat from Britain. The decision on the ...
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Blackstone-backed Legence valued at $2.75 billion after shares fall in debut

(Reuters) – Shares of Legence fell 3.6% in their Nasdaq debut on Friday, giving the Blackstone-backed engineering and maintenance services provider a valuation of $2.75 billion.(Reporting by Atharva Singh and Arasu Kannagi Basil in Bengaluru; Editing by Shinjini Ganguli) Brought ...
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OpenAI reaches new agreement with Microsoft to change its corporate structure

OpenAI has reached a new tentative agreement with Microsoft and said its nonprofit, which technically controls its business, will now be given a $100 billion equity stake in its for-profit corporation. The maker of ChatGPT said it had reached a new nonbinding agreement with ...
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Swatch sells watch lampooning Trump’s 39% tariffs on Switzerland

ZURICH (Reuters) -Swiss watchmaker Swatch has begun selling a special edition watch with the numbers three and nine reversed on its face in a play on the 39% tariffs President Donald Trump imposed on U.S. imports from Switzerland last month. The tariffs – among the ...
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FAA proposes to fine Boeing $3.1 million over safety violations

WASHINGTON (Reuters) -The Federal Aviation Administration on Friday proposed fining Boeing $3.1 million for a series of safety violations, including actions tied to the January 2024 Alaska Airlines 737 MAX 9 mid-air emergency and for interfering with safety officials’ independence. The FAA found hundreds of ...
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