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Business

World Bank chief takes swipe at Microsoft’s US$69 billion gaming deal as poor countries struggle

WASHINGTON – World Bank President David Malpass on Wednesday criticized Microsoft’s US$69 billion takeover of gaming developer Activision Blizzard…

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New York

N.Y. Republican opponents push back on Hochul’s $216 billion budget and $21 million campaign war chest

“It’s a classic Albany status-quo budget – the special interests get everything they want and the taxpayers get patronized, then…

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Stock Market

Microsoft Deal Wipes $20 Billion Off Sony’s Market Value in a Day

(Bloomberg) — Sony Group Corp. shares fell 13% in Tokyo on Wednesday, their biggest drop since October 2008, after PlayStation…

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Auto

GM wins tax break from Detroit suburb for $1.3 billion plant expansion for EVs, batteries

The Orion plant, which opened in 1983, has a workforce of 1,029 hourly and 152 salary employees. The Orion Township…

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Australia

Microsoft’s $97.4 billion acquisition after allegations of ‘toxic culture’

Microsoft on Tuesday announced plans to acquire Activision Blizzard in a blockbuster deal worth nearly $97.4 billion. It’s one of…

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Education

Hochul proposes $2.1 billion increase for schools

Gov. Kathy Hochul proposed a $2.1 billion increase for the state’s public schools and called for a four-year extension of…

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Stock Market

Ford Sees $8.2 Billion Gain on Its Investment Following Rivian’s IPO

(Bloomberg) — Ford Motor Co. expects to record a gain of $8.2 billion in the fourth quarter on its investment…

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Auto

Ford expects $8.2 billion Q4 gain from Rivian investment

Ford Motor Co. on Tuesday said it expects to book an $8.2 billion gain from its investment in electric vehicle…

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Stock Market

Ford books $8.2 billion fourth-quarter profit on Rivian investment

Ford Motor Co. said late Tuesday it has realized a $8.2 billion gain in the fourth quarter related to its…

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USA

Microsoft to acquire Activision Blizzard in $68.7 billion deal

The all-cash transaction is valued at $68.7 billion, and Microsoft says it will make the company the third-largest gaming company…

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