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Mattel investor Ariel pushes for sale as turnaround stalls

Mattel investor Ariel pushes for sale as turnaround stalls

Oct 5 (Reuters) - A major Mattel shareholder urged the Barbie maker on Monday to explore a sale, saying progress in its performance and profitability had stalled, according to a letter seen by Reuters.
ReutersReuters
Schneider Electric to buy US software firm PTC in $22.6 billion deal

Schneider Electric to buy US software firm PTC in $22.6 billion deal

By Sabrina Valle Oct 5 (Reuters) - France's Schneider Electric struck its biggest deal ever on Monday, agreeing to buy PTC in an all-cash deal valuing the US software company's equity at around $22.6 billion, it said in a statement.
ReutersReuters
Uber bets $2.3 billion on ezCater to narrow gap with DoorDash

Uber bets $2.3 billion on ezCater to narrow gap with DoorDash

Oct 6 (Reuters) - Uber Technologies said on Tuesday it would buy US catering platform ezCater in an all-cash deal for $2.3 billion, its latest move to strengthen delivery, the company's fastest-growing business segment.
ReutersReuters
France's Schneider Electric nears $20 billion deal to acquire US software group PTC, source says

France's Schneider Electric nears $20 billion deal to acquire US software group PTC, source says

By Sabrina Valle Oct 4 (Reuters) - France's Schneider Electric is nearing a deal to buy US software group PTC for about $20 billion, according to a person close to the deal on Sunday.
ReutersReuters
European shares gain as Genmab jumps, bond yields retreat

European shares gain as Genmab jumps, bond yields retreat

By Sudeshna Ghoshal Oct 6 (Reuters) - European shares rose towards one-week highs on Tuesday, buoyed by gains in healthcare stocks after Genmab's upbeat drug-trial results, while euro zone bond yields took a breather after rallying on fiscal and inflation concerns.
ReutersReuters
Nasdaq hits record high as investors focus on earnings

Nasdaq hits record high as investors focus on earnings

By Noel Randewich and Tharuniyaa Lakshmi Oct 5 (Reuters) - The Nasdaq hit an all-time high on Monday, lifted by Nvidia and Microsoft, as investors focused on a dip in oil prices and looked ahead to quarterly earnings reports.
ReutersReuters
Wall St futures rise as Treasury yields cool, oil slips

Wall St futures rise as Treasury yields cool, oil slips

By Tharuniyaa Lakshmi and Shashwat Chauhan Oct 6 (Reuters) - US stock index futures rose on Tuesday, as a decline in Treasury yields from multi-year highs and oil prices ahead of the quarterly earnings season boosted heavyweight technology stocks. Nvidia rose 0.9% in premarket trading.
ReutersReuters
UK grocer Sainsbury's held merger talks with rival Morrisons, reports say

UK grocer Sainsbury's held merger talks with rival Morrisons, reports say

Oct 5 (Reuters) - Sainsbury's, Britain's second-largest grocer, held talks with smaller rival Morrisons about a merger earlier this year, according to media reports on Monday.
ReutersReuters
Marvell raises 2028 revenue forecast on strong AI data center demand

Marvell raises 2028 revenue forecast on strong AI data center demand

Oct 6 (Reuters) - Marvell Technology raised its fiscal 2028 revenue forecast to about $20 billion on Tuesday, above Wall Street estimates, as demand for its custom data center chips grows along with a surge in AI spending.
ReutersReuters
Nasdaq notches record high close as investors focus on earnings

Nasdaq notches record high close as investors focus on earnings

By Noel Randewich and Tharuniyaa Lakshmi Oct 5 (Reuters) - The Nasdaq notched a record high close on Monday, lifted by Nvidia and Microsoft, as investors focused on a dip in oil prices and looked ahead to quarterly earnings reports.
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Solidion Technology Reaffirms Below-Market Acquisition Offer for Flux Power Despite Board Rejection

Solidion Technology Reaffirms Below-Market Acquisition Offer for Flux Power Despite Board Rejection

Solidion Technology Reaffirms Below-Market Acquisition Offer for Flux Power Despite Board Rejection
TheStreetTheStreet
Mattel's new CEO gets a $10.6 million bonus just for signing on

Mattel's new CEO gets a $10.6 million bonus just for signing on

The size of the check hints at what the board is really planning, and it may not be what shareholders want.