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Business
Anglo boss says potential suitors must pay ‘right number’ for group
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The chief executive of Anglo American has called on…
The history of Estée Lauder, one of the world’s leading cosmetic brands, beginning with an $800 sale
Estée Lauder is one of the world's leading cosmetic companies. To date, the company is worth billions and has over 20 brands under its name. Today, Estée Lauder sells a large…
Thames Water credit rating slashed as utility races to avoid nationalisation
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water’s credit rating has been slashed to the…
OpenAI reportedly looking to strip control from nonprofit board, go for-profit in restructuring
OpenAI is working on a corporate restructuring plan that would pull control from the ChatGPT creator's nonprofit board and transform the organization into primarily a…
Chevron will leave John Hess off its board to win merger approval
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chevron will agree to exclude the chief executive of Hess…
Long-term mortgage rates drop to 2-year low
Mortgage rates barely moved this week, but long-term notes declined to the lowest levels Americans have seen since 2022. Freddie Mac's latest Primary Mortgage Market Survey,…
Workers getting share in windfalls as private equity firms soften image
Stay informed with free updatesSimply sign up to the Private equitymyFT Digest -- delivered directly to your inbox.KKR’s top dealmakers landed in Denver on Wednesday for a…
Car dealerships expected to feel effects of port strike: Have repairs done now, expert says
The looming work stoppage by dockworkers at ports throughout the East and Gulf coasts could severely disrupt car dealerships around the country. An extended port strike would…
Palantir defies the doubters on Wall Street
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Palantir, the US software company famous for its work…
Stuart Varney: Democrat policies are destroying America's biggest cities
During his "My Take," Thursday, "Varney & Co." host Stuart Varney discussed the plight of Democrat-run big cities after New York City Mayor Eric Adams was indicted on…