Automotive

PSA and Fiat Chrysler close in on mega-merger

Shareholders gave their blessing on Monday to a merger of carmakers PSA and Fiat Chrysler that catapults the new company "Stellantis" into fourth place globally, as the auto industry races to make the transition to cleaner ...

Security

Researcher explores effect of hospital mergers on data breaches

The period during and after hospital mergers and acquisitions is an especially vulnerable time for patient data when the chance of a cybersecurity breach more than doubles, according to research by a University of Texas at ...

Business

UK probes Microsoft-OpenAI partnership

Britain's competition watchdog announced on Friday that it was looking into whether a partnership between US tech giant Microsoft and artificial intelligence developer OpenAI resembles a merger.

Business

US regulators wary of Big Tech swallowing startups

US anti-trust regulators signalled Wednesday greater scrutiny of Big Tech giants' smaller acquisitions, a potential new avenue in efforts to curb the dominance of the companies.

Business

T-Mobile lays off engineering, network employees

T-Mobile has laid off several workers in engineering and network jobs this week as part of a restructuring program after the company's merger with Sprint two years ago.

Business

European automakers idle plants during virus crisis

European automakers began shutting down factories Monday as governments impose confinement and other measures to curtail the coronavirus outbreak, which is expected to take a heavy toll on national economies.

Business

Fiat Chrysler posts weaker sales, higher net profit

Fiat Chrysler (FCA) has been hit by slowing sales that have afflicted the car industry worldwide, but the Italian-US automaker said Wednesday that it nonetheless managed to boost second-quarter profits.

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