DoorDash acquires Deliveroo, SevenRooms in separate deals
May 6 (UPI) -- DoorDash announced on Tuesday that it has acquired rival food delivery service Deliveroo and the SevenRooms restaurant technology company in separate…
OpenAI says its nonprofit board will remain in control of its for-profit business
ChatGPT maker OpenAI said Monday that its nonprofit will remain in control over its for-profit business, as the startup moves forward with plans to change…
Investment firm 3G Capital acquires Skechers
May 5 (UPI) -- Footwear giant Skechers, the world's third-largest footwear company, announced Monday it had reached a deal to be bought out by the…
Rite Aid files for bankruptcy for second time in 18 months
May 5 (UPI) -- Rite Aid on Monday announced it is filing for bankruptcy and looking for a new buyer, just seven months after exiting…
After backlash, OpenAI says company will remain under non-profit control
1 of 2 | On a call, OpenAI CEO Sam Altman (seen in January at the White House in Washington, D.C.) touched on the company's…
N.Y. border officers seize nearly $200,000 in fake trademarked items
May 5 (UPI) -- U.S. border agents in New York seized a variety of counterfeit trademarked items over a four-day period recently. The confiscations had…
Warren Buffett to stay as chair of Barkshire Hathaway; Greg Abel voted in as president, CEO
May 5 (UPI) -- The board of Berkshire Hathaway voted to keep Warren Buffett as its chairman and appointed a new company president and CEO.…
EPA restructuring to include cuts, consolidation, shifting resources
May 3 (UPI) -- The U.S. The Environmental Protection Agency is consolidating staff and shifting resources, part of a larger restructuring effort that will seek…
Top US figures visit Seoul to meet defense industry leaders
Hanwha Group Vice Chairman Kim Dong-kwan, second from right, explains the conglomerate’s shipbuilding facilities to US Navy Secretary John Phelan, far right, at Hanwha’s Geoje…
Microsoft to close Skype on Monday
May 3 (UPI) -- Skype debuted in 2003 and was an early disruptor in online communications, but Microsoft says it's time to close Skype and…
Warren Buffett to retire as Berkshire Hathaway CEO at end of 2025 | Business and Economy News
‘Oracle of Omaha’ stuns shareholders, but pledges to maintain investments in group and says he will still be ‘hanging around’.Billionaire investor Warren Buffett has announced…
Voice of America to resume broadcasting — at least temporarily
Incoming Voice of America leader Kari Lake, right, is seen in an overflow room for President Donald Trump's inauguration ceremony in Emancipation Hall of the…
Warren Buffet talks economy, tariffs at annual Berkshire Hathaway shareholder meeting
May 3 (UPI) -- Warren Buffett shared his thoughts on everything from Donald Trump's tariffs to the state of the economy Saturday, while also taking…
Buffett says U.S. shouldn’t use ‘trade as a weapon’ like Trump tariffs
OMAHA — Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn’t use “trade as a weapon” and anger the rest of…
Apple approves Spotify update that freely shows clear pricing on in-app purchases
May 2 (UPI) -- Spotify said Friday Apple has approved its app update after a federal judge ordered Apple to stop imposing commissions it takes…
Major Boeing supplier Spirit AeroSystems has ‘substantial doubt’ continuing
May 2 (UPI) -- Spirit AeroSystems said there is "substantial doubt about the company's ability to continue as a going concern" though Boeing and Airbus…
U.S. stocks end on upswing for second week in a row
May 2 (UPI) -- U.S. stocks ended the week on a high note after a good nonfarms report for April and a willingness by China…
US labour market holds steady despite tariffs, adding 177,000 jobs in April | Business and Economy News
The United States economy has added 177,000 jobs in April, topping analysts’ expectations despite economic turmoil in the early months of Donald Trump’s second term as…
De minimis exemption expires subjecting cheap Chinese items to high tariffs
May 2 (UPI) -- An exemption from tariffs on Chinese goods expired Friday, likely leading to higher prices for goods from low-cost Chinese sellers. The…
South Korean financial groups post record Q1 performances
May 2 (UPI) -- Despite concerns over an economic downturn, South Korea's major financial groups -- KB, Shinhan, and Hana -- posted the highest-ever first-quarter…