Seven & i Holdings named director Stephen Dacus as the new chief executive and said it aims to list its North American convenience-store unit by the end of 2026.

Eleven's Japanese owner, Seven & i, announced measures to counter a Canadian takeover, including a $13.2 billion share buyback and IPO of its US unit. They also appointed Stephen Hayes Dacus as the first foreign CEO.

Seven & i (OTCPK:SVNDY) has appointed its first foreign CEO, and announced plans to take its convenience store business public and implement an over $13B stock buyback, as it seeks to unlock significant shareholder value.

Microsoft Corp. has withdrawn from some of its commitments with cloud computing provider CoreWeave due to delivery issues and missed deadlines, the Financial Times reported on Thursday.

Deals with Microsoft represented 62 per cent of CoreWeave’s total revenues last year. The tech giant has pulled out from some of its deals with the company over delivery issues and missed deadlines