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Stuff that matters

AIG names CEO Zaffino as chairman

American International Group (AIG.N) said on Wednesday Chief Executive Officer Peter Zaffino would take on the additional role of board chairman from next year, replacing Brian Duperreault. Zaffino became AIG’s

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$10 bln U.S. battle for Britain’s Morrisons heads for auction

The $10 billion takeover battle for British supermarket group Morrisons (MRW.L) between two U.S. private equity groups looks set to be decided by a rarely used auction process. Morrisons said

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Ryanair ready to wait years for Boeing to cut prices, says O’Leary

Ryanair is willing to wait years for Boeing (BA.N) to drop its prices before placing a big new plane order with the U.S. company, Chief Executive Michael O’Leary told Reuters,

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Chinese government summons gaming firms, says it will crack down on ride-hailing

China’s government on Wednesday summoned gaming firms including Tencent Holdings Ltd (0700.HK) and NetEase Inc (9999.HK) to ensure they implement new rules for the sector. It also said it would

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PayPal’s $2.7 bln Japan deal heats up buy now, pay later race

U.S. payments giant PayPal Holdings Inc (PYPL.O) said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal, taking another step to

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Nvidia seeks EU approval for Arm deal, decision due Oct. 13

Nvidia (NVDA.O) on Wednesday sought EU antitrust approval of its $54 billion takeover of British chip designer Arm, according to a European Commission filing, with regulators likely to echo worries

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Dollar General upbeat on holiday inventory amid industry-wide shortages

Dollar General Corp (DG.N) said on Wednesday its shelves would be stacked with regular Halloween and holiday products this year even as many other U.S. retailers grapple with empty racks

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