Boodor is Your Go-to Source for the Latest Business News, Stay Informed and Make Informed Decisions.
⎯ 《 Boodor • Com 》
Hilton Q3 revenue beats estimates on higher occupancy levels
Hilton Q3 revenue beats estimates on higher occupancy levels
By Doyinsola Oladipo and Priyamvada C (Reuters) -Hilton Worldwide Holdings beat Wall Street estimates for third-quarter revenue and lifted its
2023-10-25 23:28
Italy proposes bank tax to help people with interest rate hikes, sending stocks plunging
Italy proposes bank tax to help people with interest rate hikes, sending stocks plunging
Italian bank stocks have plunged after the Cabinet approved a proposal to apply a temporary tax on some 2023 bank profits
2023-08-08 21:23
MNTN Named Official Performance TV Partner of BWT Alpine F1 Team Ahead of the Las Vegas Grand Prix
MNTN Named Official Performance TV Partner of BWT Alpine F1 Team Ahead of the Las Vegas Grand Prix
LAS VEGAS--(BUSINESS WIRE)--Nov 16, 2023--
2023-11-16 17:24
Chile's economy up for 2nd straight quarter but recovery still falters
Chile's economy up for 2nd straight quarter but recovery still falters
SANTIAGO (Reuters) -Chile's economy grew for the second quarter in a row in early 2023 but failed to impress market
2023-05-18 23:19
AHF Applauds Continued Effort to Combat Malaria in Africa
AHF Applauds Continued Effort to Combat Malaria in Africa
KAMPALA, Uganda--(BUSINESS WIRE)--Jul 20, 2023--
2023-07-20 13:24
SAP Says It’s Open to Acquisitions After Qualtrics Sale
SAP Says It’s Open to Acquisitions After Qualtrics Sale
SAP SE, which recently agreed to divest its stake in Qualtrics International Inc., is open to making acquisitions
2023-05-17 16:26
US sues to block Xbox takeover of Call of Duty developer Activision Blizzard
US sues to block Xbox takeover of Call of Duty developer Activision Blizzard
The US Federal Trade Commission has sued to stop Microsoft buying Call of Duty developer Activision Blizzard. It is just the latest problem for the deal, which has already been blocked by UK regulators. If completed, it will become one of the largest takeovers ever – but has faced scrutiny from regulators around the world, who argue that it might cause problems for the gaming market. The FTC's Monday filing in a federal court in San Francisco seeks a restraining order and injunction to stop Microsoft's $69 billion purchase of the California gaming company behind hit franchises such as Call of Duty and World of Warcraft. Microsoft, maker of the Xbox game system, has been struggling to win worldwide approval for the deal with just over a month before the deadline to close it, according to the contract it signed with Activision. “We welcome the opportunity to present our case in federal court," said a statement Monday from Brad Smith, Microsoft's vice chair and president. "We believe accelerating the legal process in the U.S will ultimately bring more choice and competition to the market.” The FTC already took Microsoft to court to block the merger, but that was before the U.S. agency's in-house judge in a trial set to start on Aug. 2. That administrative process doesn't preclude the parties from closing the deal. The contract between Microsoft and Activision required the deal to close by July 18, but the FTC's latest action seeks to stop that from happening. “Microsoft and Activision Blizzard have represented in the past that they cannot close their deal due to antitrust reviews of the transaction in other jurisdictions," the FTC said in a statement Monday. "But Microsoft and Activision have not provided assurances that they will maintain that position. In light of that, and public reporting that Microsoft and Activision Blizzard are considering closing their deal imminently, we have filed a request for a temporary restraining order to prevent them from closing while review continues.” Microsoft's other main obstacle is in the United Kingdom, where antitrust regulators have also taken action to block the acquisition. The all-cash deal announced in January 2022 has been scrutinized by regulators around the world over fears that it would give Microsoft and its Xbox console control of Activision's hit franchises and give it an unfair boost in the emerging business of cloud-based game subscriptions. It could be the priciest tech industry merger in history. Fierce opposition has been driven by rival Sony, which makes the PlayStation gaming system. Microsoft sought to counter the resistance by striking a deal with Nintendo to license Activision titles like Call of Duty for 10 years and offering the same to Sony if the deal went ahead. European regulators representing the 27-nation bloc approved the deal last month on condition that Microsoft make some promises meant to boost competition in the cloud-based gaming market. A number of other countries, including China, Japan, Brazil and South Korea, have also approved it. But the blockbuster deal has remained in jeopardy because of the surprise April decision by the U.K.’s Competition and Markets Authority and the ongoing case in the U.S. Microsoft in late May filed an appeal of the British regulator's decision and has also voiced strong public opposition directed at top government officials. U.S.-based consumer advocacy group Public Citizen, an opponent of the deal, welcomed the FTC's move Monday. “Although the agency has already used its authority to block the merger through administrative proceedings, Microsoft is pushing to culminate the purchase of Activision before the agency can finish its process," said a statement from Public Citizen's competition policy advocate Matt Kent. ""By filing in federal court to enjoin the transaction, the FTC is showing that it won’t back down in the face of Microsoft’s escalatory tactics.” Additional reporting by Associated Press
2023-06-14 02:21
Colombia’s Petro Says Cocaine Among Country’s Top Exports
Colombia’s Petro Says Cocaine Among Country’s Top Exports
Colombia’s President Gustavo Petro said cocaine has always been a top export for his country after a report
2023-09-16 08:56
UK public inflation expectations ease in May - Bank of England survey
UK public inflation expectations ease in May - Bank of England survey
LONDON The British public's expectations for inflation in the coming 12 months cooled in May, according to a
2023-06-16 16:54
Foragers and popsicle sellers: a micro-economy among US migrants
Foragers and popsicle sellers: a micro-economy among US migrants
Marco Gonzalez used to fish the river between Mexico and Texas, but now he has a more lucrative harvest -- possessions abandoned by the thousands of migrants...
2023-09-27 10:23
China central bank ramps up liquidity support via policy loans, rate unchanged
China central bank ramps up liquidity support via policy loans, rate unchanged
SHANGHAI China's central bank ramped up liquidity support to the banking system as it rolled over medium-term policy
2023-10-16 10:15
As Israel-Hamas war rages, finance chiefs meeting in Saudi pessimistic
As Israel-Hamas war rages, finance chiefs meeting in Saudi pessimistic
By Hadeel Al Sayegh and Rachna Uppal RIYADH Wall Street's top financiers struck a pessimistic tone about the
2023-10-24 18:52