By Anshuman Tripathy (Reuters) -Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO, a new player in the building products distribution industry, saying its proposal “significantly undervalues” the roofing material supplier. Earlier on Wednesday, QXO CEO and billionaire Brad Jacobs made public its $124.25 per share offer for Virginia-based Beacon and […]
Exclusive-Meta warns India antitrust ruling could force roll back of features, hurt business
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Meta may have to “roll back or pause” some features in India due to an antitrust directive which banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes, according to a court filing by the U.S. company seen by Reuters. Meta […]
Trump USDOT nominee says Tesla safety probe will continue
By David Shepardson WASHINGTON (Reuters) – President-elect Donald Trump’s nominee to head the Transportation Department said he would allow an ongoing government probe into Tesla’s advanced driver assistance system to continue. The National Highway Traffic Safety Administration in October opened an investigation into 2.4 million Tesla vehicles equipped with Full Self-Driving (FSD) software after four […]
Biden nods to Trump team in Israel-Hamas ceasefire announcement
By Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden said on Wednesday that Israel and Hamas have reached a ceasefire-and-hostage deal that will end fighting in Gaza, and added it was reached by working alongside the incoming Donald Trump administration. “I can announce a ceasefire and a hostage deal has been reached between Israel […]