(Reuters) - Paramount Global's ( PARAA ) majority shareholder Shari Redstone has abruptly ended talks for a potential merger with David Ellison's production company Skydance Media, effectively killing the deal that was in the works for several months. Redstone, the daughter of late media tycoon Sumner Redstone, was widely expected to sell her family's stake to Ellison as part of...

06:49 AM EDT, 06/12/2024 (MT Newswires) -- Microsoft ( MSFT ) has chosen Taiwanese chip design firm MediaTek to develop an AI-compatible Arm Holdings (ARM) personal computer chip that will run its Windows operating system, Reuters reported Wednesday, citing unnamed people familiar with the matter. The MediaTek chip is scheduled to launch in 2025 after Microsoft's ( MSFT ) exclusive...

MADRID, June 12 (Reuters) - U.S. car maker Ford said on Wednesday it plans to cut about 1,600 jobs at its assembly plant in Valencia, Spain. The company, which employs about 4,700 workers at the factory, told unions it plans to eliminate 600 jobs permanently, while it is open to negotiate the possible rehiring of about 1,000 workers later as...

06:47 AM EDT, 06/12/2024 (MT Newswires) -- GDI Integrated Facility Services ( GDIFF ) , a commercial facility services provider, said on Tuesday that Stephane Lavigne will retire as chief financial officer and senior vice president. Lavigne, who will transition out of this role effective Sept. 30, will serve as an adviser to the company and the finance team over...