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In a sign that President Trump is following the Biden administration’s lead in reining in Google, the Justice Department on Friday reiterated its demand that a court break up the search giant. The request followed a landmark ruling last year by Judge Amit P. Mehta of the U.S. District Court for the District of Columbia…
The founding family of 7-Eleven’s Japanese parent company has failed to secure the money to buy it out, the company said Thursday, months after they launched a bid worth over $50 billion to fend off a foreign takeover. Seven & i Holdings, which sits atop a vast network of 85,000 convenience stores, primarily in Asia…
Lawyers for Paramount and President Trump have agreed to appoint a mediator in his $20 billion lawsuit against CBS, according to two people with knowledge of the decision. The move to bring in a mediator is another indicator that the two sides are trying to resolve the case, over the editing of a “60 Minutes”…
Ken Rosenthal, who opened a bakery cafe in the St. Louis area, with sourdough bread as its star, and built it into a small chain that would become Panera Bread, died on Feb. 14 at his home in Scottsdale, Ariz. He was 81. His wife, Linda Rosenthal, said the cause was Alzheimer’s disease. Mr. Rosenthal…
The British family that has steered the James Bond franchise for more than 60 years, zealously protecting the superspy from the indignities of Hollywood strip mining, has agreed to relinquish control to Amazon. The deal, which was announced Thursday morning, comes after a behind-the-scenes standoff between Barbara Broccoli, who inherited control of Bond from her…
Humane, the ambitious start-up behind the Ai Pin device that aimed to one day replace smartphones, agreed to sell parts of its business to HP for $116 million, the companies said on Tuesday. HP said it planned to acquire Humane’s “A.I. capabilities,” including its software platform, intellectual property, patents and some employees. The Ai Pin…
OpenAI’s board of directors on Friday rejected a $97.4 billion bid by Elon Musk and a consortium of investors to gain control of the artificial intelligence company, deepening a feud between Mr. Musk and OpenAI’s chief executive, Sam Altman. In a statement, Bret Taylor, the chairman of the OpenAI board, said, “OpenAI is not for…
Elon Musk said in a court filing late Wednesday that he would withdraw his $97.4 billion bid to control OpenAI if the company dropped a longstanding effort to change its corporate structure. Mr. Musk and a consortium of investors had offered on Monday to buy the assets of the nonprofit that controls OpenAI, escalating a…
A group of investors led by Elon Musk has made a $97.4 billion bid to buy the nonprofit that controls OpenAI, according to two people familiar with the bid, escalating a yearslong tussle for control of the company between Mr. Musk and OpenAI’s chief executive, Sam Altman. The consortium includes Vy Capital and Xai, Mr….
President Trump said on Friday that Nippon Steel was planning to make a major investment in U.S. Steel after the Biden administration moved to block the Japanese company’s $14 billion takeover bid last month on the basis that it was a threat to national security. Such an investment, if it moves forward, could be a…
