

Michael J. de la Merced
Posts

Berkshire Hathaway Reports Profit of $97 Billion Last Year, a Record
The conglomerate saw major gains in its insurance operations and in investment income. But revenues at its railroad and utility businesses declined from 2022.

Rising Markets Lift Hedge Funds to Huge Gains
The 20 best-performing hedge funds made $67 billion in gains last year, a big jump from the year before.

Rising Markets Lift Hedge Funds to Huge Gains
The 20 best-performing hedge funds made $67 billion in gains last year, a big jump from the year before.

Disney Gains Support From ValueAct Capital as Nelson Peltz Challenges Board
ValueAct Capital, known for working constructively with boards, said it would support the media giant’s director nominees amid a challenge by Nelson Peltz.

2024 M&A Outlook After a Rough Year for Deal Makers
Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.

Figma’s CEO, Dylan Field, Laments Demise of His $20 Billion Adobe Deal
Dylan Field believed that selling his software company to a bigger rival would be good for competition and consumers. Regulators saw it differently.

Adobe Scraps Its $20 Billion Takeover of Figma
Adobe will pay a $1 billion breakup fee to the design software maker, amid greater antitrust scrutiny of mergers.

U.S. Steel Bought by Japanese Rival, Ending Long Takeover Saga
The $14.1 billion deal comes after months of uncertainty about the future of the century-old steel maker.

Web Summit Chief Steps Down Over Israel Remarks
Paddy Cosgrave, the C.E.O. of the tech conference, said he would resign as Alphabet, Meta and Intel joined other companies pulling out of a show...

‘Start-Up Nation’ Is Tested as Israel’s Reservists Leave Their Desks
The tech industry in Israel, including many small firms, is trying to adjust as a big military mobilization cuts their work force.