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bloomberg

U.S. weighs security reviews for Musk deals, including Twitter buy – Bloomberg News

October 21, 2022October 20, 2022
U. S. Weighs security reviews for musk deals, including twitter buy - bloomberg news - photo licensed by shore news network.

(Reuters) -Biden Administration officials are discussing whether the United States should subject some of Elon Musk’s ventures to national review including the deal for Twitter …

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Credit Suisse taps RBC, Morgan Stanley for capital increase -Bloomberg News

October 18, 2022
Credit suisse taps rbc, morgan stanley for capital increase -bloomberg news - photo licensed by shore news network.

(Reuters) -Credit Suisse Group AG is working with banks including Royal Bank of Canada (RBC) and Morgan Stanley on a potential capital increase, should it …

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Intel plans to cut thousands of jobs hit by PC slowdown – Bloomberg News

October 11, 2022
Intel plans to cut thousands of jobs hit by pc slowdown - bloomberg news - photo licensed by shore news network.

(Reuters) -Chipmaker Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal …

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Credit Suisse faces U.S. tax probe, senate inquiry – Bloomberg News

October 11, 2022
Credit suisse faces u. S. Tax probe, senate inquiry - bloomberg news - photo licensed by shore news network.

(Reuters) -The U.S. Justice Department is investigating whether Credit Suisse continued helping U.S. clients hide assets from authorities, eight years after the Swiss bank paid …

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India’s Adani Group in talks to buy Jaiprakash’s cement unit for $606 million – Bloomberg

October 10, 2022
India's adani group in talks to buy jaiprakash's cement unit for $606 million - bloomberg - photo licensed by shore news network.

BENGALURU (Reuters) -India’s Adani Group is in advanced talks to buy debt-laden Jaiprakash Associates Ltd’s cement business for $606 million, Bloomberg News reported on Monday, …

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Disney’s ESPN nears large partnership deal with DraftKings – Bloomberg News

October 6, 2022
Disney's espn nears large partnership deal with draftkings - bloomberg news - photo licensed by shore news network.

(Reuters) – Walt Disney Co’s ESPN is nearing a large new partnership deal with sports-betting firm DraftKings Inc, Bloomberg News reported on Thursday, citing people …

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Blackstone in talks to buy Emerson’s assets for up to $10 billion – Bloomberg News

October 4, 2022
Blackstone in talks to buy emerson's assets for up to $10 billion - bloomberg news - photo licensed by shore news network.

(Reuters) – Emerson Electric Co is in talks with U.S. buyout firm Blackstone Inc to sell a part of its commercial and residential solution business …

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Amazon plans to close several U.S. call centers – Bloomberg News

September 28, 2022
Amazon plans to close several u. S. Call centers - bloomberg news - photo licensed by shore news network.

(Reuters) – Amazon.com Inc is planning to close several call centers in the United States in a move toward remote working, Bloomberg News reported on …

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Courbit-led group offers 20 euros a share for M6 stake – Bloomberg News

September 25, 2022
Courbit-led group offers 20 euros a share for m6 stake - bloomberg news - photo licensed by shore news network.

(Reuters) – French media mogul Stephane Courbit and his investor partners are said to have offered 20 euros ($19) a share for Bertelsmann SE & …

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JPMorgan, ICBC Standard pull back from China metal financing -Bloomberg News

September 16, 2022
Jpmorgan, icbc standard pull back from china metal financing -bloomberg news - photo licensed by shore news network.

(Reuters) -JPMorgan Chase & Co and ICBC Standard Bank Plc are cutting back on financing to China’s troubled metals trade, Bloomberg News reported on Friday, …

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Bayer has started search for successor for CEO Baumann -Bloomberg

September 13, 2022
Bayer has started search for successor for ceo baumann -bloomberg - photo licensed by shore news network.

FRANKFURT (Reuters) – Bayer’s supervisory board has initiated a search for a successor to Chief Executive Werner Baumann, who has said he would not seek …

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China tells banks to report exposure to Fosun – Bloomberg News

September 13, 2022
China tells banks to report exposure to fosun - bloomberg news - photo licensed by shore news network.

(Reuters) – Chinese regulators have told the country’s biggest banks and state-owned firms to start a round of checks on their financial exposure to Chinese …

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LME debates opening on day of Queen’s funeral – Bloomberg News

September 12, 2022
Lme debates opening on day of queen's funeral - bloomberg news - photo licensed by shore news network.

(Reuters) – The London Metal Exchange (LME) is unsure about whether it should open on the day of Queen Elizabeth’s funeral, Bloomberg News reported on …

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U.S. DOJ short-selling probe looks at trading in Amazon, Microsoft, JPM – Bloomberg News

September 12, 2022
U. S. Doj short-selling probe looks at trading in amazon, microsoft, jpm - bloomberg news - photo licensed by shore news network.

(Reuters) – The U.S Department of Justice has subpoenaed some short sellers for trading information on firms including Amazon.com Inc, Microsoft Corp and JPMorgan Chase …

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Philip Morris may lower Swedish Match offer threshold – Bloomberg News

September 5, 2022
Philip morris may lower swedish match offer threshold - bloomberg news - photo licensed by shore news network.

By Marie Mannes Philip Morris is considering lowering the acceptance threshold on its bid for Swedish Match, Bloomberg News reported on Monday, citing people familiar …

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Pakistan Finance Minister expects economy to grow more than 3.5% this FY – Bloomberg News

September 4, 2022
Pakistan finance minister expects economy to grow more than 3. 5% this fy - bloomberg news - photo licensed by shore news network.

(Reuters) – Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News …

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Russia mulls buying $70 billion in yuan and other ‘friendly’ currencies- Bloomberg

September 1, 2022
Russia mulls buying $70 billion in yuan and other 'friendly' currencies- bloomberg - photo licensed by shore news network.

(Reuters) – Russia is considering a plan to buy as much as $70 billion in yuan and other “friendly” currencies this year to slow the …

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Apple chief privacy officer set to leave company for law firm -Bloomberg News

August 30, 2022
Apple chief privacy officer set to leave company for law firm -bloomberg news - photo licensed by shore news network.

(Reuters) – Apple Inc’s Chief Privacy Officer Jane Horvath will be leaving the company soon to work at a law firm, Bloomberg News reported on …

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Fed’s Kashkari: ‘happy’ with market reaction to Powell speech -Bloomberg

August 29, 2022
Fed's kashkari: 'happy' with market reaction to powell speech -bloomberg - photo licensed by shore news network.

(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Monday said he felt the stock market selloff that followed Fed Chair Jerome Powell’s hawkish …

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Netflix considers $7-$9 per month for ad-supported subscription

August 27, 2022August 27, 2022
Netflix considers $7-$9 per month for ad-supported subscription - photo licensed by shore news network.

Netflix Inc is looking to charge about $7 to $9 per month for its new advertising-supported subscription plan, Bloomberg news reported late on Friday. The …

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Credit Suisse top shareholder asks for investment bank overhaul – Bloomberg News

August 19, 2022
Credit suisse top shareholder asks for investment bank overhaul - bloomberg news - photo licensed by shore news network.

(Reuters) – Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment bank unit or seek other options, …

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Qualcomm planning return to server market with new chip – Bloomberg News

August 18, 2022
Qualcomm planning return to server market with new chip - bloomberg news - photo licensed by shore news network.

(Reuters) – Qualcomm Inc is considering a return to the server market with a new chip in a bid to decrease its reliance on smartphones, …

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Apple sets Sept 5 deadline for employees to return to office – Bloomberg

August 16, 2022August 15, 2022
Apple sets sept 5 deadline for employees to return to office - bloomberg - photo licensed by shore news network.

(Reuters) -Apple Inc has set a Sept. 5 deadline for corporate employees to return to office at least three days a week, a Bloomberg News …

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Prada seeks $1 billion valuation in Milan listing – Bloomberg News

August 12, 2022
Prada seeks $1 billion valuation in milan listing - bloomberg news - photo licensed by shore news network.

(Reuters) – Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman …

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China orders audit of $3 trillion trust industry – Bloomberg News

August 9, 2022
China orders audit of $3 trillion trust industry - bloomberg news - photo licensed by shore news network.

(Reuters) – China’s top auditor is conducting a review of the $3 trillion trust industry, Bloomberg News reported on Tuesday, citing people familiar with the …

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Bangladesh seeking $2 Billion from World Bank, ADB – Bloomberg News

August 3, 2022
Bangladesh seeking $2 billion from world bank, adb - bloomberg news - photo licensed by shore news network.

(Reuters) – Bangladesh is seeking $2 billion from the World Bank and the Asian Development Bank (ADB) amid efforts to bolster its foreign exchange reserves, …

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Citigroup plans 500 hires for new wealth unit – Bloomberg News

August 2, 2022
Citigroup plans 500 hires for new wealth unit - bloomberg news - photo licensed by shore news network.

(Reuters) – Citigroup Inc is planning to hire 500 employees over the next three years for a new wealth division, Bloomberg News reported on Tuesday, …

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China leaders say 5.5% GDP growth is guidance, not hard target – Bloomberg News

August 1, 2022
China leaders say 5. 5% gdp growth is guidance, not hard target - bloomberg news - photo licensed by shore news network.

(Reuters) – Chinese leaders told the government that this year’s economic growth of about 5.5% is a guidance and not a hard target in a …

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Southern CEO Fanning to exit, hunt on for successor – Bloomberg News

July 29, 2022
Southern ceo fanning to exit, hunt on for successor - bloomberg news - photo licensed by shore news network.

(Reuters) – U.S. utility Southern Co Chief Executive Tom Fanning is expected to step down by the end of this year and the company has …

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AbbVie’s Allergan reaches $2 billion opioid lawsuit settlement – Bloomberg News

July 27, 2022
Abbvie's allergan reaches $2 billion opioid lawsuit settlement - bloomberg news - photo licensed by shore news network.

(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 …

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Activist Investor Elliott builds stake in PayPal – Bloomberg News

July 26, 2022
Activist investor elliott builds stake in paypal - bloomberg news - photo licensed by shore news network.

(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 …

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ECB’s Kazaks says big hikes may not be over after July move – Bloomberg

July 25, 2022
Ecb's kazaks says big hikes may not be over after july move - bloomberg - photo licensed by shore news network.

(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 …

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Citi, Goldman, BofA in talks with regulators over texting fine – Bloomberg

July 15, 2022
Citi, goldman, bofa in talks with regulators over texting fine - bloomberg - photo licensed by shore news network.

(Reuters) – Citigroup, Goldman Sachs and Bank of America are in discussions with regulators to pay around $200 million each in fines over failing to …

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China will agree to $4 billion aid for Sri Lanka ‘at some point’ – Bloomberg News

July 15, 2022

(Corrects to add dropped word ‘Sri Lanka’ to headline) (Reuters) – Sri Lanka is continuing negotiations with China for as much as $4 billion in …

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Tepco considering joining Japan investment partners to bid for Toshiba -Bloomberg

July 5, 2022
Tepco considering joining japan investment partners to bid for toshiba -bloomberg - photo licensed by shore news network.

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 …

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Goldman Sachs expects over $1.2 billion losses from consumer unit this year – Bloomberg News

June 28, 2022
Goldman sachs expects over $1. 2 billion losses from consumer unit this year - bloomberg news - photo licensed by shore news network.

(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 …

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Bridgewater’s bearish bets on European stocks jump to $10.5 billion – Bloomberg News

June 23, 2022
Bridgewater's bearish bets on european stocks jump to $10. 5 billion - bloomberg news - photo licensed by shore news network.

(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 …

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MarketAxess, Tradeweb and Bloomberg plan joint EU bond price feed

June 22, 2022
Marketaxess, tradeweb and bloomberg plan joint eu bond price feed - photo licensed by shore news network.

By Huw Jones LONDON – MarketAxess, Tradeweb and Bloomberg said on Wednesday they were exploring a single price feed for corporate and government bonds in …

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Finnair to adapt and shrink after Russian airspace closure, CEO tells Bloomberg

June 10, 2022
Finnair to adapt and shrink after russian airspace closure, ceo tells bloomberg - photo licensed by shore news network.

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 …

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Apple to improve working hours for retail staff – Bloomberg News

June 2, 2022
Apple to improve working hours for retail staff - bloomberg news - photo licensed by shore news network.

(Reuters) – Apple Inc will make work schedules for retail staff flexible amid a push towards unionization, Bloomberg News reported on Thursday, citing sources. The …

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Nikola founder Trevor Milton votes against issuing new shares – Bloomberg News

June 2, 2022
Nikola founder trevor milton votes against issuing new shares - bloomberg news - photo licensed by shore news network.

(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 …

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Citi’s fat-finger trade could cost bank more than $50 million – Bloomberg Law

June 2, 2022
Citi's fat-finger trade could cost bank more than $50 million - bloomberg law - photo licensed by shore news network.

(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 …

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Apple to keep iPhone production flat in 2022 – Bloomberg News

May 26, 2022
Apple to keep iphone production flat in 2022 - bloomberg news - photo licensed by shore news network.

(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 …

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HSBC weighs IPO of Indonesia business – Bloomberg News

May 26, 2022
Hsbc weighs ipo of indonesia business - bloomberg news - photo licensed by shore news network.

(Reuters) – HSBC Holdings PLC is considering an initial public offering of its Indonesian business, as the bank aims to target the growing investment demand …

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Citi in talks to buy Deutsche Bank Mexico – Bloomberg Law

May 24, 2022
Citi in talks to buy deutsche bank mexico - bloomberg law - photo licensed by shore news network.

(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 …

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Musk’s $44-billion deal for Twitter proceeding as expected – Bloomberg News

May 19, 2022
Musk's $44-billion deal for twitter proceeding as expected - bloomberg news - photo licensed by shore news network.

(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 …

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Apple delays plan to have workers in office 3 days a week – Bloomberg News

May 17, 2022
Apple delays plan to have workers in office 3 days a week - bloomberg news - photo licensed by shore news network.

(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 …

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Carlyle in talks to buy U.S. defense contractor ManTech – Bloomberg News

May 15, 2022
Carlyle in talks to buy u. S. Defense contractor mantech - bloomberg news - photo licensed by shore news network.

(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 …

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Musk looks to scrap Tesla margin loan with new Twitter funding – Bloomberg Law

May 12, 2022
Musk looks to scrap tesla margin loan with new twitter funding - bloomberg law - photo licensed by shore news network.

(Reuters) – Elon Musk is in talks to raise enough equity and preferred financing for his proposed buyout of Twitter Inc to negate the need …

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Carl Icahn in truce talks with Southwest Gas board – Bloomberg News

May 4, 2022
Carl icahn in truce talks with southwest gas board - bloomberg news - photo licensed by shore news network.

(Reuters) – Billionaire Carl Icahn is in talks with Southwest Gas Holdings Inc to reach a truce that could see the activist investor take as …

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