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RBC, BMO to sell Moneris to Francisco Partners in $1.44 billion deal

RBC, BMO to sell Moneris to Francisco Partners in $1.44 billion deal

Aug 10 (Reuters) - The Royal Bank of Canada and BMO Financial Group on Monday agreed to sell jointly owned Moneris Solutions to technology investment firm Francisco Partners in a deal valued at C$2 billion ($1.44 billion).

Trading platform eToro beats profit estimates, targets US growth with TradeZero buy

Trading platform eToro beats profit estimates, targets US growth with TradeZero buy

Aug 11 (Reuters) - Trading platform eToro beat Wall Street estimates for second-quarter profit on Tuesday and said it would buy rival TradeZero in a cash-and-stock deal worth up to $231 million, as it looks to accelerate its expansion in the U.S.

Intel raises $20 billion from upsized share sale

Intel raises $20 billion from upsized share sale

By Anhata Rooprai Aug 11 (Reuters) - Intel raised $20 billion from an upsized share offering on Tuesday, as it looks to fund the costly build-out of its chip contract manufacturing business by cashing in on a stock surge fueled by its turnaround efforts.

GameStop weighing withdrawal of eBay bid, Bloomberg News reports

GameStop weighing withdrawal of eBay bid, Bloomberg News reports

Aug 10 (Reuters) - GameStop CEO Ryan Cohen is considering withdrawing the videogame retailer's $56 billion bid for eBay and may instead pursue a partnership or joint venture with the e-commerce company, Bloomberg News reported on Monday, citing people familiar with the matter.

Meta launches new AI model as Zuckerberg champions open-weight push

Meta launches new AI model as Zuckerberg champions open-weight push

Aug 10 (Reuters) - Meta CEO Mark Zuckerberg called for lower U.S. barriers for open-source AI models to better compete with Chinese rivals as the social media giant released a new open-weight model on Monday and said it plans to launch more such models soon.

Phillips 66, Kinder Morgan, HF Sinclair approve $5 billion Western Gateway project

Phillips 66, Kinder Morgan, HF Sinclair approve $5 billion Western Gateway project

Aug 11 (Reuters) - Phillips 66, Kinder Morgan and HF Sinclair said on Tuesday they have decided to proceed with the proposed $5 billion Western Gateway Pipeline system and finalized a joint venture agreement for the same.

Teledyne to acquire Varex Imaging in $1.1 billion deal

Teledyne to acquire Varex Imaging in $1.1 billion deal

Aug 10 (Reuters) - Sensing-systems maker Teledyne Technologies agreed to acquire Varex Imaging for $18.90 per share in an all-cash transaction valued at approximately $1.1 billion, the companies said on Monday. Shares of X-ray imaging components maker Varex jumped nearly 50% before the bell.

Microsoft plans to unveil next-generation AI chip in September, The Information reports

Microsoft plans to unveil next-generation AI chip in September, The Information reports

Aug 10 (Reuters) - Microsoft is planning to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.

Trump Media's quarterly loss widens to $238 million from $20 million a year earlier

Trump Media's quarterly loss widens to $238 million from $20 million a year earlier

Aug 11 (Reuters) - Trump Media & Technology Group, founded by U.S. President Donald Trump and known for its Truth Social platform, reported a wider second-quarter loss, largely due to unrealized losses tied to its cryptocurrency assets.

Imperial Brands to cut thousands of jobs in U.S. and Europe, Bloomberg News reports

Imperial Brands to cut thousands of jobs in U.S. and Europe, Bloomberg News reports

Aug 10 (Reuters) - Britain's Imperial Brands is preparing to cut thousands of jobs in key markets, including the United States and Europe, to reduce costs, Bloomberg News reported on Monday citing people familiar with the matter. Shares of the tobacco firm fell 5.3% to 2,643 pence by 1424 GMT.

Sportswear brand On misses quarterly sales view as consumer demand weakens

Aug 11 (Reuters) - Sportswear brand On missed Wall Street estimates for second-quarter net sales on Tuesday, sending its shares down 15% premarket, as higher costs from U.S. tariffs and a tougher consumer environment weighed on demand.

McDonald's making some big changes to its menu

McDonald's making some big changes to its menu

McDonald's has seen its United States growth slow and has made significant changes, including replacing the long-time president of its home country. CEO Christopher Kempczinski talked about the company's shortfalls during its second-quarter earnings call. "Turning to the U.S. After a solid start to ...