Category: PMN Business

Dec 12

Data Center DigiCo REIT to Debut After Australia’s Biggest IPO Since 2018

Article content (Bloomberg) — Shares of data center operator DigiCo Infrastructure REIT are set to start trading in Sydney on Friday after a A$2 billion ($1.3 billion) initial public offering that was Australia’s biggest in more than six years. Article content The deal — Australia’s largest since oil refiner Viva Energy Group Ltd.’s listing in […]
Dec 12

FTC sues largest US wine and spirits distributor, saying it discriminates against smaller stores

Article content The Federal Trade Commission sued the largest U.S. distributor of wine and spirits on Thursday, saying it is illegally discriminating against small and independent businesses. Article content Southern Glazer’s Wine and Spirits doesn’t give small and independent stores access to discounts and rebates that larger chains receive, putting the smaller stores at a […]
Dec 10

A federal judge temporarily halts the proposed supermarket merger of Kroger and Albertsons

Article content PORTLAND, Ore. — A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal. Article content U.S. District Court Judge Adrienne Nelson issued the ruling Tuesday after holding a three-week hearing in Portland, Oregon. Kroger and Albertsons in 2022 proposed what would […]
Dec 10

UPS driver who crashed while drinking beers is not entitled to workers compensation for his injuries

Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Randall Chase Published Dec 10, 2024  •  3 minute read Article content DOVER, Del. (AP) — A UPS driver who crashed his truck after downing several beers while driving is not entitled to workers’ compensation for his injuries, a Delaware judge has […]
Dec 9

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

Article content Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. Article content In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019. […]