US weighs sanctioning Huawei’s Chinese chip network, Bloomberg News reports
(Reuters) – The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co, Bloomberg News reported on Wednesday citing people familiar with the matter. The companies…
AbbVie’s Allergan reaches $2 billion opioid lawsuit settlement – Bloomberg News
(Reuters) – AbbVie Inc’s unit Allergan has reached an agreement to pay over $2 billion to resolve thousands of lawsuits related to the marketing of its opioid painkiller, Bloomberg News reported on…
Activist Investor Elliott builds stake in PayPal – Bloomberg News
(Reuters) -Activist investor Elliott Investment Management is building a stake in PayPal Holdings Inc, as it plans to push the fintech giant to ramp up its cost-reduction efforts, Bloomberg News reported, citing…
ECB’s Kazaks says big hikes may not be over after July move – Bloomberg
(Reuters) – The European Central Bank (ECB) may not be done with big interest rate hikes after its initial half-point hike last week, Latvian central bank governor Martins Kazaks said in an…
Citi, Goldman, BofA in talks with regulators over texting fine – Bloomberg
(Reuters) – Citigroup, Goldman Sachs and Bank of America are in discussions with regulators to pay around $200 million each in fines over failing to monitor employees’ use of unauthorized messaging apps,…
China will agree to $4 billion aid for Sri Lanka ‘at some point’ – Bloomberg News
(Corrects to add dropped word ‘Sri Lanka’ to headline) (Reuters) – Sri Lanka is continuing negotiations with China for as much as $4 billion in aid and is confident Beijing will agree…
Tepco considering joining Japan investment partners to bid for Toshiba -Bloomberg
TOKYO – Tokyo Electric Power Co (Tepco) is considering joining a partnership between state-backed Japan Investment Corp and Japan Industrial Partners to bid for Toshiba Corp, Bloomberg News reported, citing people familiar…
Goldman Sachs expects over $1.2 billion losses from consumer unit this year – Bloomberg News
(Reuters) – Goldman Sachs Group Inc’s internal projections show the bank’s consumer unit will record losses of more than $1.2 billion this year, Bloomberg News reported on Tuesday, citing people with knowledge…
Bridgewater’s bearish bets on European stocks jump to $10.5 billion – Bloomberg News
(Reuters) – Bridgewater Associates has raised its short position on European stocks to $10.5 billion, nearly doubling from the previous week, according to a Bloomberg News report on Thursday, in a sign…
MarketAxess, Tradeweb and Bloomberg plan joint EU bond price feed
By Huw Jones LONDON – MarketAxess, Tradeweb and Bloomberg said on Wednesday they were exploring a single price feed for corporate and government bonds in the European Union as the bloc works…
Finnair to adapt and shrink after Russian airspace closure, CEO tells Bloomberg
HELSINKI – Finland’s national carrier Finnair, hit hard by the closure of Russian airspace, plans to shift its focus away from Asia travel and reduce the size of its operations, the chief…
Apple to improve working hours for retail staff – Bloomberg News
(Reuters) – Apple Inc will make work schedules for retail staff flexible amid a push towards unionization, Bloomberg News reported on Thursday, citing sources. The company told staff at some stores that…
Nikola founder Trevor Milton votes against issuing new shares – Bloomberg News
(Reuters) – Nikola Corp’s founder Trevor Milton voted against the electric vehicle company’s proposal to issue new shares at the company’s annual general meeting, a Bloomberg News report on Thursday, citing sources.…
Citi’s fat-finger trade could cost bank more than $50 million – Bloomberg Law
(Reuters) – Citigroup Inc could record losses of more than $50 million after a London-based employee’s fat-finger trade caused a flash crash in European stocks last month, Bloomberg Law reported on Thursday,…
Apple to keep iPhone production flat in 2022 – Bloomberg News
(Reuters) – Apple Inc plans to keep iPhone production for 2022 roughly flat at about 220 million units, Bloomberg News on Thursday, as China’s COVID-19 curbs, global supply chain issues, and cooling…
HSBC weighs IPO of Indonesia business – Bloomberg News
(Reuters) – HSBC Holdings PLC is considering an initial public offering of its Indonesian business, as the bank aims to target the growing investment demand in the country, Bloomberg news reported on…
Citi in talks to buy Deutsche Bank Mexico – Bloomberg Law
(Reuters) – Citigroup Inc is weighing a deal to buy Deutsche Bank AG’s Mexican bank, Bloomberg Law reported on Tuesday, citing people familiar with the matter. Citi is planning to set up…
Musk’s $44-billion deal for Twitter proceeding as expected – Bloomberg News
(Reuters) – Twitter Inc executives told staff that Tesla Inc Chief Executive Elon Musk’s $44-billion deal was proceeding as expected and would not renegotiate the offer price, Bloomberg News reporter tweeted on…
Apple delays plan to have workers in office 3 days a week – Bloomberg News
(Reuters) – Apple Inc is indefinitely delaying a plan that would require employees to work from office three days a week due to rising COVID-19 cases, Bloomberg News reported nL3N2V73MG on Tuesday.…
Carlyle in talks to buy U.S. defense contractor ManTech – Bloomberg News
(Reuters) – Private equity firm Carlyle Group Inc is in advanced talks to buy U.S. defense contractor ManTech International Corp in a deal valuing it at about $4 billion, Bloomberg News reported…
Musk looks to scrap Tesla margin loan with new Twitter funding – Bloomberg Law
(Reuters) – Elon Musk is in talks to raise enough equity and preferred financing for his proposed buyout of Twitter Inc to negate the need for a $6.25 billion margin loan linked…
Carl Icahn in truce talks with Southwest Gas board – Bloomberg News
(Reuters) – Billionaire Carl Icahn is in talks with Southwest Gas Holdings Inc to reach a truce that could see the activist investor take as many as four seats on the board,…
Bloomberg reporters in Turkey acquitted over 2018 currency crisis article
ISTANBUL – A Turkish court on Friday acquitted 33 people, including two Bloomberg reporters and other journalists from local media, of spreading false information about the economy in an article and tweets…
‘Bad Politics And Even Worse Policy’: Bloomberg Attacks Biden Admin Over Charter School Crackdown
‘Bad Politics And Even Worse Policy’: Bloomberg Attacks Biden Admin Over Charter School Crackdown Kendall Tietz on April 28, 2022 Former New York City Mayor Michael Bloomberg attacked President Joe Biden’s administration…
Biden Vs Bloomberg: Dems At Odds Over Charter Schools
Biden Vs Bloomberg: Dems At Odds Over Charter Schools Kendall Tietz on April 27, 2022 Democrats differ on public school funding and the future of charter schools, with former Democratic presidential Michael…
India wants to be friends with West but needs Russian help to defend borders, says Finance Minister -Bloomberg
MUMBAI – India wants to be strong friends with the “liberal world” but it needs Russia’s assistance to defend its borders, Finance Minister Nirmala Sitharaman told Bloomberg in an interview in Washington.…
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