Anglo Rejects BHP's Fresh $43 Billion Bid

The approach by the Australian mining company shows an eagerness to boost exposure to copper at a time when demand for the metal is expected to rise. 


 
Squarespace to Go Private in $6.6 Billion Takeover by Permira

The website-development company said its shareholders will receive $44 per share in cash, a 15% premium to Friday's closing price. 


 
Intel Nears Deal With Apollo for $11 Billion Ireland Partnership

The investment firm is in exclusive talks to supply the chip giant with cash for a new plant. 


 
Country Garden Avoids Further Default With Payments on Onshore Bonds

Chinese property developer Country Garden made payments on two onshore bonds within a grace period, avoiding default days after the company had said it might turn to a state guarantor for help. 


 
Temu Cools on the U.S. After Shelling Out Billions

The Chinese-owned bargain app is looking to reduce its reliance on American shoppers as growth slows and scrutiny of TikTok grows. 


 
RBC Reorganizes Investment Banking in a Play for More Deals

The bank is naming Matthew Stopnik global investment banking head, based in New York. 


 
Tesla Just Offered a New Deal on Its Model Y

Tesla is offering 0.99% annual percentage rate financing on qualifying Model Y purchases. 


 
Airlines Want to Use AI to Reduce Environmental Impact of Contrails

Researchers are looking at how the technology can help pilots avoid conditions where contrails can form. 


 
This company has been the biggest drag on the S&P 500's results this quarter

Groceries and houses are still way more expensive than they were before the pandemic. This week, two of the nation's largest retailers - Walmart Inc. and Home Depot Inc. - will probably have more to say about it. 


 
Kaiser Permanente's Private-Equity Binge Leads to Sell Off

Healthcare giant Kaiser Permanente became one of the world's largest private-markets investors by 2022, after just a few years of piling into the sector. Now, according to people familiar with the matter, cash constraints are prompting it to sell off large private-investment holdings almost as quickly as they were acquired.


(END) Dow Jones Newswires

05-13-24 1115ET