#Elon Musk sued by Twitter investors for late stake disclosure

#Elon Musk sued by Twitter investors for late stake disclosure

“Elon Musk sued by Twitter investors for late stake disclosure” Billionaire Elon Musk was sued by Twitter investors for delayed disclosure of his stake in the social media company in a complaint filed on Wednesday in California federal court. The investors said Musk saved himself $156 million by failing to disclose that he had purchased more than 5% of…

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#Chipmaker Broadcom to buy VMware in  billon deal

#Chipmaker Broadcom to buy VMware in $61 billon deal

“Chipmaker Broadcom to buy VMware in $61 billon deal” Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. The proposed deal comes just weeks after billionaire and Tesla CEO…

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#Twitter rescinds job offer to new hire

#Twitter rescinds job offer to new hire

“Twitter rescinds job offer to new hire” A recently hired Twitter employee’s job offer was reportedly rescinded last week as the social-media giant frantically slashes costs during buyout talks with Elon Musk. The scorned job seeker, identified as a male Palo Alto-based tech worker, said he had already begun preparations for the Mexico-based role on…

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#Back-to-office shopping sprees fueling huge growth at Macy’s

#Back-to-office shopping sprees fueling huge growth at Macy’s

“Back-to-office shopping sprees fueling huge growth at Macy’s” Macy’s shares soared 19% on Thursday after the department-store giant reported better-than-expected profits, saying its customers are splurging on new work outfits as they return to the office post-pandemic. The largest department store in the US is selling lots of blazers, dresses, accessories and make-up as consumers…

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#Justin Timberlake sells his song catalog for 0M

#Justin Timberlake sells his song catalog for $100M

“Justin Timberlake sells his song catalog for $100M” Singer Justin Timberlake became the latest artist to cash out his song catalogue, selling the rights to such hits as “SexyBack” and “Cry Me a River” to a London-based music investment company backed by private equity firm Blackstone. The terms of the deal with Hipgnosis Song Management…

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