Australian grocer Coles Group has ended discussions with TPG Capital over a potential A$4 billion acquisition of Greencross Pet Wellness. The decision, which followed negative investor feedback, sent Coles' shares up as much as 5%.
PayPal's board of directors reportedly believes a $53 billion takeover proposal from Stripe and Advent International undervalues the payments giant and faces significant financing and regulatory risks, according to a Reuters report.
Data analytics firm Databricks is reportedly raising $3 billion in a new funding round led by Coatue Management, pushing its valuation to $188 billion, according to The Wall Street Journal.
Yum! Brands' Taco Bell is voluntarily removing lettuce from an unnamed supplier in certain U.S. states as a precautionary measure following reports linking the ingredient to a widespread parasitic infection outbreak.
The aerospace company's stock fell in after-hours trading after it scrubbed the first major test flight of its Starship megarocket since its June IPO. The setback comes amid a sharp increase in bearish bets against the stock.
The U.S. National Transportation Safety Board will head the investigation into a recent Ryanair Boeing 737 NG engine failure, an incident that raises questions about potential similarities to a fatal 2018 Southwest Airlines event.
SpaceX's 13th test flight of its Starship super-heavy rocket was automatically aborted moments before liftoff from Texas on Thursday. The company is investigating the cause and has delayed the mission by at least 24 hours.
SpaceX called off the latest test launch of its Starship rocket due to an engine ignition failure, according to CEO Elon Musk. The news sent the company's shares down nearly 4% in after-hours trading to a new post-IPO low.
PayPal's board of directors reportedly sees a $53 billion takeover offer from Stripe and Advent International as too low and faces significant regulatory and financing challenges, according to sources familiar with the matter.
