Category: source
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Saudi Aramco exploring initial bid for BP’s Castrol unit, source says
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(Reuters) – The Saudi Aramco is in the early stages of considering a possible presentation of BP Castrol Castrol, according to a person who is aware of the issue. BP explores all options about Castrol works, including the potential sales process, as part of a strategic review. Ashley Keeleti, an…
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Jamie Dimon hasn’t had recent talks with Trump, source says
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A source close to the CEO of JP Morgan said that Jamie Dimon has not spoken with Donald Trump for at least the past few months. luck. Friday report on New York PostWhich said that the two had been in contact for months through secret back channels, which was inaccurate,…
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Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says
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By Karen Freifeld and Fanny Botkin NEW YORK/SINGAPORE (Reuters) – The United States ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications as of Monday, according to a person familiar with the matter. The Commerce Department sent…
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UniCredit CEO Orcel attended virtual meeting with Commerzbank, source says By Reuters
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MILAN (Reuters) – UniCredit President Andrea Ursel attended a virtual meeting held by the Italian bank on Friday with Commerzbank (ETR:) after it became the German bank’s largest private investor, a source familiar with the matter told Reuters. Commerzbank’s CEO-designate, Bettina Orlop, was also present at the conference call on…
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Photonic quantum computer co Quantum Source raises $50m
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Israeli startup Source of quantityQuantum Source, a company developing technologies for practical photonic quantum computers, today announced that it has raised $50 million in a Series A funding round. The round was led by Eclipse, with participation from Standard Investments, Level VC, and Canon Equity, as well as existing investors…
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says
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By Max A. Czerny and Milana Finn (Reuters) – Intel Corp Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker,…
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says By Reuters
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By Max A. Czerny and Milana Finn Intel Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker, a person familiar…
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Goldman to lay off a few hundred employees in annual talent review, source says By Reuters
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Written by Manya Saini (Reuters) – Goldman Sachs plans to cut several hundred jobs as part of an annual review process targeting underperforming companies, a person familiar with the matter told Reuters on Friday. The investment bank has reintroduced performance-related job cuts in 2022 after a two-year pause due to…
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Media veteran Bronfman raises bid for Paramount takeover to $6 billion, source says By Reuters
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(This story, originally published on August 21, has been resubmitted to correct RedBird’s writing style, in paragraph 8.) LOS ANGELES (Reuters) – Veteran businessman Edgar Bronfman has sharpened his bid for Paramount Global Inc. with a $6 billion offer for the controlling stake in National Amusements Inc. and a minority…
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Diageo submits financial documents in Delhi police investigation, source says By Reuters
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Written by Aditya Kalra NEW DELHI (Reuters) – Spirits Group Diego The Indian unit of telecom company LON has provided financial documents sought by New Delhi’s anti-corruption police in a probe into billing and discounting practices involving city agencies, a person familiar with the matter said. Heena Nagarajan, CEO of…
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Special committee of Paramount Global endorses plan to merge with Skydance Media, source says By Reuters
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By Don Chmielewski Businessman David Ellison is one step closer to taking control of Paramount Global after a special committee voted on Sunday to back a merger with his company Skydance Media, a source close to the deal told Reuters. The proposed deal is likely to be approved by Paramount’s…
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Hamas accepts US proposal on talks over Israeli hostages, Hamas source says By Reuters
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By Samia Nakhoul, Muhammad Al Gebaly and Nidal al-Mughrabi DUBAI/CAIRO (Reuters) – Hamas has accepted a U.S. proposal to begin talks on the release of Israeli hostages, including soldiers and men, 16 days into the first phase of a deal aimed at ending the Gaza war, a senior Hamas source…
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Carlyle in talks to buy Baxter’s kidney care unit, source says By Reuters
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(Reuters) – Private equity firm The Carlyle Group Baxter International Inc (NYSE:BAX) is in exclusive talks to buy kidney care company Vantiv for more than $4 billion, including debt, a person familiar with the matter told Reuters on Friday. Shares of the Deerfield, Illinois-based company rose more than 4%. The…
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Saks owner to buy Neiman Marcus, source says By Reuters
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Written by Ananya Mariam Rajesh and Greg Roumeliotis (Reuters) – The parent company of Saks Fifth Avenue has agreed to buy rival Neiman Marcus, a source familiar with the matter told Reuters on Wednesday, in a move expected to give the struggling luxury retailer more power to negotiate with sellers.…
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Boeing executives unlikely to be charged over 737 MAX crashes, source says By Reuters
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By Mike Spector NEW YORK (Reuters) – U.S. Justice Department officials told family members of victims at a meeting that it is unlikely that criminal charges will be brought against Boeing (NYSE:) executives in fatal crashes in 2018 and 2019 that killed 346 people, as the statute of limitations has…
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Source Energy Services Reports 2024 AGM Results
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Article content CALGARY, Alberta, May 10, 2024 (GLOBE NEWSWIRE) — (TSX:SHLE) Source Energy Services Ltd. announces: (“Issuer” or the “Company”) announced the results of the annual shareholders’ meeting held on May 10, 2024. Article content Voting results in the 2024 Ordinary General Assembly Election of members of the Board of…