Category: Deal
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SLB gets second request from DoJ for info on proposed ChampionX deal (NYSE:SLB)
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grandriver/E+ via Getty Images looting (NYSE:SLBU.S. oil and natural gas company Nasdaq Dubai said late Tuesday it has received a second request for additional information from the U.S. Department of Justice in connection with its $7.75 billion deal to buy oilfield services company ChampionX (CHX). SLB (SLB) said ChampionX (CHX)…
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Skydance reaches new deal to buy controlling Paramount stake, sources say By Reuters
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By Don Chmielewski LOS ANGELES (Reuters) – Shari Redstone’s National Amusements has reached a preliminary agreement to sell a controlling stake in Paramount Global to David Ellison’s Skydance Media, three people familiar with the matter told Reuters on Tuesday. The unexpected development comes just weeks after Redstone abruptly ended talks…
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Bladeranger signs solar panel drone distribution deal
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Bladeranger (TASE: BLRN), a developer of software for monitoring and analyzing solar farms, announced that it has signed an exclusive distribution and cooperation agreement with Israeli company Propeller Drones to market and distribute its remote-controlled drone system. The Bladeranger system monitors, controls and cleans solar panels. The agreement is for…
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Explainer-How a Boeing plea deal could affect the planemaker By Reuters
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By Chris Prentice and Mike Spector (Reuters) – The U.S. Justice Department will file criminal fraud charges against Boeing Co over two fatal crashes and will require the planemaker to plead guilty or face trial, people familiar with the matter said on Sunday. Boeing will have until the end of…
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WestJet’s union ends strike after reaching deal with carrier By Reuters
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(Reuters) – The union representing striking mechanics at Canada’s WestJet Airlines said on Monday it had negotiated a contract with the carrier, ending their strike with immediate effect. WestJet said its members will return to work to restore the network after the airline was forced to ground 130 aircraft at…
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OpenAI signs multi-year content deal with Time magazine By Reuters
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(Reuters) – Time magazine has signed a multi-year content deal with OpenAI that will give the maker of ChatGPT access to its archive of news content, the companies said on Thursday. In response to user inquiries, the two companies added in a statement that the chatbot will cite the original…
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What SMEs should look for to get a fair deal from public sector framework providers
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I was very interested to see Labour’s pledge to support the cause of small and medium-sized enterprises in Britain. As the frontrunner in the election, at least according to opinion polls, it could signal new opportunities for economic growth. On public sector contracts, there will be a guaranteed shortlist for…
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WikiLeaks Founder Julian Assange Released From UK Jail After US Plea Deal
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Julian Assange, founder of the non-profit media organization and publisher of leaked documents WikiLeaks, has been released from a UK prison after five years behind bars. according to tweet From the official WikiLeaks account, the High Court in London granted bail to Assange. Authorities released him at Stansted Airport on…
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Explainer-How US industries deal with extreme heat By Reuters
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Written by Granth Vanek and Ariana McLemore Extreme heat has caused companies in the United States to change the way they operate. One frequent response: Work less. Here’s how heat is affecting several large industries and what to do about it: * Construction: Work on construction projects slows. What normally…
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OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say By Reuters
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Written by Crystal Ho and Akash Sriram (Reuters) – Microsoft-backed OpenAI said on Friday it has acquired database search and analysis startup Rockset to provide better infrastructure for its enterprise products. The companies did not disclose the size of the deal. OpenAI used its shares to buy the company in…
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Alaska Airlines, flight attendants reach tentative deal By Reuters
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(Reuters) – A union representing Alaska Airlines flight attendants said on Friday it had reached a tentative agreement for a standard contract with the carrier. Details of the deal will be reviewed by union leadership, followed by a vote to ratify members, the flight attendant assistant said. “With our joint…
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American Airlines, union fail to reach deal on new contract By Reuters
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(Reuters) – A union representing American Airlines Group flight attendants (NASDAQ: ) said on Thursday that the latest round of talks with the carrier did not lead to an agreement this week. The Association of Professional Flight Attendants (APFA), which represents about 28,000 flight attendants at American Airlines, said it…
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Exclusive-Boeing nearing deal with supplier Spirit Aero after months of talks, sources say By Reuters
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Written by Mike Stone, Alison Lambert, and Tim Heffer (Reuters) – Boeing Co (NYSE:) is close to reaching an agreement to buy back Spirit AeroSystems (NYSE:) after its former subsidiary made a breakthrough in separate talks with Airbus over the breakup of the troubled transatlantic supplier, people familiar with the…
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Okoth Obado off the hook, strikes deal with EACC in Sh2bn graft case
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Former Migori governor Okoth Obado and the anti-graft body have reached a compromise in a deal that will see him confiscate two high-end cars, a house in Loricho and other properties worth Sh235 million. In an approval recorded before Supreme Court Justice Esther Maina, the Ethics and Anti-Corruption Commission dropped…
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Boston Scientific to buy Silk Road Medical in $1.16 billion deal By Reuters
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By Sriparna Roy (Reuters) – Boston Scientific said on Tuesday it will buy Silk Road Medical Inc (NASDAQ:) in a $1.16 billion deal, adding medical devices used to prevent strokes. Boston, which generates most of its revenue from sales of cardiac devices such as defibrillators and stents, will pay $27.50…
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Canadian Western Bank stock downgreaded by BMO post-acquisition deal By Investing.com
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On Wednesday, BMO Capital revised its position on… Western Canadian Bank (TSX::CN) (OTC: CBWBF), downgraded the stock from outperform to market perform, while simultaneously raising its price target to C$52.00 from C$35.00. This review follows the announcement on Tuesday that Canadian Western Bank has entered into an agreement to be…
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California’s homelessness ‘solution’ is a $1 billion deal for 1,200 tiny homes that might not even come with a bathroom
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In March of last year, California Governor Gavin Newsom promised to build 1,200 tiny homes to temporarily house homeless people, specifically those already living in encampments, in four major areas across the Golden State. The idea of homes extends beyond just a place to rest your head. Under the governor’s…
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Suzano eyes debt financing for potential International Paper deal
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Investing.com – Brazilian pulp and paper giant Suzano (BCBA:) is reportedly looking to raise up to $19 billion in debt to acquire International Paper (NYSE:), according to Bloomberg. Jefferies analysts expect a potential all-cash offer for the IP in the range of $54-57 per share, a figure consistent with previous…
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Hamas rejects Israel hostage deal – report
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The Saudi newspaper Al-Sharq reported that Hamas rejects the Israeli proposal because it does not guarantee a permanent ceasefire. The Saudi newspaper Al-Sharq reported that Hamas rejected the Israeli proposal after claiming that the offer was fundamentally different from the proposal made by US President Joe Biden. Hamas says the…