German defense manufacturer Rheinmetall said on Wednesday it has initiated the sale of its civil business activities and will classify them as discontinued operations with immediate effect. ...

The U.S. Federal Reserve has told Citigroup that it has closed formal notices requiring the bank to fix trading risk management weaknesses, according to people with knowledge of the matter, a significant step in improving oversight and control deficiencies that have bogged down the third largest U.S. bank. ...

Amazon on Wednesday tapped long-time cloud executive Peter DeSantis to lead a new unit that would oversee its most advanced technologies, including artificial intelligence models, custom silicon and q... ...

The White House is set to announce drug pricing deals with pharmaceutical heavyweights Novartis AG and Roche Holding AG as soon as Friday, Bloomberg News reported on Wednesday citing people familiar w... ...

Core Insights - Carlyle Group, a major U.S. private equity firm, has engaged Goldman Sachs to assist in its bid for assets from Lukoil, a Russian oil company facing sanctions [1] Group 1: Company Actions - Carlyle is actively pursuing Lukoil's overseas portfolio, indicating a competitive interest in the sanctioned firm's assets [1] - The involvement of Goldman Sachs suggests a strategic approach to navigating the complexities of acquiring assets from a sanctioned entity [1] Group 2: Industry Context - The bidding for Lukoil's assets reflects a broader trend in the private equity sector, where firms are seeking opportunities in distressed or sanctioned assets [1] - The situation highlights the increasing competition among private equity firms to acquire valuable international oil assets amid geopolitical tensions [1]

Republican lawmakers accused Intel this week of threatening U.S. national security after Reuters revealed the chipmaker was evaluating chipmaking equipment made by a company with deep ties to China an... ...

Shares of Medline opened 20.7% above their offer price in their Nasdaq debut on Wednesday, giving the medical supply giant a valuation of $46.03 billion. ...

Google's YouTube said on Wednesday that the annual Oscar awards will stream exclusively on the platform for free globally and on YouTube TV in the U.S from 2029. ...

Oil and gas activity in the key producing states of Texas, Louisiana and New Mexico edged lower in the fourth quarter, as executives there expressed concern about weak oil prices that are making some wells noneconomic and ongoing geopolitical uncertainty, according to a survey released by the Federal Reserve Bank of Dallas on Wednesday. ...

The Polish financial regulator (KNF) has given a green light to Erste Group Bank AG's purchase of a controlling stake in Santander Bank Polska , it said in a statement on Wednesday. ...