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Finance & Markets

Australian Insurer Rejects Daiichi Life's Acquisition Offer

Tokyo, Oct. 27 (Jiji Press)--Major Australian life insurer Challenger Ltd. has rejected an acquisition offer from a local subsidiary of Japanese peer Daiichi Life Group Inc. In a statement released Monday, Challenger said that the offer from TAL Daiichi Life Australia Pty Ltd. (TDA) "is not at a level it could recommend to shareholders." Challenger plans to continue talks regarding the ma...

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Microsoft to offer buyouts to 60,000 workers in new cost cut

Staff will receive benefits similar to a standard severance package, a company spokesperson says

  • Microsoft offers buyouts to 60,000 employees, about a quarter of its workforce
  • Eligible workers receive severance-like benefits, transitioning to AI era
  • Xbox, Windows, Copilot divisions participating, but data centers excluded

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