Industry

Rajasthan Unveils Chip and Defence Manufacturing Push, While Tightening Rules on Property Sales in ‘Disturbed’ Areas

Rajasthan approved new semiconductor and aerospace defence policies packed with incentives, alongside a draft bill restricting property transfers in ‘disturbed’ areas.

#rajasthan, #semiconductors, #defence, #industrialpolicy, #propertylaw

Walmart Names John Furner as Next CEO in Leadership Overhaul Focused on AI

Walmart will replace CEO Doug McMillon with U.S. chief John Furner on Feb. 1, pairing the transition with a sweeping AI- and data-driven leadership reshuffle.

#walmart, #ceo, #ai, #retail, #automation

Mitsubishi to Buy Haynesville Shale Producer Aethon in $7.5 Billion Natural Gas Bet

Japan’s Mitsubishi plans a $7.5B buy of Haynesville gas producer Aethon, linking U.S. shale to LNG exports and rising data-center power demand.

#naturalgas, #lng, #mitsubishi, #haynesville, #datacenters

White House pushes PJM to add $15 billion in power plants, shifting costs to data centers

Trump administration urges PJM to run an emergency auction for new generation, aiming to protect households by making AI data centers bear most costs.

#energy, #datacenters, #ai, #pjm, #electricity

Delaware Judge Slows Paramount Skydance Suit, Giving Netflix an Edge in Warner Bros. Discovery Battle

A Delaware judge refused to fast-track Paramount Skydance’s disclosure suit, easing pressure on Warner’s Netflix deal as rival bids face scrutiny.

#netflix, #warnersbrosdiscovery, #paramountskydance, #delaware, #mergers

USPS contractor 10 Roads Express to shutter, laying off about 2,000 as mail-hauling work dries up

10 Roads Express will end USPS hauling Jan. 30 and wind down nationwide, citing Postal Service network changes that erased 70% of revenue.

#usps, #trucking, #layoffs, #logistics, #labor

UK awards record 8.4 GW of offshore wind contracts in policy reset after 2023 flop

Britain’s AR7 auction awards 8.4 GW of offshore wind, led by RWE, aiming for clean power by 2030 while raising questions about bills, grids and ownership.

#uk, #offshorewind, #renewables, #rwe, #energysecurity

Warner Bros. Discovery Rejects $108 Billion Paramount Skydance Bid, Setting Up Delaware Fight and Proxy Battle

WBD rebuffs Paramount Skydance’s $30-a-share hostile offer in favor of a Netflix deal, triggering a lawsuit, proxy fight and antitrust scrutiny.

#warnerbrosdiscovery, #netflix, #paramountskydance, #mergers, #antitrust

Frontier Taps Insider James Dempsey as CEO as Ultra-Low-Cost Rivals Pull Back

Frontier names longtime finance chief James “Jimmy” Dempsey CEO, betting on cost discipline as ULCC rivals retrench and earnings outlook improves.

#airlines, #frontier, #ulcc, #executives, #earnings

Rio Tinto and Glencore confirm early-stage merger talks in potential $200bn-plus mining megadeal

Rio Tinto and Glencore confirm preliminary all-share merger talks, a deal that could create the biggest diversified miner and face tough scrutiny.

#mining, #riotinto, #glencore, #mergers, #copper

Constellation Closes $26.6 Billion Calpine Deal, Becoming America’s Largest Power Generator

Constellation’s $26.6B buy of Calpine creates the top U.S. generator, adds gas and geothermal assets, and includes DOJ-ordered plant sales.

#energy, #powergrid, #mergers, #antitrust, #datacenters

Warner Bros. Discovery Board Urges Shareholders to Reject Paramount Skydance Bid, Back Netflix Merger

WBD’s board unanimously told investors to reject Paramount Skydance’s $30-a-share hostile offer and stick with Netflix’s lower, less leveraged deal.

#media, #streaming, #mergers, #netflix, #paramount

L3Harris to sell majority stake in space propulsion unit; Rocketdyne name set to return under AE Industrial

L3Harris will sell 60% of its space propulsion unit to AE Industrial, reviving Rocketdyne while L3Harris keeps RS-25 and shifts toward missiles.

#space, #rocketdyne, #l3harris, #privateequity, #propulsion

Energy Department Commits $2.7 Billion to Rebuild U.S. Uranium Enrichment and HALEU Supply

DOE awards $2.7B in decade-long contracts to expand U.S. LEU and HALEU enrichment, aiming to replace Russian fuel and support next-gen reactors.

#nuclearenergy, #uranium, #haleu, #energysecurity, #doe

Alcon forces fourth delay of STAAR Surgical shareholder vote on $1.6 billion takeover

Alcon triggered a fourth postponement of STAAR’s takeover vote to Jan. 6, as Broadwood and proxy advisers keep opposition high despite a higher price.

#alcon, #staar, #mergers, #shareholdervote, #proxyadvisors