Press Digest: New York Times business news - October 27

Microsoft

Tue 04:44

Oct 27 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
     
- Meta Platforms META.O said it plans to raiseup to $95 billion in its largest-ever equity fundraising, following which SpaceX SPCX.O said it had closed a $40 billion debt round to pay for the chips it needed for its data centers. 
     
- Microsoft MSFT.O said it is offering voluntary buyouts to about 60,000 employees, or more than a quarter of its global workforce, as the technology giant looks to contain costs and help fund its massive AI investment.
     
- A US appeals court ruled against President Donald Trump's administration, denying a request to block California from counting mail ballots from more than 20,000 registered voters the federal government alleges are likely noncitizens.
     
- US judge Ana Reyes extended a court order blocking President Donald Trump's plans to renovate a historic Washington golf course at East Potomac Park, where she had deemed a removal of trees "inexcusable".

(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))