WASHINGTON (Reuters) -China-based DJI sued the U.S. Defense Department on Friday for adding the drone maker to a list of companies allegedly working with Beijing's military, saying the designation is wrong and has caused the company significant financial harm. DJI, the world's largest drone manufacturer that sells more than half of all U.S. commercial drones, asked a U.S. District Judge...

(Reuters) - Investors in Amsterdam-based Nebius Group expect volatile trading on Monday when the AI infrastructure firm's Nasdaq listing, formerly held by Yandex, often dubbed Russia's Google, is revived following a lengthy suspension.  Trading was suspended soon after Russia's February 2022 invasion of Ukraine, when the stock traded under Yandex's ticker through its Amsterdam-based parent company. In July, Nebius emerged...

05:19 AM EDT, 10/21/2024 (MT Newswires) -- Hedge fund Starboard Value has purchased a stake in Kenvue ( KVUE ) , media outlets reported Sunday, citing unnamed sources. The size of the stake remains unclear, The Wall Street Journal, which first reported on the news, said. Specific ideas could also not be learned, according to the report. Meanwhile, one of...

Oct 21 (Reuters) - China's state-owned CITIC Ltd ( CTPCF ) has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald's China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million. (Reporting by Roshan Thomas in Bengaluru; Editing by Arun Koyyur) ...