The Federal Trade Commission (FTC) has taken legal action to block Tapestry's $8.5 billion acquisition of Capri Holdings Limited, the parent company of Michael Kors.
Deals
FTC Set to Approve Major Exxon Mobil Deal With Pioneer But With Board Twist
Three sources say Exxon Mobil will ban an oil executive involved in a price-fixing case from joining its board after buying Pioneer Resources.
South Korea-AUKUS Defense Tech Collaboration Could Happen; Seoul's Defense Officials Now Discussing Plan
The South Korea-AUKUS defense tech collaboration could soon happen. Here's what this means. The South Korea-AUKUS defense tech collaboration could soon happen.
Microsoft's Investment in OpenAI Was Sparked by Fears of Google's AI Dominance: Report
Microsoft's decision to invest in OpenAI stemmed from concerns about lagging behind Google in AI capabilities
IBM's Acquisition of HashiCorp for $6.4 Billion Confirmed, Aimed at Strengthening Cloud Capabilities
This acquisition is intended to enhance IBM's expertise in cloud-based solutions, especially as the demand for AI-driven technologies continues to grow rapidly.
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JD Sports, the UK's largest sportswear retailer, plans to buy Hibbett shares at $87.50 each in cash.
FTC Sues to Block Tapestry's $8.5 Billion Takeover of Capri Holdings in Massive Luxury Fashion Merge
The Federal Trade Commission filed a lawsuit on Monday to halt Tapestry Inc.'s $8.5 billion acquisition of Capri Holdings, which would unite the Coach, Kate Spade, and Michael Kors brands.
US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores.
Paramount's stock experienced a surge in after-hours trading following news of the bid discussions.
Cisco introduces a cutting-edge security system that harnesses the power of AI, following its acquisition of Splunk in a massive $28 billion agreement.
The Anaheim City Council has given the green light to Disneyland Forward, the Walt Disney Company's ambitious plan to expand its iconic theme park.
The activists criticized the company for its contract with the Israeli government, accusing it of contributing to what they perceive as a genocide amid Israel's bombing campaign in Gaza.
United Airlines has revised its aircraft-delivery expectations for the year due to delays from Boeing.
There have been claims circulating on social media in recent weeks regarding Disney's alleged acquisition of Jeffrey Epstein's island. However, the claims, despite gaining significant attention on platforms such as TikTok and X, are fake.
