The video game giant is targeting its French headquarters for a “voluntary” reduction of up to 200 positions. This follows last week’s massive restructuring that saw studios shuttered, games canceled, and the company’s stock value nosedive.
Nike is investigating a massive data breach where hackers claim to have stolen over 1.4 terabytes of internal files. The data includes product designs, material specs, and future plans, but not customer info. The leak could lead to advanced counterfeits and give rivals a peek at Nike’s roadmap.
Nidec Corp. is set to announce a recovery plan as soon as Wednesday, following an accounting scandal that has pushed its debt to junk status and put it on notice for delisting. The plan comes after founder Shigenobu Nagamori stepped down in December, with a third-party probe still ongoing.
A mysterious trader won $400,000 betting on Polymarket that Venezuelan president Nicolás Maduro would be out by January’s end, just hours before a reported U.S. military strike. The incident has sparked a fierce debate: is using non-public information in these markets fraud, or is it essential for t
Apple is headed to court in India over a potential $38 billion antitrust fine. The case centers on whether India can calculate penalties based on Apple’s global turnover, not just its local revenue. The outcome could reshape how multinational tech companies are regulated worldwide.
Anthropic is on a tear, signing another major enterprise deal with insurance giant Allianz. The company now holds a huge chunk of the enterprise AI market. The real battle, however, is just beginning.
Blackstone is tapping banks for a $2.6 billion debt package to finance the merger of its power grid equipment companies, MacLean Power Systems and Power Grid Components. The move is a direct play on the urgent need to upgrade global electrical infrastructure, driven by AI data centers and broader el
Glencore and Rio Tinto are in early-stage talks about a potential $207 billion all-share deal. This comes over a year after previous negotiations collapsed and amid a major industry rush for copper assets.
Apple is deepening its financial services play by partnering with JPMorgan Chase. This move aims to embed banking and savings products directly where users already shop and manage wallets, aligning with a massive trend toward embedded finance.
A Wall Street Journal opinion piece argues the minimum wage worsens affordability, but a recent legal settlement reveals a new front. New York City’s scheduling rules are creating a complex regulatory environment for employers. The debate is shifting from just hourly pay to total hours and predictab
