Bill Ackman’s Pershing raises $1.4 billion in Universal Music Group stake sale
A group of Universal Music Group shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square raised more than $1.4 billion from the sale of…
Comcast signs $3 billion deal to keep Olympics on NBC through 2036
Comcast Corp. and NBCUniversal have secured U.S. rights to broadcast the Olympics Games through 2036 with a $3-billion arrangement.The new deal, which kicks in this…
‘Pokémon Go’ sells to Culver City-based Scopely in $3.5 billion deal
Scopely, a Culver City-based mobile game developer and publisher, will acquire the games portfolio of developer Niantic, including “Pokémon Go,” “Pikmin Bloom” and “Monster Hunter…
Northern Pulp seeking $2.5 billion in private-public funding to build new pulp mill
Breadcrumb Trail LinksPMNPMN BusinessAuthor of the article:The Canadian PressMichael MacDonaldPublished Mar 11, 2025 • 3 minute read You can save this article by registering for…
World Bank: Lebanon needs $11 billion for reconstruction, recovery from Israel war
Zainab Nasrallah, 53, inspects her house, destroyed by Israeli forces, in the southern Lebanese village of Houla on Friday. Nasrallah remained in her village for…
Supreme Court pauses judge’s order to spend $2 billion in foreign funds
WASHINGTON — Supreme Court Chief Justice John G. Roberts Jr. on Wednesday evening issued an order pausing a judge’s deadline requiring the Trump administration to send out…
Gatwick Airport set to add 100,000 extra flights annually with £2.2 billion expansion
Gatwick is the UK's second busiest airport and one of the busiest single-runway airports in the world. It is understood that Transport Secretary Heidi Alexander…
Judge gives Trump administration 2 days to release billions of dollars in blocked foreign aid
WASHINGTON — A federal judge on Tuesday gave the Trump administration less than two days to release billions of dollars in U.S. foreign aid, saying the administration…
Jon Stewart slashes hand on prop during ‘Daily Show’ bit
Jon Stewart slashed his hand on Monday during a bit after smashing a prop mug in frustration with government inefficiencies.The veteran “Daily Show” host, who…
CDPQ to buy Innergex Renewable Energy in deal valued at $10 billion
Breadcrumb Trail LinksPMNPMN BusinessAuthor of the article:The Canadian PressStephane RollandPublished Feb 25, 2025 • 3 minute read You can save this article by registering for…
Apple announces $500 billion investment in the United States
Facing possible tariffs for the products made for it in China, Apple announced on Monday that it will spend $500 billion over the next four…
Iconic car firm ‘on brink of collapse’ could be merged with billion dollar tech giant that makes Apple’s iPhones
AN iconic car firm "on the brink of collapse" could be merged with a billion dollar tech giant that makes Apple's iPhones.Struggling Nissan is still…
EU Seeks Ways to Seize Part of Russia’s Frozen $280 Billion
Breadcrumb Trail LinksPMN BusinessThe European Union is exploring more aggressively ways to seize Russia’s frozen central bank assets as the bloc scrambles to ensure financial…
Newsom asks Congress for nearly $40 billion for L.A. wildfire relief
Gov. Gavin Newsom is asking Congress to approve an additional $39.7 billion in aid to help Los Angeles recover from the catastrophic damage wreaked by…
China-Backed $3 Billion Indonesia Nickel Smelter Risks Shutdown
Breadcrumb Trail LinksPMN BusinessOne of the biggest nickel smelters in Indonesia has slashed production and is close to shutting down completely, just months after the…
Chevron to cut up to 20% of workforce as it slashes costs by as much as $3 billion
Chevron on Wednesday announced it will lay off 15-20% of its global workforce in an effort to reduce costs by up to $3 billion. Chevron…
Appeals court won’t halt judge’s order that Trump unfreeze federal cash
WASHINGTON — A federal appeals court on Tuesday refused to immediately halt a judge’s order requiring the Trump administration to release billions of dollars in federal grants…
India’s $67 Billion Infrastructure Gap Hampers Modi’s Gas Goals
Breadcrumb Trail LinksPMN BusinessA sprawling liquefied natural gas terminal on India’s scenic southern coast stands testament to the country’s efforts to curb its coal addiction…
Trump amends CBS ’60 Minutes’ lawsuit, demands $20 billion
President Trump has amended his lawsuit against CBS, demanding $20 billion and again claiming the network deceptively edited a “60 Minutes” interview with former Vice…
Here are some policy areas where President Trump might act next
ATLANTA — President Trump’s second administration has put forth an avalanche of policy changes and political pronouncements that have jolted Washington and the world.That agenda is taken…