Category: sources
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Stellantis CEO visits US to create plan to reverse lagging profit, sources say By Reuters
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By Giulio Piovaccari, Gilles Guillaume and Nora Eckert DETROIT (Reuters) – Stellantis Chief Executive Carlos Tavares has begun a three-day visit to Detroit where he will seek to develop a strategy to overhaul the European automaker’s troubled North American operations and reassure employees and investors, two people familiar with the…
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Evercore hires Goldman banker Kamo for private equity dealmaking, sources say By Reuters
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Milan city win NEW YORK (Reuters) – Investment bank Evercore has hired a top Goldman Sachs dealmaker as a senior managing director to help boost its coverage of private equity firms and alternative asset managers, people familiar with the matter said on Friday. David Camus, who was named global head…
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Mexico’s ruling party looking at changes to judicial reform to calm markets, sources say By Reuters
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By Diego Orr MEXICO CITY (Reuters) – Mexico’s ruling party is considering changes to a proposed judicial reform in an attempt to calm market concerns, including making the election of judges a gradual process over several years to reduce fears of a political takeover of the judiciary, sources familiar with…
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Exclusive-Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources By Reuters
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By Heikyong Yang, Fanny Botkin, and Karen Freifeld SEOUL/SINGAPORE (Reuters) – Chinese tech giants including Huawei Technologies and Baidu Inc as well as startups are stockpiling ultra-wideband memory semiconductors from Samsung Electronics Co Ltd in anticipation of U.S. restrictions on chip exports to China, three sources said. Companies have ramped…
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Snickers maker Mars explores acquisition of Kellanova, sources say By Reuters
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(Reuters) – Family-owned food giant Mars Inc, whose candy brands include M&M’s and Snickers, is considering acquiring Kellanova, the maker of snacks such as Cheez-It and Pringles, according to people familiar with the matter. The deal would be one of the largest ever in the packaged food sector, given Kelanova’s…
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Exclusive-Blackstone in bid to acquire shopping center owner Retail Opportunity, sources say By Reuters
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By Anirban Sen (Reuters) – Private equity firm Blackstone is in early talks to acquire Retail Opportunity Investments Corp, a U.S. shopping mall owner with a market value of about $2 billion, people familiar with the matter said. Blackstone’s interest comes after ROIC shares have lost more than 10% of…
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India’s Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say By Reuters
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By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises, the flagship of the Adani group, plans to launch its first-ever public bond issue in the coming weeks to raise up to 6 billion rupees ($71.7 million), people familiar with the matter said on Tuesday. “The company has already filed a…
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Fidelity, Nomura line up bids for Ola Electric’s India IPO, sources say By Reuters
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Written by Aditya Kalra NEW DELHI (Reuters) – The initial public offering of Indian e-scooter maker Ola Electric, backed by SoftBank, will attract bids from investors including Fidelity, Nomura and Norway’s Norges Bank as well as several Indian investment funds, two sources familiar with the matter told Reuters. Ola Electric,…
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Secret Service Director Cheatle resigns according to sources.
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Secret Service Director Kimberly Shettle has resigned, according to sources. The move comes after intense questioning by members of the House Oversight Committee yesterday, who sharply criticized the director over the recent assassination attempt on former President Donald Trump. During her testimony yesterday, she acknowledged that there were serious and…
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Exclusive-Apax, Bain and CVC exploring potential bids for SoftwareOne, sources say By Reuters
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By Amy Jo Crowley and Oliver Hirt LONDON (Reuters) – Apax Partners, Bain Capital and CVC are each considering potential bids for Swiss software company Software One, three months after the company’s board was ousted, two people familiar with the situation said. Talks with interested funds are ongoing, one of…
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Spot Ether ETFs are likely to begin trading on Tuesday July 23 (unnamed sources)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China’s Ping An eyes up to $5 billion convertible bond, sources say By Reuters
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By Scott Murdoch (Reuters) – China’s Ping An Insurance Co Ltd is considering issuing convertible bonds worth up to $5 billion, people familiar with the matter said. One of the sources said the bonds could raise between $2 billion and $5 billion, and the two sources added that an agreement…
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Exclusive-Bain Capital nears deal to buy Envestnet, sources say By Reuters
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Milan city win (Reuters) – Private equity firm Bain Capital is close to a deal to acquire Investnet Inc., a U.S. financial software provider with a market value of about $3.5 billion, people familiar with the matter said on Monday. If the talks go through, a deal with Bain could…
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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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Exclusive-AI coding startup Magic seeks $1.5-billion valuation in new funding round, sources say By Reuters
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Written by Anna Tong and Crystal Ho (Reuters) – U.S. startup Magic, which develops artificial intelligence models for writing software, is in talks to raise more than $200 million in a funding round that values it at about $1.5 billion, three sources told Reuters, just months after its latest capital…
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Exclusive-Boeing agrees to buy Spirit Aero for $4.7 billion, sources say By Reuters
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Written by Mike Stone and Alison Lambert WASHINGTON (Reuters) – Boeing Co agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks on a deal that the U.S. planemaker hopes will help ease a mounting safety crisis.…
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Exclusive-US pushes for Boeing to plead guilty in connection with fatal crashes, sources say By Reuters
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By Mike Spector and Chris Prentice (Reuters) – The U.S. Justice Department is pressing Boeing Co to plead guilty to a criminal charge after finding the planemaker violated a settlement over deadly 737 Max crashes in 2018 and 2019 that killed 346 people, two people familiar with the matter said…
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Exclusive-US prosecutors meeting with Boeing, crash victims as criminal charging decision looms, sources say By Reuters
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Written by Mike Spector and Chris Prentice NEW YORK (Reuters) – U.S. prosecutors are meeting with Boeing Co and relatives of victims of the deadly Boeing plane crash as a July 7 deadline approaches for the Justice Department to decide whether to file charges, two people familiar with the matter…
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Exclusive-Bosch weighs offer for appliance maker Whirlpool, sources say By Reuters
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Written by Anirban Sen and Emma Victoria Farr (Reuters) – German engineering group Robert Bosch is considering a bid for U.S. home appliance maker Whirlpool (NYSE:), a move that would strengthen its position in the home appliance market, three people familiar with the matter said. One of the sources said…
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Exclusive-Bosch weighs offer for appliance maker Whirlpool, sources say By Reuters
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Written by Anirban Sen and Emma Victoria Farr (Reuters) – German engineering group Robert Bosch is considering a bid for U.S. home appliance maker Whirlpool (NYSE:), a move that would strengthen its position in the home appliance market, three people familiar with the matter said. One of the sources said…