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Google to invest $2 bn in Malaysia; Nelson Peltz exits Disney; BHP scraps bid to takeover Anglo American, and more
From Google investing $2 billion in Malaysia for its first data center and cloud efforts to Tesla disputing Glass Lewis's advice against Musk's $56 billion pay package, here's a look at recent business developments around the world. Google commits $2 billion to Malaysia for its first data center and cloud efforts. Salesforce shares plummet due to weak revenue. Nelson Peltz exits Disney, selling $1 billion in stock. BHP Group won't bid for Anglo American. Tesla disputes Glass Lewis's advice against Musk's $56 billion pay package. Helen Toner reveals board issues at OpenAI leading to Sam Altman's firing. All this and more on this edition of World Street. Cloud Cash Google has committed to making $2 billion in investments in Malaysia, including its first data center and Google Cloud effort in the region. The pledge marks Google’s largest planned investment in the Southeast Asian nation, said Alphabet Inc. Chief Financial Officer (CFO) Ruth Porat in a statement. Revenue Rut Salesforce shares plummeted as much as 17 percent on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations. It is the first time since 2006 that Salesforce fell short on revenue, according to LSEG data. Source - Money Control
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