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…
Apple tests several new Macs with next-generation M2 chips – Bloomberg News
(Reuters) – Apple Inc has started internal testing of several Mac models with next-generation M2 chips, Bloomberg News reported https://bloom.bg/3vkaDCr on Thursday citing developer logs. The company is testing at least nine…
IEA to release 120 million barrels of oil to ease prices – Bloomberg
(Reuters) – The International Energy Agency (IEA) will release 120 million barrels of oil to ease prices, half of which would come from the United States, while other IEA members would provide…
Bank of America to bring workers back to office by June 1 -Bloomberg
NEW YORK – Bank of America told staff earlier this week that it plans to bring workers back to offices by June 1, including those who are not vaccinated, Bloomberg reported on…
Apple mulls more memory chip suppliers, including China – Bloomberg News
(Reuters) – Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, Bloomberg News…
Generali investor Del Vecchio backs Caltagirone’s plan for insurer – Bloomberg
MILAN – A strategic plan for Generali backed by rebel shareholder Francesco Gaetano Caltagirone goes in the right direction by setting up the company for growth, another of the top investors in…
SPACs face fresh SEC threat for bullish forecasts – Bloomberg News
(Reuters) – The U.S. Securities and Exchange Commission (SEC) will propose limiting the legal protections that blank-check companies rely on to make bullish projections, Bloomberg News reported on Tuesday. The regulation will…
Tesla to halt Shanghai factory production amid COVID curbs, Bloomberg News reports
(Reuters) – Tesla Inc is planning to suspend production at its Shanghai factory for at least one day, Bloomberg News reported on Sunday, as China’s financial hub said it would go into…
Tesla delays over $1 billion bond sale backed by auto leases – Bloomberg News
– Electric-car maker Tesla Inc delayed a more than $1 billion offering of bonds backed by leases on its electric vehicles, Bloomberg News reported on Wednesday. The move follows “buy now, pay…
Trafigura seeks funding as commodity surge triggers margin calls – Bloomberg News
– Global commodities trader Trafigura Group has been holding talks with private equity groups to secure additional financing as soaring prices trigger margin calls across the commodities industry, Bloomberg News reported on…
Steve Cohen’s Point72 to redeem $750 million from Melvin Capital – Bloomberg News
– Billionaire investor Steve Cohen’s Point72 Asset Management is pulling out the $750 million it invested in Melvin Capital Management, Bloomberg News reported https://bloom.bg/3whzrgL on Saturday. Point72 will soon start redeeming the…
Some Goldman Sachs employees moving out of Russia to Dubai -Bloomberg News
– Goldman Sachs Group Inc is shifting some of its Moscow-based employees to Dubai as its staff seeks to work from a different location following Russia’s invasion of Ukraine, Bloomberg News reported…
Apple sets April 11 deadline for U.S. corporate staff to return to office – Bloomberg News
– Apple Inc has set April 11 as the deadline for U.S. corporate employees to return to office, Bloomberg News reported on Friday. The iPhone maker has been attempting to bring employees…
Goldman Sachs seeks return of bonuses from bankers for jumping ship – Bloomberg News
-Goldman Sachs Group Inc is exploring measures such as seizing vested pay to dissuade top bankers from leaving, Bloomberg News reported on Wednesday, citing people familiar with the matter. The bank is…
Mike Bloomberg: Democrats On Track For A ‘Wipeout’ In November
Former New York City Mayor and Democratic presidential candidate Michael Bloomberg warned in an op-ed Tuesday that his party was “headed for a wipeout in November, up and down the ballot.” Bloomberg…
Brookfield in talks to buy First Abu Dhabi Bank’s payments arm in $1 billion deal – Bloomberg News
– Canada’s Brookfield Asset Management Inc is in talks to buy the payments business of UAE’s biggest lender First Abu Dhabi Bank PJSC, Bloomberg News reported on Tuesday. The unit, called Magnati,…
Brookfield to target $25 billion for largest infrastructure fund – Bloomberg News
– Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. Brookfield has already started marketing the fund and may…
ECB’s Kazimir calls for ending bond buying in August -Bloomberg
FRANKFURT – European Central Bank policymaker Peter Kazimir on Friday joined a growing camp of rate-setters in favour of ending the ECB’s bond-buying programme, which were designed to boost inflation in the…
Apple raises pay of many U.S. retail employees – Bloomberg News
– Apple Inc is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday. The hikes range from 2% to 10% depending on store location and…
Zillow sells more homes to Pretium as home-flipping operation unwinds – Bloomberg News
– Online real estate platform Zillow Group Inc is selling more properties to New York-based investment firm Pretium Partners as it exits the business of flipping houses, Bloomberg News reported on Friday,…
Purdue’s Sacklers consider adding another $1 billion to opioid settlement – Bloomberg News
– Members of the billionaire Sackler family that owns Purdue Pharma are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win over holdouts,…
Microsoft eyeing deal to buy cybersecurity firm Mandiant -Bloomberg
-Microsoft Corp is considering a deal to buy cybersecurity firm Mandiant Inc , Bloomberg News reported https://www.bloomberg.com/news/articles/2022-02-08/microsoft-is-said-to-pursue-deal-for-cybersecurity-firm-mandiant?sref=V7uxlNge on Tuesday, citing a person familiar with the matter. The talks may not result in…
Housekeeper at Colorado ranch of Michael Bloomberg abducted at gunpoint
By Keith Coffman DENVER – A housekeeper at the Colorado ranch of billionaire Michael Bloomberg was abducted at gunpoint this week by a man who forced her to drive them to Wyoming,…
Apple plans to debut low cost 5G iPhone in March – Bloomberg News
– Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad, Bloomberg News reported on Friday, citing people with knowledge of…
Blackstone, Carlyle consider joint bid for Novartis generics unit – Bloomberg News
– Private equity firms Blackstone Inc and Carlyle Group Inc are in talks about potentially teaming up on a bid for Swiss drugmaker Novartis’ generics unit, Bloomberg News reported on Tuesday, citing…
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