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Universal rejects billionaire Bill Ackman's takeover bid
Universal rejects billionaire Bill Ackman's takeover bid Just nowShareSaveAdd as preferred on GoogleArchie MitchellBusiness reporterGetty ImagesTaylor Swift is one of the music artists signed to Universal Music Group Universal Music Group, the entertainment giant behind acts such as Taylor Swift, Sabrina Carpenter and Kendrick Lamar, has rejected a takeover offer by billionaire Bill Ackman's investment firm.The music giant said Pershing Square's $64.3bn (£48bn) takeover offer was "not in the bes...
OpenAI Has Discussed Adding Citigroup, JPMorgan to Bank Lineup for IPO
OpenAI has spoken with banks including Citigroup Inc. and JPMorgan Chase & Co. about working on its upcoming initial public offering, according to people familiar with the matter.
Watching Real Consumption: Priya Misra
Priya Misra, portfolio manager of the Core Plus Bond ETF at JPMorgan Asset Management, joins Katie Greifeld on "Bloomberg Real Yield." (Source: Bloomberg)
Dell Soars Most in Two Years on Outlook
Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, says "in terms of scale" he would put his money on Dell. Dell shares surged the most in two years on Friday after the hardware maker gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work. (Source: Bloomberg)
Aldi announces major £5bn update on eggs, meat, fruit and vegetables
Aldi announces major £5bn update on eggs, meat, fruit and vegetablesAldi is making a major update on eggs, meat, fruit and vegetables. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Jennifer Pinto, Audience writer 20:11, Fri, May 29, 2026 Updated: 20:12, Fri, May 29, 2026 Aldi has announced a major £5 billion boost for British farmers (Image: Getty)Aldi is making a major update on eggs, meat, fruit and ve...
US Jobless Claims Tick Up To 215K, AI Tech Debt Binge | Real Yield 5/29/2026
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: JPMorgan Asset Management Core Plus Bond ETF Portfolio Manager Priya Misra, Columbia Threadneedle Investments Global Head, Fixed Income Gene Tannuzzo, Barclays Head of US Credit Strategy Dominique Toublan, and Payden & Rygel Head of Investment Grade Corporates Natalie Trevithick. (Source: Bloomberg)
Castlelake Considers Making Offer to Buy UK’s EasyJet
Castlelake LP is considering a possible offer for UK-based discount carrier EasyJet Plc, the private credit firm said in a statement.
Bloomberg Money: Coming June 5th
Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Each episode explores how people are making and spending money -- connecting the people and ideas shaping how we think about wealth. A smart, fast-paced hour that gives viewers the best tools to assess their financial futures. (Source: Bloomberg)
No tax charges filed in SPLC probe after IRS lawyers found informant program lawful
Exclusive Politics No tax charges filed in Southern Poverty Law Center probe, after IRS lawyers determined informant program legally structured, sources say By Sarah N. Lynch Sarah N. Lynch Senior Justice Department Reporter Sarah N. Lynch is the senior Justice Department reporter for CBS News, based in Washington, D.C. Read Full Bio Sarah N. Lynch Updated on: May 29, 2026 / 2:49 PM EDT / CBS News Add CBS News on Google Federal agents previously investigated the Southern Poverty Law Center's pai...
What to Know About the SpaceX IPO
Elon Musk’s SpaceX is poised to have the largest stock-market debut in history when it holds its initial public offering in June. SpaceX is aiming to raise as much as $75 billion in the listing, more than twice the previous record holder, at a valuation of at least $1.8 trillion.
Universal Music Group Rejects Bill Ackman’s $65 Billion Bid That ‘Undervalues’ Firm
BreakingBusinessUniversal Music Group Rejects Bill Ackman’s $65 Billion Bid That ‘Undervalues’ FirmByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorMay 29, 2026, 02:44pm EDTToplineUniversal Music Group on Friday rejected a $65 billion takeover offer from Bill Ackman’s Pershing Square Capital, arguing the bid “undervalues” the music giant, following opposition from its largest billionaire-backed shareholder. The offer “fundamentally and materially...
UK government divided over minimum wage increase in face of youth jobs crisis
Exclusive: Some fear raising rate for people aged 18-20 will exacerbate unemployment while others point to lack of evidenceRising rates of youth unemployment have created a split at the top of government over how fast it should meet its promise to give young people the full minimum wage.Peter Kyle, the business secretary, is understood to believe now is not the time to give 18- to 20-year-olds the full minimum wage, which Labour promised to do in its manifesto. Continue reading...
5 ways to cut your HVAC energy bill without sacrificing comfort
Sponsored MoneyWatch: Managing Your Money 5 ways to cut your HVAC energy bill without sacrificing comfort We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where...
Trafigura Awarded $92 Million in Arbitration With Zambia’s ZCCM
A London arbitration tribunal ordered Zambia’s majority state-owned investment company, ZCCM Investments Holdings Plc, to pay Trafigura about $92 million in a long-running dispute over a prepayment agreement between the commodity trader and Konkola Copper Mines.
Muni Funds Lure Near-Record Cash as Reinvestment Season Nears
Investors are pouring money back into municipal bonds as higher yields and the approaching summer reinvestment season draw cash into the tax-exempt market.
BOE's Bailey Sees 'Signs of Strains' in Private Credit
Bank of England Governor Andrew Bailey comments on the recent concerns about the private credit market during an interview with Bloomberg's Stephanie Flanders at a central banking conference in Iceland. (Source: Bloomberg)
EU to release billions in frozen funds for Hungary amid Magyar reforms
PM Peter Magyar called the agreement to unlock funds frozen under former leader Orban a 'historic' breakthrough.
TotalEnergies’ Oil Trading Reaps $2 Billion Per Year, CEO Says
TotalEnergies SE’s oil trading activities generally earn the company about $2 billion per year, Chief Executive Officer Patrick Pouyanné said, a rare comment on the vast size of the oil trading operations of some of Europe’s majors.
Deutsche Bank Raises 10-Year Treasury Yield Forecast on Fed View
Interest-rate strategists at Deutsche Bank AG boosted their forecast for the 10-year Treasury yield into the end of the year on the expectation that Federal Reserve officials now led by Chairman Kevin Warsh are finished cutting interest rates.
Infosys CEO's Salary Saw 2.5% Jump In 2026. This Is How Much He Earned
Salil Parekh took home a fixed salary of Rs 7.97 crore and bonuses worth Rs 2335 crore. The Infosys CEO exercising his stock options accounted for the lion's share of his compensation for the year.
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