Pudgy Penguins accused of trademark infringement by classic penguin costume brand

Germany plans to sell up to 74.12% of its stake in Uniper, with Apollo joining the bidders. Other parties vying for the stake include EPH, Equinor, and KKR. The sale could value the company at around 10 billion euros. Background: Uniper was taken over by the German government in 2022 under a 13.5-billion-euro (15.1 billion USD) rescue package, following the energy crisis triggered by Russia’s invasion of Ukraine which heavily impacted the company's finances. Since the bailout, Berlin has recouped approximately 3.5 billion euros from Uniper, including repayments and dividends. As Germany’s largest gas importer, Uniper's potential sale could be one of Europe’s biggest utility transactions this year, highlighting the strategic importance of the company in the region's energy security. Comments on the deal: Energy supply has increasingly become a major geopolitical and strategic concern globally, as highlighted by supply disruptions from the Iran conflict and recent sabotage attempts targeting power infrastructure. Given Uniper's central role in German energy security, its future ownership is under close scrutiny. The German finance ministry, which oversees the government’s 99.12% holding in Uniper—advised by UBS and JPMorgan—is aiming to sell up to 74.12% to comply with the EU mandate to reduce its stake to a “blocking minority” by 2028. According to earlier Reuters reporting, Czech energy group EPH, controlled by billionaire Daniel Kretinsky, and a consortium comprising Brookfield and Canadian CPPIB, have already submitted indicative offers. Equinor and a consortium of KKR and German utility RWE have also reportedly made bids. KKR, RWE, and Equinor declined to comment. In terms of process, Uniper is being sold through a dual-track sale, where the government is also exploring a potential IPO. This public listing is reportedly favored by Uniper’s unions, who fear potential break-up of the company under new ownership. Apollo and Uniper both declined to comment for Reuters. A source involved in the talks said bidders are expected to learn in the coming weeks whether they advance to the next round. All sources requested anonymity as they are not authorized to speak publicly. (1 USD = 0.8933 euros)

11:10 AM EDT, 10/07/2026 (MT Newswires) -- TD Synnex (SNX) said Wednesday it agreed to acquire BlueStar, a specialty technology distributor. Financial terms of the transaction were not disclosed. The deal will combine BlueStar's specialized expertise and portfolio with TD Synnex's global reach and resources, expanding opportunities for customers and vendors. TD Synnex and BlueStar will continue operating independently until the transaction closes. Shares of TD Synnex were down more than 2% in Wednesday trading. Price: 272.39, Change: -6.00, Percent Change: -2.15

Venture Firm Behind Chip Startup Groq Targets $10 Billion Megafund Winning bets on hot AI startups are vaulting a little-known Dallas firm into a small group of firms raising gigantic funds. ---- How one trend-following fund outperformed rivals by bringing humans back into the decision-making process One trend-following fund has outperformed rivals this year by deciding to take profits. ---- Financial Services Roundup: Market Talk Find insight on Tower, Banco Santander and more in the latest Market Talks covering financial services. ---- Wall Street Bonuses Are Expected to Hit Another High This Year New York reports that the industry is now on pace for $90 billion in profits this year, leading to higher compensation. ---- Fintech Plaid Bets on Credit Scores to Fuel Next Phase of Growth EXCLUSIVE: Plaid is doubling down on its credit-scoring business with new AI models as the company aims to chart its next era of growth with a suite of products beyond its core business. ---- Companies Raise More Than $1 Trillion in Equity Markets, But AI, Bond Yields Sour Mood Markets had been expecting a bumper quarter following an ebullient start to the year crowned by SpaceX's record-breaking IPO. ---- Forbion Raises $2.6 Billion in Boost to European Biotech Industry Dutch haul comes despite European drugmakers and investors warning the region is losing ground. ---- Hackers Use Chinese AI Tool to Hit South Korean Banks, Exposing New Risk The attacks were the latest to highlight the vulnerability of even hardened targets to hackers using freely available artificial-intelligence tools. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- NYSE Owner Launches Gold Futures in London The contract began trading Monday alongside new futures for silver, platinum and palladium. ---- Dan Ives Launches Another AI Fund Amid Conflict of Interest Questions A new closed-end fund carrying Dan Ives' name seizes o