Intelsat, SES end talks on $10 billion merger – Bloomberg News
(Reuters) – Intelsat SA has ended negotiations to combine with SES SA as it was not able to reach an agreement with the satellite company …
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Google seeks suppliers to move some Pixel production to India – Bloomberg News
NEW DELHI (Reuters) -Alphabet Inc’s Google has begun early conversations with domestic suppliers to move some production of its Pixel smartphone to India, Bloomberg News …
Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg
(Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a note from strategists at Goldman …
China considers broad stimulus with property support, rate cuts -Bloomberg News
(Reuters) – China is considering at least a dozen stimulus measures including interest-rate reductions to support areas such as real estate and domestic demand, Bloomberg …
Apollo, Bain, possible bidders for Fujitsu’s $2.7 billion stake in Shinko – Bloomberg News
(Reuters) – Fujitsu Ltd’s controlling stake in Shinko Electric Industries Co has attracted interests from Apollo Global Management Inc and Bain Capital as potential bidders, …
Brahman Capital shuts hedge fund as profits dry up – Bloomberg News
(Reuters) – New York-based investment management company Brahman Capital Corp is closing one of its equity hedge fund and returning cash to its clients, Bloomberg …
First Republic Bank paid some employees salaries of more than $10 million before collapse – Bloomberg News
(Reuters) – First Republic Bank was paying dozens of employees more than $10 million apiece annually in the heyday before its collapse, Bloomberg News reported …
Vedanta raises about $850 million via JPMorgan, Oaktree loan – Bloomberg News
(Reuters) – Vedanta Group, the promoter of metals-to-oil conglomerate Vedanta Ltd, has signed a five-year loan for about $850 million with JPMorgan and Oaktree, Bloomberg …
Instagram prepares Twitter competitor for summer release – Bloomberg News
(Reuters) – Meta Platforms’ Instagram is planning to release a text-based app that will compete with Twitter and may debut as soon as June, Bloomberg …
Apple slashes sales estimates of its headset – Bloomberg News
(Reuters) – Apple Inc has lowered sales estimates for its long-awaited mixed-reality headsets by about two-thirds, Bloomberg News reported on Thursday, citing people familiar with …
Fed’s Barkin: ‘Comfortable’ with more hikes if needed – Bloomberg TV
(Reuters) – Richmond Federal Reserve President Thomas Barkin on Tuesday he likes the “optionality” implied in the central bank’s latest policy statement, but he is …
Delta considers large Airbus wide-body order for long-haul flights – Bloomberg
(Reuters) – Delta Air Lines Inc is in talks with Airbus SE for a large wide-body aircraft order, Bloomberg News reported on Monday, citing people …
Paramount Global cuts 25% of staff in its domestic cable networks – Bloomberg News
(Reuters) -Media company Paramount Global, looking to reduce costs as it merges its Showtime and MTV networks, is letting go about 25% of the staff …
FDIC plans to hit big banks with fees to refill deposit insurance fund – Bloomberg News
(Reuters) -The U.S. Federal Deposit Insurance Corporation is planning to exempt smaller lenders from kicking in extra money to replenish the government’s bedrock deposit insurance …
Microsoft helping finance AMD’s expansion into AI chips – Bloomberg News
(Reuters) – Microsoft Corp is working with Advanced Micro Devices Inc on the chipmaker’s expansion into artificial intelligence processors, Bloomberg News reported on Thursday, citing …
Alibaba’s global online commerce arm weighs US IPO – Bloomberg News
(Reuters) -Alibaba Group Holding Ltd’s international online shopping unit is exploring a U.S. initial public offering, Bloomberg News reported on Thursday citing people familiar with …
PacWest is weighing strategic options, including possible sale – Bloomberg News
(Reuters) – PacWest Bancorp has been weighing a range of strategic options, including a sale, Bloomberg News reported on Wednesday, citing people familiar with the …
TSMC, partners plan to invest up to $11 billion in German fabrication plant -Bloomberg News
(Reuters) -Taiwan Semiconductor Manufacturing Co is in talks with partners to invest as much as 10 billion euros ($11.04 billion) to build a chip fabrication …
IBM to pause hiring in plan to replace 7,800 jobs with AI – Bloomberg News
(Reuters) -International Business Machines Corp expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming …
First Republic faces potential curb on borrowing from Fed – Bloomberg News
(Reuters) -U.S. bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank, which could lead it to face potential curbs …
First Republic Bank exploring up to $100 billion in asset sales – Bloomberg News
(Reuters) – Troubled lender First Republic Bank is exploring an asset sale of up to $100 billion, Bloomberg News reported on Tuesday, citing people familiar …
Bed Bath & Beyond considers asset sales, Sixth Street bankruptcy loan – Bloomberg News
(Reuters) – Bed Bath & Beyond Inc is considering sales of assets and intellectual property as part of a potential bankruptcy filing that could come …
Adani Group debt increases 21% over past year – Bloomberg News
(Reuters) – Adani Group’s debt pile rose almost 21% over the past year and the proportion held by global banks rose to nearly a third, …
IMF seeks more funding assurances before pact on Pakistan aid – Bloomberg News
(Reuters) – The International Monetary Fund is seeking “necessary” financing assurances from Pakistan as soon as possible to conclude a bailout pact with the South …
BBVA, Santander, BofA want to back Mexico’s $6 billion power deal – Bloomberg News
(Reuters) – Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Bank of America Corp together plan to fund Mexico’s $6 billion deal to purchase power …
Apple now makes almost 7% of its iPhones in India – Bloomberg News
(Reuters) – Apple Inc has significantly increased its production of iPhones in India, accounting for almost 7% of its total iPhone production, up from 1% …
Boeing plans to boost 737 jet output – Bloomberg News
(Reuters) – Boeing Co is planning to increase the output of its 737 jets to 38 planes a month by the middle of the year, …
Apple to cut small number of jobs in some corporate retail teams – Bloomberg News
(Reuters) -Apple Inc is eliminating a small number of roles within its corporate retail teams, Bloomberg News reported on Monday, citing people familiar with the …
Viterra plans to exit Russian grain trade – Bloomberg
PARIS (Reuters) – Global grain trader Viterra is planning to stop grain trading in Russia, the world’s largest wheat exporter, Bloomberg News reported on Wednesday, …
White House’s Sullivan speaks with China’s top diplomat Wang Yi -Bloomberg
(Reuters) – White House national security advisor Jake Sullivan spoke with China’s top diplomat Wang Yi on Friday, Bloomberg News reported on Tuesday, citing people …
US officials study ways to expand FDIC coverage to all deposits -Bloomberg News
(Reuters) – U.S officials are looking at ways to temporarily expand Federal Deposit Insurance Corp (FDIC) coverage to all deposits, Bloomberg News reported on Monday. …
U.S. authorities weighing in on possible Credit Suisse-UBS deal: Bloomberg News
(Reuters) – U.S. authorities are working with Swiss counterparts to broker a deal for UBS AG to buy all or part of Credit Suisse Group …
UBS seeks Swiss backstop in any Credit Suisse deal – Bloomberg News
(Reuters) – UBS Group AG is asking the Swiss government for a backstop if it were to buy Credit Suisse Group AG, Bloomberg News reported …
Santander halts $942 million subprime auto ABS sale amid turmoil – Bloomberg News
(Reuters) – Santander Consumer USA on Wednesday postponed the sale of bonds worth $942 million that are backed by subprime auto loans as the deepening …
Swiss government holds talks on options to stabilize Credit Suisse – Bloomberg News
(Reuters) – Swiss authorities and Credit Suisse Group AG are discussing ways to stabilize the bank, Bloomberg reported on Wednesday, citing people familiar with the …
FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says
(Reuters) – The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group, is racing to sell assets and make …
UK plans 11 billion stg business tax break in budget – Bloomberg News
(Reuters) – British finance minister Jeremy Hunt will hand businesses a three-year tax break worth 11 billion pounds ($13.23 billion) by replacing the UK’s investment …
Visa, Mastercard pause work on code to track gun purchases – Bloomberg News
(Reuters) – Visa Inc and Mastercard Inc have decided to pause implementing a plan that would track transactions at firearms and ammunition stores, Bloomberg News …
Apple to shake up international businesses’ management to focus on India – Bloomberg News
(Reuters) – Apple Inc is reshuffling management of its international businesses to put a bigger focus on India, Bloomberg News reported on Wednesday citing people …
Silvergate in talks with FDIC officials on ways to salvage bank – Bloomberg News
(Reuters) – U.S. federal officials have been discussing with Silvergate Capital Corp’s management to avoid a shutdown, Bloomberg News reported on Tuesday, citing people familiar …
Italy close to approve CDP, Macquarie bid for TIM’s grid- Bloomberg News
(Reuters) – Italy is close to granting preliminary approval to a multibillion-euro offer by state lender CDP and Macquarie Group for Telecom Italia’s landline network, …
Apple cloud chief Abbott to step down in April – Bloomberg News
(Reuters) -Apple Inc’s top executive Michael Abbott, who is in charge of cloud services, is leaving the company in April, Bloomberg News reported on Friday …
Americanas’ top shareholders boost injection offer to $1.9 billion -Bloomberg News
(Reuters) – The top shareholders of retailer Americanas SA are informally offering a capital injection of 10 billion reais ($1.9 billion), Bloomberg reported on Thursday, …
U.S. preparing antitrust suit to block Adobe plan to buy Figma -Bloomberg News
(Reuters) – The U.S. Justice Department is preparing an antitrust lawsuit to block software maker Adobe Inc’s $20 billion bid for cloud-based designer platform Figma, …
White House to consider Andrew Ferguson as U.S. FTC commissioner -Bloomberg News
(Reuters) – The White House is considering naming Virginia Solicitor General Andrew Ferguson as a Republican commissioner for the Federal Trade Commission (FTC), Bloomberg News …
Musk shuts two Twitter India offices, Bloomberg News reports
(Reuters) – Twitter Inc has closed two of its three offices in India, Bloomberg News reported on Friday, citing people familiar with the matter. The …
Tesla to halt some China production for upgrades – Bloomberg News
(Reuters) – Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility to make a refreshed version …
Crypto exchange Kraken under scrutiny for sale of unregistered securities- Bloomberg
(Reuters) – Cryptocurrency exchange Kraken is under investigation by the U.S. Securities and Exchange Commission for the sale of unregistered securities, according to a Bloomberg …
Barrick rules out rival bid for Australia’s Newcrest – Bloomberg
MELBOURNE (Reuters) – Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had …
SEC asks big hedge funds for employee phone review – Bloomberg News
The U.S. Securities and Exchange Commission has asked some major hedge funds to review certain employees’ personal mobile phones for evidence of business dealings on …