ORGANIZATION

Alphabet eyes $2 trillion value after blowout results

Google parent company Alphabet Inc advanced nearer to joining peers Apple Inc and Microsoft Corp in the elite $2 trillion market valuation club on Wednesday as the search giant's shares surged more than 8% following a blowout quarterly report.

Microsoft-Activision deal to be reviewed by Federal Trade Commission

Microsoft Corp.’s proposed acquisition of Activision Blizzard Inc. will be reviewed in the U.S. by the Federal Trade Commission, placing the fate of the roughly $75 billion deal in the hands of an agency whose leader has questioned acquisitions by powerful technology companies.

GM prioritizes faster EV launches ahead of fatter profits

General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of new electric vehicles, and noted that investments in technology will take priority over richer profits next year.

AT&T sets WarnerMedia spinoff plan and lowers its dividend

AT&T Inc. said it would roughly halve its dividend payout and divest itself of its WarnerMedia division through a spinoff that would give shareholders 0.24 share for each AT&T share they own, a move that would complete its retreat from the entertainment business.