More than half of Victorian lawyers are using AI in their work, but only 26% report reduced client fees due to efficiency gains, a new study shows. Clients using AI for legal research are often presenting inaccurate information, increasing lawyers' workloads. The survey of 2,221 lawyers was conducted by the Victorian Legal Services Board and Commissioner.
Stephen Schwarzman, founder of Blackstone, prioritizes calls from his wife Christine, daughter Zibby, and the US President. Schwarzman co-founded Blackstone in 1985, which has grown into the world's largest alternative asset manager with over $1 trillion in assets.
FedEx Freight expects fourth-quarter adjusted profit between 65 and 75 cents a share, topping analysts' expectations of 53 cents. The company reported third-quarter revenue rose 8% to $2.44 billion, driven by better yields and fuel surcharges, and forecast revenue for the seven months to December between $5.58 billion and $5.65 billion. The freight unit was spun off from FedEx in June.
Walmart will spend approximately $6 billion over several years to deploy Symbotic's supply chain automation technology across 25 U.S. regional distribution centers. The expanded agreement also supports additional opportunities across Walmart's global supply chain network.
Thrive Holdings, backed by OpenAI, has acquired ADT for $7.6 billion in equity, with an enterprise value of $15.3 billion. The deal aims to revitalize the physical security company with AI-powered technology.
Howard Hanna Real Estate Services has entered the Alabama market by partnering with ARC Realty and Capstone Realty. The deal adds 875 agents across 12 offices in Birmingham, Montgomery, and Huntsville, extending Howard Hanna's presence to 19 states.
Airbnb's nonprofit hosted its inaugural gala on October 28, launching a new initiative where the company will donate 10 cents from each booking to provide 1 million housing nights annually. The event, attended by celebrities, generated online confusion about its purpose.
California is considering a ban on engineered quartz surfaces due to health risks for fabrication workers. The potential regulation is driving contractors and retailers to adopt alternative materials like sintered stone, porcelain, and natural stone, which pose lower silica dust exposure risks. Manufacturers are expanding their lines of safer products in response to the anticipated market shift.
DoorDash has agreed to acquire Instacart for approximately $17 billion, the companies announced Thursday. The deal, expected to close in late 2027 or early 2028, would combine DoorDash's restaurant delivery strength with Instacart's grocery partnerships.
DoorDash has agreed to acquire Instacart for $17 billion, aiming to create a dominant delivery service.
DoorDash will buy Instacart for $17 billion, offering $65 per share, with at least 75% cash consideration.
DoorDash's acquisition of Instacart for $17 billion is part of a broader industry consolidation trend, with other major deals noted.
DoorDash's acquisition of Instacart is expected to close in about a year, expanding Instacart's store selection and DoorDash's retail reach.
DoorDash plans to maintain the Instacart brand and allow its gig workers to accept orders from both platforms.
Real estate brokerages are losing money by focusing on relationship-building over process when recruiting agents, according to a report. In 2025, about 16% of agents changed firms, but the net sales volume for top brands grew only 1.8% as departing agents averaged higher production than their replacements.
Britain's oldest brewery, Shepherd Neame, plans a £15 million investment to build a new, smaller brewery in Faversham, Kent. The company will sell off non-core property to fund the project, which aims to improve efficiency and sustainability. The move is part of a strategy to focus on its own beer brands.
Coca-Cola CEO Henrique Braun expressed disapproval of the slang term 'fridge cigarette' used to describe Diet Coke. The phrase, which Merriam-Webster defines as a cold, refreshing, and addictive soft drink, gained popularity on TikTok in 2025. Braun stated that while consumers can call it what they want, the company does not position Diet Coke in that way.
Perrigo announced on Thursday it will sell its infant formula business to MeridianMade for up to $175 million. The deal includes $40 million in cash at closing and up to $135 million in performance-based payments through 2030. Perrigo expects the transaction to close in the first half of 2027 as it sharpens its focus on over-the-counter medicines and self-care products.
DoorDash's proposed $17 billion acquisition of Instacart is likely to face scrutiny from the Federal Trade Commission, which is focusing on affordability issues for US consumers. The FTC has a history of examining delivery app practices and is currently studying how companies use shopper data to set prices and wages.
The Federal Trade Commission and attorneys general from several states sued restaurant software firm Toast Inc. on Wednesday, alleging hidden fees, unwanted add-ons, and difficulty in canceling services. The lawsuit was filed in October 2026.
Radian Group appointed Dan Kobell as chief financial officer and Courtney Smith Goodrich as chief information officer on Wednesday. The company also created a property and casualty strategy role for Russell Merrett and promoted Craig Knightley to chief underwriting officer, pending approval.
Thailand's PTT Group and Siam Cement Group will establish a joint venture to manufacture commodity-grade plastics, creating one of Southeast Asia's largest producers in the sector. The companies announced the deal on Thursday.
New York City Mayor Zohran Mamdani criticized DoorDash's proposed $17 billion acquisition of Instacart on Thursday, calling it a move that would lead to higher prices and greater economic inequality. Mamdani's comments come after DoorDash announced the deal, which the company's CEO said would result in lower prices and faster delivery times.
Komatsu expects net profit to rise 1% to 382 billion yen in the fiscal year ending March 2027, up from a previous forecast of a 7% drop. The upgrade is driven by stronger-than-expected sales of construction machinery in North and Latin America.
Private equity firm Bridgepoint has appointed Air Chief Marshal Sir Michael Wigston, former head of the Royal Air Force, to advise on its defence sector investments. Wigston's appointment signals a strategic push by Bridgepoint into the growing defence industry.
