Business

Starbucks sells 60% stake in China business in $4 billion deal

Starbucks sells 60% stake in China business in $4 billion deal

Starbucks said Monday it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement, Boyu will pay $4 billion to acquire a 60% i...

Read More
First clinical trial transplanting pig kidneys into people begins

First clinical trial transplanting pig kidneys into people begins

WASHINGTON (AP) — The first clinical trial is getting underway to see if transplanting pig kidneys into people might really save lives. United Therapeutics, a producer of gene-edited pig kidneys, ...

Read More
Consumers: Selling Michigan dams, paying double for power cheapest route

Consumers: Selling Michigan dams, paying double for power cheapest route

Consumers Energy plans to pay a premium price to buy back power from its 13 hydropower dams after selling them to a private equity firm for $1 apiece, the company revealed Friday in filings with s...

Read More
Microsoft $9.7 billion deal with IREN will give it access to Nvidia chips

Microsoft $9.7 billion deal with IREN will give it access to Nvidia chips

Microsoft has entered into a $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia’s chips. The five-year deal, w...

Read More
Mining giant Anglo American faces class action appeal over alleged lead poisoning in Zambia

Mining giant Anglo American faces class action appeal over alleged lead poisoning in Zambia

CAPE TOWN, South Africa (AP) — An appeal hearing opened Monday in South Africa on whether a subsidiary of British-based mining company Anglo American PLC was responsible for lead poisoning over de...

Read More
Microsoft to ship 60,000 Nvidia AI chips to UAE under US-approved deal

Microsoft to ship 60,000 Nvidia AI chips to UAE under US-approved deal

WASHINGTON (AP) — Microsoft said Monday it will be shipping Nvidia’s most advanced artificial intelligence chips to the United Arab Emirates as part of a deal approved by the U.S. Commerce Departm...

Read More