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Whirlpool’s Stock Surges After Rumored Acquisition Interest From Bosch

American appliances manufacturer Whirlpool has seen its stock go on a massive surge on Wednesday, rallying 17.06%. A likely reason for the jump is a recent report by Reuters that German engineering and technology company Bosch is considering making a bid for the company. According...

Doordash Reportedly Attempted to Acquire UK’s Deliveroo

U.S. food delivery giant Doordash attempted to acquire its UK equivalent Deliveroo according to a recent report by Reuters. However, the two sides disagreed on valuation, and the talks have been terminated for the time being. Doordash reportedly considered buying Deliveroo, one of the top...

UPS Sells Coyote Logistics to RXO in a $1 Billion Deal

United Parcel Service (UPS) is cutting its losses on the freight brokerage firm Coyote Logistics. UPS announced on Sunday that it will sell Coyote Logistics to RXO in a $1.025 billion deal. UPS paid $1.8 billion for Coyote Logistics back in 2015 in an attempt...

American Express Acquires Restaurant Booking Platform Tock in a $400 Million Deal

Credit card company American Express (AmEx) continues to increase its reach in the restaurant industry. AmEx announced on Friday that it has an agreement in place to acquire restaurant booking platform Tock for $400 million in an all-cash deal. Tock, previously owned by website building...

Berkshire Hathaway Increases Its Stake in Occidental Petroleum, Sells Some of China’s BYD Stock

Warren Buffet’s conglomerate Berkshire Hathaway continues to double down on oil giant Occidental Petroleum. In a recent filing, Berkshire disclosed that it now owns a 29% stake in Occidental Petroleum while at the same time selling some of its shares in China’s vehicle maker...

T-Mobile Agrees to Acquire Most of U.S. Cellular in a $4.4 Billion Deal

Communications giant T-Mobile has an agreement in place to acquire most of the mobile network operator U.S. Cellular. The deal, which is expected to be closed at some point in 2025, is worth $4.4 billion. According to an announcement made by T-Mobile, the company will...