Europe’s antitrust watchdog is set to block Amazon's US$1.7 billion bid to acquire iRobot Corporation (NASDAQ:IRBT), the maker of Roomba robotic vacuums, according to sources familiar with the matter. Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) met with competition officials from the European Commission on Thursday, where it was informed that the deal was likely to be rejected. The formal approval from the commission's top leaders is still pending, but historically, such decisions align with the recommendation of ...

JPMorgan Chase & Co (NYSE:JPM)'s Jamie Dimon was paid $36 million last year, a 4% rise.  The compensation package included a $1.5 million base salary and a substantial bonus, primarily in stock, and was reward for another stellar year for the US bank, in which it booked a record profit of almost $50bn. Alongside Dimon, other top executives at JPMorgan also saw salary increases. Daniel Pinto, the bank's president, received a 5% hike to $30 million, while Jennifer Piepszak and Marianne Lake, co-heads of consu ...

Google, owned by Alphabet Inc (NASDAQ:GOOG), has started the construction of a new £789 million (US$1 billion) data centre in the UK, as announced at the World Economic Forum in Davos. The facility will be situated on a 33-acre site in Waltham Cross, Hertfordshire, which Google acquired in October 2020. The search engine giant emphasised that the data centre will accelerate artificial intelligence (AI) growth and ensure reliable digital services for Google Cloud customers and users in the UK. The heat gener ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...