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How Walgreens went from pharmacy behemoth to distressed retailer

How Walgreens went from pharmacy behemoth to distressed retailer

(Reuters) -Walgreens Boots Alliance is being taken private by Sycamore Partners for $10 billion, bringing to a close the pharmacy chain operator’s nearly century-long association with the public markets.The following is a timeline of key events in the history of the storied company, which was briefly part of the bluechip Dow Jones Industrial Average index but has seen its shares languish in rece ...

2025-03-08 03:34:21
Microsoft developing AI reasoning models to compete with OpenAI, The Information reports

Microsoft developing AI reasoning models to compete with OpenAI, The Information reports

(Reuters) -Microsoft is developing in-house artificial intelligence reasoning models to compete with OpenAI and may sell them to developers, The Information reported on Friday, citing a person involved in this initiative.The Redmond, Washington-based company, a major backer of OpenAI, has begun testing out models from xAI, Meta (NASDAQ:META) and DeepSeek as potential OpenAI replacements in Copilot ...

2025-03-08 03:32:49
Nissan board to discuss potential CEO successors at March 11 meeting, sources say

Nissan board to discuss potential CEO successors at March 11 meeting, sources say

By Maki Shiraki, Daniel Leussink and Norihiko ShirouzuTOKYO (Reuters) -Directors of Japan’s third-largest automaker Nissan (OTC:NSANY) will discuss potential successors to CEO Makoto Uchida at a meeting on March 11, as his position has become untenable given the worsening performance of the company, three people familiar with the matter said.Candidates being considered include Chief Financial Of ...

2025-03-08 03:30:56
Mizuho TMT analysts say Broadcom is a must-own AI stock

Mizuho TMT analysts say Broadcom is a must-own AI stock

Investing.com -- Mizuho analysts called Broadcom (NASDAQ:AVGO) a "must-own" AI stock in a note Friday, citing its strong earnings beat, growing AI revenue, and leadership in key semiconductor areas. The analysts believe Broadcom’s latest earnings report and guidance make it the standout among AI semiconductor stocks, particularly compared to peers like Nvidia (NASDAQ:NVDA) and Marvell ...

2025-03-08 03:29:40