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By Hyunjoo Jin and Heekyong Yang SUWON, South Korea (Reuters) -Samsung Electronics said on Wednesday it is looking at major deals to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year. The South Korean firm has been suffering from weak earnings and sagging share prices in recent quarters after falling behind rivals in advanced memory chips and contract chip manufacturing, which have enjoyed strong demand from AI projects. Shareholders slammed management for poor stock performance and called for measures to revive…

By Arunima Kumar (Reuters) – Oil prices fell on Wednesday after Russia agreed to U.S. President Donald Trump’s proposal that Moscow and Kyiv temporarily stop attacking each other’s energy infrastructure, a move that could eventually pave the way for Russian oil to enter global markets. Brent crude futures were down 59 cents, or 0.84%, to $69.97 a barrel at 0924 GMT. U.S. West Texas Intermediate crude (WTI) was down 60 cents, or 0.90%, at $66.30. Russian President Vladimir Putin agreed on Tuesday to stop attacking Ukrainian energy facilities but stopped short of endorsing a full 30-day ceasefire that Trump hoped…

By Rishav Chatterjee (Reuters) – Australian department store owner Myer on Wednesday posted lower interim earnings, citing logistical challenges at a distribution centre in Victoria and strategic review costs, while painting a gloomy outlook due to weak economic conditions. The firm, which finalised the purchase of the apparel brands portfolio from rival Premier Investments in January, said the sales for the first five weeks in the second half of the fiscal year were already down by 2.6%. Shares in Sydney dropped 10.5% to A$0.68 and hit their lowest since June 24, 2024. Total sales at the retailer were A$1.83 billion…

(Reuters) -Activist investor Starboard Value is planning to launch a proxy fight at design-software maker Autodesk, the Wall Street Journal reported on Tuesday. Starboard, which holds more than a $500 million stake in Autodesk, intends to nominate a minority slate of director candidates ahead of the tech company’s coming annual meeting, the report said, citing people familiar with the matter. Starboard has accused Autodesk previously of “subpar operational and financial performance” and also said the company “intentionally” misled investors after the company disclosed an accounting issue last year. In August, the activist investor urged Autodesk to change its CEO and…

TOKYO, March 10, 2025–(BUSINESS WIRE)–Kaname Capital (“We,” “Our,” “Us”) submitted an open letter on February 18th with eight questions of concern regarding the MBO announced by PROTO Corporation (“PROTO Corporation” or “the Company”) by its founder, Chairman Yokoyama. In the spirit of “fair disclosure,” we requested PROTO Corporation publish its response to our questions by 5 p.m. on February 28. Although a response was sent directly to us by the deadline, we have not publicly confirmed the Company’s reply until today.1 Despite our intention to make any new information contained on the Company’s reply to our open letter available to…

SAN ANTONIO, March 10, 2025–(BUSINESS WIRE)–ArchPoint Group, Inc., the parent company of Acadian Crossing Consumer Products, LLC, is pleased to announce it has entered into definitive agreements to acquire a 50% equity interest in NatureStar North America, LLC, an innovative company renowned for its Matter® brand portfolio of environmentally friendly compostable and regenerative consumer products. This strategic acquisition adds the Matter® portfolio of products to Acadian Crossing’s offerings and provides Acadian Crossing with access to NatureStar North America’s cutting-edge material science innovation, research and development of globally certified biopolymers and biofiber technology, a vertically integrated supply chain, established operations, and…

NTT’s annual summit to cover what it means to innovate in a new reality shaped by AI News Highlights: Upgrade 2025 to explore the impact of AI on a range of technologies transforming our present and future under the overarching event theme of “Innovation for the New Reality.” The two-day event to be held on April 9-10, 2025, at the Metreon City View in San Francisco will feature multiple keynotes and panel discussions, anchored by an EXPO showcasing more than 25 exhibits. Topics to be covered during presentations at Upgrade 2025 include IOWN (Innovative Optical and Wireless Network), photonic devices…

Park Hospitality Holdings Receives Award Honoring Corry Oakes, OTO Development’s Co-Founder and CEO; Additional Owners, Operators and Developers Received Honors CHICAGO, March 10, 2025–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) announced the renaming of its Strategic Partner award to The Corry Oakes Strategic Partner Award, honoring the legacy of OTO Development’s co-founder and CEO who passed away unexpectedly in 2022. This award, as well as additional honors including two new categories, Purpose & Care and Operational Excellence, were presented at Grand Hyatt Baha Mar during Hyatt’s 2025 Americas Owners Conference. The theme of the conference, Business is Personal, was reflected throughout…

NEW YORK, March 19, 2025–(BUSINESS WIRE)–Ducera Partners LLC (“Ducera”), a leading investment bank, today announced that Andrew Vogt has joined the firm as a Managing Director. He will be based in the firm’s San Francisco office and will focus on advising clients on an array of technology-related mergers and acquisitions (“M&A”) mandates. Mr. Vogt brings more than 15 years of experience to Ducera and has advised on M&A transactions totaling over $20 billion. Before joining Ducera, Mr. Vogt was a Managing Director and founding member of Tidal Partners, a boutique advisory firm focused on the technology sector. Previously, he held…

Nearly half of companies cite Mexico as their biggest tariff-related challenge, while 54% are stockpiling goods—signaling a shift away from just-in-time supply chains PHILADELPHIA, March 19, 2025–(BUSINESS WIRE)–Unstable trade policies are accelerating supply chain transformations, with companies making real-time shifts to stay competitive. A new survey of 500 supply chain and procurement professionals by Qlik®, a global leader in data integration, data quality, analytics, and artificial intelligence (AI), reveals that 49% of companies now see Mexico as their biggest tariff-related disruption—more than those citing China (45%). To mitigate risks, 54% are stockpiling goods, moving away from lean supply models in…