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New York landlord RXR purchased a 49% stake in Manhattan's 1211 Avenue of the Americas, the office building that houses the headquarters of Rupert Murdoch's News Corp.

ValueAct Capital Management posted a net return of 21% in its flagship fund last year, according to a person with knowledge of the matter, as it doubles down in the technology and media sectors.

Los Angeles plunged into its worst natural disaster in decades as wildfires driven by hurricane-strength wind gusts tore through prosperous neighborhoods, killed at least two people and forced more than 100,000 residents to flee.

The Biden administration is racing to put out an executive order meant to shore up US cybersecurity in its dwindling days in office, according to four people familiar with the matter.

Asian stocks were poised for a muted open after Wall Street traders refrained from making big bets, with US equity markets set to close ahead of Friday's jobs report.

Sparc Group, the operator of fashion brands including Lucky, Eddie Bauer, Aeropostale, Forever 21 and Brooks Brothers, has merged with JCPenney to form a new company called Catalyst Brands, according to a release Wednesday afternoon.

The wildfires raging out of control around Los Angeles will likely cause between $52 billion to $57 billion in damages and economic loss, according to a preliminary estimate by AccuWeather Inc.

The most expensive wildfire in US history could put a $5 billion hole in the state-sponsored home insurer of last resort.

Even as Russia seems to have the upper hand in its invasion of Ukraine, the Kremlin faces a growing number of challenges that will complicate any effort to lock in its gains, the outgoing Pentagon chief said.

President Joe Biden's administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies .. ...