By LiveMint-Business
Peloton Interactive Inc., the long-struggling fitness technology company, slashed 11% of its workforce in a cost-cutting move, according to a person with knowledge of the matter.
Private equity firms Apax Funds and Advent International are pursuing a majority stake in Indian footwear company RedTape, valuing it at ₹4,500 crore-5,000 crore. The promoters, who hold 71.79%, may sell a significant portion of their shares.
Apple Inc. has lost at least four more of its artificial intelligence researchers in recent weeks in addition to a top Siri executive, with the staff headed to employers such as Meta Platforms Inc. and Google DeepMind.
Canadian Prime Minister Mark Carney and Bank of Canada Governor Tiff Macklem congratulated Kevin Warsh on his nomination to lead the Federal Reserve.
