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Reuters - 2 hours ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Vedanta Ltd, Performance Food Group Company, Tongwei Updates: Mars, UBS Aug 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Family-owned candy giant Mars is buying Cheez-It maker Kellanova K.N in a nearly $36 billion deal, bringing together some of the biggest consumer brands from M&M's and Snickers to Pringles and Pop- Tarts in one of the biggest deals in the industry.
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Reuters - 6 hours ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Aug 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Betting firm Flutter Entertainment FLTRF.L is in talks to buy Snaitech, one of Italy's largest gambling companies, from UK's Playtech PTEC.L in a deal which could be worth 2 billion pounds ($2.57 billion), Sky News reported .
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Reuters - 16 hours ago

Incorrect alert on Bluebet Holdings' turnover withdrawn

ADVISORY-Incorrect alert on Bluebet Holdings' turnover withdrawn Aug 14 (Reuters) - The full-year turnover alert on Bluebet Holdings BBT.AX is incorrect and has been withdrawn. Bluebet is yet to release its annual results. There will be no substitute. Story number: PLX22FD4C Story date: 14/08/2024 Story time: 11:11:07 PM GMT
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Reuters - 17 hours ago

Intel sells stake in chip designer Arm Holdings

UPDATE 2-Intel sells stake in chip designer Arm Holdings Recasts to add background, analyst comment Aug 13 (Reuters) - Intel INTC.O , which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings ARM.O in the second quarter, a regulatory filing showed on Tuesday.
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Reuters - 18 hours ago

Intel sells stake in chip designer Arm Holdings

Intel sells stake in chip designer Arm Holdings Aug 13 (Reuters) - Intel INTC.O has sold its 1.18 million shares in British chip designer Arm Holdings ARM.O , a regulatory filing showed on Tuesday. Reporting by Jaspreet Singh in Bengaluru; Editing by Shilpi Majumdar
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Reuters - 21 hours ago

Intel is sued by Jewish fired employee over ex-supervisor's alleged antisemitism

Intel is sued by Jewish fired employee over ex-supervisor's alleged antisemitism By Jonathan Stempel NEW YORK, Aug 13 (Reuters) - A Jewish former employee of Intel INTC.O sued the chipmaker on Tuesday, saying he was fired after complaining that the senior executive he reported to openly celebrated antisemitism, Hamas and terrorism against Israel. The plaintiff, a former vice president of engineering using the pseudonym John Doe, said Intel fired him on April 2 in a purported cost-cutting move ba
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Reuters - 1 day ago

AI PCs made up 14% of quarterly personal computer shipments, Canalys says

AI PCs made up 14% of quarterly personal computer shipments, Canalys says Aug 13 (Reuters) - AI PCs accounted for 14% of all personal computers shipped in the second quarter with Apple AAPL.O leading the way, research firm Canalys said on Tuesday, as added artificial intelligence capabilities help reinvigorate demand. WHY IT'S IMPORTANT PC providers and chipmakers have pinned high hopes on devices that can perform AI tasks directly on the system, bypassing the cloud, as the industry slowly emerg
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Reuters - 2 days ago

Synopsys' $35 bln Ansys deal under UK regulator scrutiny

Synopsys' $35 bln Ansys deal under UK regulator scrutiny Aug 12 (Reuters) - UK's competition watchdog said on Monday it was looking into whether chip design software maker Synopsys' SNPS.O $35 billion acquisition of Ansys ANSS.O would affect competition in Britain. The Competition and Markets Authority (CMA) is yet to launch a formal investigation into the deal.
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Reuters - 3 days ago

Reuters U.S. Sports Schedule at 2:04 PM EDT on Sunday, August 11

Reuters U.S. Sports Schedule at 2:04 PM EDT on Sunday, August 11 Aug 11 (Reuters) - Reuters U.S. sports schedule at 2:04 PM EDT on Sunday: - - - - OLYMPICS U.S. dominates final medals table, ties China for golds The United States topped the medals table at the Paris Olympics with 126, outdistancing second-place China by 35. SPORTS-OLY-MEDALS, Field Level Media - - U.S.
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Reuters - 5 days ago

U.S. STOCKS Revance Therapeutics, Insulet, StepStone

BUZZ-U.S. STOCKS ON THE MOVE-Revance Therapeutics, Insulet, StepStone Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes swung between gains and losses on the last day of a tumultuous week that rocked the global markets as the low-yielding yen surged and fears of a recession gripped the world's biggest economy.
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Reuters - 5 days ago

Cisco to lay off thousands more in second job cut this year, sources say

EXCLUSIVE-Cisco to lay off thousands more in second job cut this year, sources say Adds shares in paragraph 6 By Utkarsh Shetti and Supantha Mukherjee Aug 9 (Reuters) - Cisco CSCO.O will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.
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Reuters - 5 days ago

Intel sued for copyright infringement over AI software

UPDATE 1-Intel sued for copyright infringement over AI software Adds response from Intel in paragraph 4 By Blake Brittain Aug 9 (Reuters) - Software maker Anaconda Inc has sued Intel INTC.O in Delaware federal court, accusing the chipmaker of misusing its software for developing artificial-intelligence platforms, according to a lawsuit made public on Friday.
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Reuters - 5 days ago

U.S. STOCKS Synchrony, Grindr, Blend Labs

BUZZ-U.S. STOCKS ON THE MOVE-Synchrony, Grindr, Blend Labs Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were set to clock weekly losses on Friday, capping off a tumultuous week where global markets were rattled by a sharp appreciation in the low-yielding yen and fears of a recession in the world's biggest economy.
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Reuters - 5 days ago

Intel sued for copyright infringement over AI software

Intel sued for copyright infringement over AI software By Blake Brittain Aug 9 (Reuters) - Software maker Anaconda Inc has sued Intel INTC.O in Delaware federal court, accusing the chipmaker of misusing its software for developing artificial-intelligence platforms, according to a lawsuit made public on Friday. Austin, Texas-based Anaconda's complaint said that Intel has continued to utilize its software after its license expired, infringing Anaconda's copyrights.
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Reuters - 5 days ago

Cisco to lay off thousands more in second job cut this year, sources say

EXCLUSIVE-Cisco to lay off thousands more in second job cut this year, sources say By Utkarsh Shetti and Supantha Mukherjee Aug 9 (Reuters) - Cisco CSCO.O will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.
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Reuters - 5 days ago

U.S. STOCKS Doximity, Expedia, Nikola

BUZZ-U.S. STOCKS ON THE MOVE-Doximity, Expedia, Nikola Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes opened lower on the last day of a turbulent week, while Federal Reserve officials' dovish signals following a report of a resilient labor market kept losses in check.
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Reuters - 5 days ago

Retail investors still buyers of US equities through rollercoaster markets, research shows

UPDATE 1-Retail investors still buyers of US equities through rollercoaster markets, research shows Updates headline By Suzanne McGee Aug 9 (Reuters) - Retail investors were buyers during much of the recent rollercoaster in U.S. stock markets, taking advantage of a sharp fall in popular tech shares, according to various research reports, although they also showed signs of caution.
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Reuters - 5 days ago

Retail investors still buyers of US equities through rollercoaster markets - research

CORRECTED-Retail investors still buyers of US equities through rollercoaster markets - research Corrects spelling of Robinhood CEO's surname in 7th paragraph By Suzanne McGee Aug 9 (Reuters) - Retail investors were buyers during much of the recent rollercoaster in U.S. stock markets, taking advantage of a sharp fall in popular tech shares, according to various research reports, although they also showed signs of caution.
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Reuters - 5 days ago

Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Paramount Global Aug 9 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime uni
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Reuters - 6 days ago

Moody's downgrades Intel's senior unsecured rating

UPDATE 1-Moody's downgrades Intel's senior unsecured rating Adds details throughout Aug 8 (Reuters) - Moody's downgraded Intel's INTC.O senior unsecured rating on Thursday to BAA1 from its earlier A3 rating, citing concerns about the chipmaker's profitability . The unsecured ratings outlook has been changed to negative from stable, Moody's said. It affirmed Intel's Prime-2 short-term commercial paper rating.
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