BlackRock to Buy Global Infrastructure Partners for $12.5 Billion

The acquisition of the private-equity firm would be BlackRock's largest in 15 years. 


 
Apple Directors Al Gore, James Bell to Retire

The former U.S. vice president had been a board member since 2003. 


 
Tesla Production in Europe Upended by Red Sea Conflict

The decision to halt production in Germany raises the specter of a new supply-chain crisis for European manufacturers dependent on parts from Asia. 


 
Carta Competitors See Surge in Demand

Customers of Carta, spurred by the shuttering of its secondary trading division and a loss of trust in the 14-year-old company, are reaching out to competitors about potentially switching over to their services. 


 
Why Big Tech Is Still Minding Its Bills

Layoffs at Google and Amazon kick off a year that will see higher AI spending but likely limited revenue impact. 


 
Grayscale Faces New Risk-Management Challenge With Bitcoin ETF Approval

With the Securities and Exchange Commission's approval of U.S. exchange-traded funds holding bitcoin, cryptocurrency asset manager Grayscale Investments must focus more on managing risk and communicating with participants, Chief Financial Officer Ed McGee said. 


 
Burberry Cuts Guidance on Slowing Luxury Demand

Burberry cut its fiscal 2024 guidance after luxury demand slowed further during December's key trading period. 


 
The Onetime Auditor Brought In to Reinvent Gucci

The new CEO is making the trendsetting label more understated-and trying to learn Italian, too. 


 
EPA Calls on Telecom Executives to Meet About Lead-Sheathed Phone Cables

Agency reports finding more than 100 readings with elevated lead near cables in 'high priority' probe; companies say their own tests show low lead levels. 


 
SEC Charges Future FinTech Group CEO Huang With Manipulative Trading

The SEC claims Huang bought more than 530,000 shares over a two-month period and traded at a volume large enough to represent a high percentage of the stock's overall daily volume.


(END) Dow Jones Newswires

01-12-24 0715ET