
Japanese electronics giant Panasonic announced it will exit its US television business, transferring the assets to Chinese competitor Skyworth. The handover includes parts of Panasonic's foreign TV operations, marking a strategic retreat from the market. Deal terms were not disclosed.

Chipmaker swaps last year’s complex framework with AI start-up in favour of equity cheque

Bank of America announced a $25 billion commitment to expand its private credit lending platform, positioning the bank alongside peers that have recently deepened direct‑lending capabilities. The move targets middle‑market companies seeking non‑bank financing amid a low‑interest-rate backdrop. BoA expects the...

Walmart posted a record‑breaking fourth‑quarter revenue, climbing 5.6% year‑over‑year, yet it was overtaken by Amazon as the world’s top retailer for the first time. Amazon’s total sales surge stems from its dominant e‑commerce platform and rapid expansion of Amazon Web...

Energy group’s shares dropped nearly 10% before paring their loss for the day

Bank of America announced a $25bn commitment to expand its private credit lending activities, aiming to capture more opportunities in the sector as concerns rise about its health. The move follows similar initiatives by other Wall Street institutions.

PacifiCorp, the energy arm of Berkshire Hathaway, announced the sale of a portfolio of power assets to Portland General Electric for $1.9 billion. The transaction covers several wind farms, associated transmission infrastructure, and a natural‑gas‑fired plant in Oregon. This marks one...