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Berkshire Hathaway to Acquire Taylor Morrison for $8.5 Billion in All-Cash Deal

Berkshire Hathaway to Acquire Taylor Morrison for $8.5 Billion in All-Cash Deal

Berkshire Hathaway to Acquire Taylor Morrison for $8.5 Billion in All-Cash Deal

Yum Brands in exclusive talks to sell Pizza Hut to LongRange Capital, source says

Yum Brands in exclusive talks to sell Pizza Hut to LongRange Capital, source says

By Abigail Summerville May 29 (Reuters) - Yum Brands is in exclusive talks to sell its Pizza Hut chain to private-equity firm LongRange Capital, a source familiar with the matter said on Friday.

Blackstone-backed Liftoff targets $3.7 billion valuation in US IPO

Blackstone-backed Liftoff targets $3.7 billion valuation in US IPO

May 29 (Reuters) - Liftoff Mobile, backed by Blackstone, is targeting a valuation of up to $3.66 billion in its U.S. initial public offering, in a renewed attempt to test investor appetite in public markets after scrubbing an initial launch.

Warren Buffett's Berkshire dumps entire stake in dividend stock

Warren Buffett's Berkshire dumps entire stake in dividend stock

When Warren Buffett builds a position in a company, Wall Street pays attention. His firm, Berkshire Hathaway, doesn't typically accumulate an 8.3% stake in a business unless it believes deeply in what that company does and where it's headed. That's what made Berkshire's investment in Pool Corp so ...

Major pizza chain might sell business after closing 250 locations

Major pizza chain might sell business after closing 250 locations

The pizza dining industry is facing a flurry of mergers and acquisitions that could lead to multiple sales transactions in the upcoming months. Papa John's International's largest U.S. franchisee Nadeem Bajwa and investment firm Irth Capital are negotiating with the pizza chain to buy out the ...

Another fintech giant gets the pink slip from Warren Buffett's Berkshire

Another fintech giant gets the pink slip from Warren Buffett's Berkshire

A lot has changed at Berkshire Hathaway in 2026. Warren Buffett, who spent six decades turning the company into one of the most watched investment vehicles on the planet, stepped down as chief executive at the start of this year. His chosen successor, Greg Abel, officially took the wheel in ...

Gap cuts annual sales forecast on pressured discretionary spending, shares plunge

Gap cuts annual sales forecast on pressured discretionary spending, shares plunge

May 28 (Reuters) - Apparel retailer Gap cut its annual sales forecast on Thursday, signaling pressure from budget-strained Americans pulling back on discretionary spending amid macroeconomic uncertainty, sending shares down about 13% after the bell.

Gap, American Eagle fall as weak apparel demand signals constrained consumer spending

Gap, American Eagle fall as weak apparel demand signals constrained consumer spending

By Akriti Shah May 29 - Shares of apparel makers Gap and American Eagle Outfitters dropped 15% and 10%, respectively, in premarket trade on Friday after weak annual forecasts, as consumers curb discretionary spending amid a tough macroeconomic climate.

Costco gas stations draw more frugal Americans as prices bite

Costco gas stations draw more frugal Americans as prices bite

By Juveria Tabassum and Nicholas P. Brown May 28 (Reuters) - Costco Wholesale reaped the spoils of surging gas prices, as more consumers sought out its lower-priced fuel, helping it top market expectations for third-quarter U.S. sales.

History of American Express: Company timeline & facts

History of American Express: Company timeline & facts

There was a time in the late 1950s when American Express (AXP) was a house divided. At issue was whether the financial giant should embrace a new product, with one faction defending the company’s traditional travelers' checks business and another pushing aggressively into the future. One of the ...

India's Wipro up 4% after expanded partnership to scale AI adoption

India's Wipro up 4% after expanded partnership to scale AI adoption

May 29 (Reuters) - Shares of Wipro rose as much as 4% on Friday, after the IT services company said it had expanded its partnership with U.S.-based software provider ServiceNow to deploy agentic AI workflows across core enterprise functions.

Cheniere signs $4.69 billion deal with Bechtel to expand LNG export capacity

Cheniere signs $4.69 billion deal with Bechtel to expand LNG export capacity

May 28 (Reuters) - Cheniere Energy Partners said on Thursday it signed a contract with Bechtel Energy for engineering, procurement and construction of the first phase of its Sabine Pass LNG expansion project in Cameron Parish, Louisiana.