Looks like Masayoshi Son"s plan to go all in on AI is starting to pay off for SoftBank
The Japanese billionaire's SoftBank conglomerate posted a quarterly profit of about $1.5 billion, driven by its big bet on chip designer ARM. Softbank CEO Masayoshi Son.Tomohiro Ohsumi/Getty ImagesMasayoshi Son's bet on AI se.....»»
6 Warren Buffett Stocks That Will Be Moving This Week
Embed from Getty Images Berkshire Hathaway (NYSE: BRK.B) is one of the last great conglomerates remaining in America. It is also the investment h.....»»
10 Warren Buffett Quotes Every 70 Year Old Needs To Hear
Warren Buffett, the folksy investor from Omaha, Nebraska, built his billionaire fortune through his investment company, Berkshire Hathaway, a once struggling textile company that is now a multinational conglomerate. Buffett is also the founder of.....»»
Why Industrial Conglomerate Fortive"s Shares Are Sliding Today
Fortive Corporation (NYSE:FTV) shares are trading lower after the company reported first-quarter FY24 results. Revenue grew.....»»
CoStar Drops $1.6 Billion to Acquire 3D Camera Pioneer Matterport
CoStar, the commercial conglomerate-turned residential portal gate-crasher, announced today that it is acquiring Matterport in a deal worth $1.6 billion, adding what appears to be a highly complementary new business to its growing arsenal of real.....»»
GE Aerospace is set to soar as stand-alone firm. Cincinnati is along for the ride
In a momentous move, General Electric has shed its conglomerate skin, emerging as three distinct entities. For GE Aerospace, the move could have an outsized impact on Greater Cincinnati......»»
AMC"s Former Owner And Largest Shareholder Unloads Most Of Its Stake
AMC Entertainment Holdings Inc (NYSE: AMC) has announced that Chinese conglomerate Dalian Wanda Group Co. read more.....»»
The Wall Street Journal: Axel Springer in talks to buy Axios
German publishing conglomerate Axel Springer SE is in talks to purchase digital-news outlet Axios, according to people familiar with the matter, a deal that would add to the company’s U.S. holdings......»»
Vingroup reports staggering growth in 1Q21 earnings
Vietnam-based conglomerate Vingroup has reported net profits of VND2.1 trillion (US$90.84 million) for the first quarter of 2021, up 5-fold on year thanks to strong sales from its real estate, Vinfast automobile and Vsmart smartphone businesses......»»
Stellantis, Foxconn to announce strategic partnership
Carmaker Stellantis and Taiwan-based EMS giant Foxconn are set to announce a strategic partnership later today, according to the Europe-based conglomerate......»»
Hyundai Commits $7.4B To Make Electric Vehicles In US
Hyundai Motor Group, the South Korean multinational conglomerate.....»»
Robotics company partners with SoftBank, expands to Japan
Founded with a focus on using artificial intelligence to help large companies in e-commerce logistics, a Bedford-based robotics company has expanded to Japanese markets. In April, two subsidiaries of Japanese conglomerate SoftBank, SoftBank R.....»»
Key Takeaways From Loews" 1st-Quarter Results
The conglomerate bought back 5.6 million shares during the quarterRelated Stocks: L,.....»»
Warren Buffett confirms Berkshire Hathaway successor, ending years of speculation
Greg Abel, who oversees the conglomerate’s non-insurance operations, will take the helm whenever the billionaire investor, 90, decides to step down......»»
Dubai-based conglomerate buys prominent building on Highland near U of M
A subsidiary of a Dubai-headquartered company just paid $12M for a prominent property on Highland Street, near the University of Memphis. The purchase is part of the firm's entrance into the U.S. market......»»
Warren Buffett touts U.S. economy’s unexpected strength as Berkshire rebounds
Warren Buffett said on Saturday that the U.S. economy is faring far better than he might have predicted early in the coronavirus pandemic, benefiting his conglomerate Berkshire Hathaway Inc (BRKa.N)......»»
IPO Report: Entertainment conglomerate Endeavor prices IPO at $24, to raise $511 million
Los Angeles based entertainment powerhouse Endeavor Group Holdings Inc. priced its initial public offering at $24 a share late Wednesday, at the top of its expected range......»»
GE"s stock turns lower after profit and FCF beats, but revenue fell shy
Shares of General Electric Co. sank 2.3% in premarket trading Tuesday, reversing an earlier gain of as much as 1.3%, after the industrial conglomerate swung to a.....»»
Tesla in talks with India"s Tata Power for EV charging infrastructure
Tesla Inc is exploring an arrangement with Indian conglomerate Tata Sons’ power generation unit, Tata Power, to set up charging infrastructure for electric vehicles in the country, CNBC-TV18 reported on Friday, citing sources......»»
GE confirms deal valued at $30 billion to combine GECAS with AerCap
Shares of General Electric Co. rallied 3.2% toward a three-year high in premarket trading Wednesday after the industrial conglomerate confirmed an agreement to combine its GE Capital Aviation Services (GECAS) air.....»»