American Amazon.com Inc. will be closing its Amazon Fresh grocery stores and automated Amazon Go convenience stores, as stated in its blog post. The company is shifting its focus to delivering online food orders and expanding the Whole Foods Market network, which specializes in natural and premium products. Some of the closing locations will be transformed into Whole Foods stores. Amazon...

US bank Citigroup Inc. laid off around 1,000 employees this month and is getting ready for more layoffs in March, according to Reuters, which is quoting people who know about the situation. These new layoffs are expected to happen after the bonus payments are done, as per the same sources. Citigroup's CEO, Jane Fraser, is still working on reorganizing the bank to save costs, deal with...

Paramount Skydance Corp. has prolonged its aggressive bid to purchase Warner Bros. Discovery (WBD) by about a month, until February 20, to allow shareholders additional time for deliberation. As of January 21, the initially stated date, Paramount had obtained tender orders from owners of 168.5 million WBD shares, accounting for 6.8% of the overall outstanding shares. Paramount announced its...

Investment company Berkshire Hathaway Inc. might sell its shares in American food company Kraft Heinz Co., which it has owned for more than ten years. This information was shared by Kraft Heinz in a document submitted to the Securities and Exchange Commission (SEC). Berkshire Hathaway is the biggest shareholder of Kraft Heinz, holding 27.5% of the company's shares, which amounts to 325.442...

Netflix Inc. has secured exclusive global streaming rights to feature films from Sony Pictures Entertainment following their theatrical and pay-per-view releases, according to a joint announcement by both companies. This long-term agreement will start being implemented later this year as rights become available in different regions. Netflix plans to have full global access to these films by early...

Germany's RWE has entered into a final purchase agreement to supply 1 million tonnes of liquefied natural gas (LNG) for a period of 20 years with Texas LNG Brownsville LLC. The LNG project, which has a total production capacity of 4 million tonnes of LNG annually, is being developed by Glenfarne Group in Texas. The specific terms of the contract have not been disclosed, but it is mentioned that...

ASML Holding has become the third European company to reach a market capitalization of more than $500 billion, according to Bloomberg, which is citing market data. Only LVMH, a luxury goods company, and Novo Nordisk, the producer of Ozempic, had previously achieved this milestone in terms of market value. The shares of ASML, a Dutch-based company that makes semiconductor equipment, increased by...

Energy companies Shell and Exxon Mobil have decided not to proceed with the sale of North Sea gas assets to Viaro Energy, a firm controlled by Italian businessperson Francesco Mazzagatti. In a statement, Shell said the transaction could not be finalized because "the conditions required for completion were not satisfied, due to changes in the commercial and market environment," even though the...

Taiwan Semiconductor Manufacturing Company, the world's top custom chip manufacturer, reported a rise in its net profit to NT$505.7 billion, which is approximately $16 billion, for the fourth quarter of 2025. This is compared to $374.68 billion in the same quarter of 2024, as stated in its financial report. According to Bloomberg, analysts estimated the company's profit to be around $467 billion...