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…
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, Bloomberg News reported on Wednesday. Dai Nippon…
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 News reported on Thursday, citing people familiar…
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 on Thursday, citing people familiar with the…
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 News reported, citing people familiar with the…
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 News reported on Friday, citing people familiar…
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 the matter. The iPhone-maker had initially hoped…
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 “comfortable” with raising interest rates further if…
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 familiar with the matter. The talks cover…
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 in its domestic cable networks, Bloomberg News…
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 fund, and instead saddle the biggest banks…
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 people with knowledge of the matter. The…
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 the matter. The e-commerce giant is in…
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 matter. (Reporting by Jahnavi Nidumolu in Bengaluru;…
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 plant in Germany, Bloomberg News reported on…
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 years, CEO Arvind Krishna told Bloomberg News…
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 on borrowing from the Federal Reserve, Bloomberg…
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 with the matter. A sales would help…
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 as soon as this weekend, Bloomberg News…
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, Bloomberg News reported on Tuesday. Around 29%…
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 Asian nation, Bloomberg News reported on Saturday.…
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 plants from Spain’s Iberdrola, Bloomberg News reported…
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% in 2021, Bloomberg News reported on Thursday.…
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, Bloomberg News reported on Thursday, citing people…
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 matter. The layoffs would impact what Apple…
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, citing people familiar with the matter. This…
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