Category: talks
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South Korea’s SK On in talks to supply prismatic EV batteries as it seeks turnaround By Reuters
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By Heekyung Yang SEOUL (Reuters) – South Korean electric vehicle battery maker SK ON is in talks with automakers to supply prismatic batteries and expand its existing pouch battery range, a senior company executive said, as it struggles to improve performance amid slowing global demand for electric vehicles. SK ON,…
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Boeing in talks with US defense department on impact of guilty plea
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By David Shepardson WASHINGTON (Reuters) – Boeing Co is in talks with the U.S. Defense Department about how the planemaker’s planned guilty plea will affect its wide-ranging government contracts, a person familiar with the matter said. Boeing Co. has agreed to plead guilty to a charge of criminal fraud conspiracy…
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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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SoftBank in talks to get its hands on large volumes of Nvidia’s GPUs: Report By Investing.com
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Japanese technology investor SoftBank (TYO:) is in discussions to find a way to secure a large amount of graphics processing units (GPUs) from Nvidia that are essential for the development of artificial intelligence (AI). The latest move appears to be part of a broader plan by CEO Masayoshi Son to…
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Palo Alto Networks in talks to lease entire Alon 1 tower
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Cybersecurity giant Palo Alto Networks (Nasdaq: PANW) is expanding and will occupy half of Alon Tower 1 on Yigal Allon Street in Tel Aviv. The company currently occupies 13 floors in Alon Tower 1, one of two identical towers, and recently leased six more floors and is now in talks…
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Trump is in talks to speak at Bitcoin 2024 in July: report
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With just months to go until the 2024 US elections, former President Trump is looking to boost a potential key group: the cryptocurrency community. According to Axios, Trump is in talks with an eye toward speaking at the Bitcoin 2024 conference, which is expected to take place July 25-27, 2024,…
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SoftBank CEO talks up artificial super intelligence ambitions By Reuters
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TOKYO (Reuters) – SoftBank Group CEO Masayoshi Son said on Friday that the group’s mission is to help advance humanity by achieving super-artificial intelligence, which he said will exceed human capabilities by a factor of 10,000. “SoftBank Group (TYO:) has done many things so far that have all been a…
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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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US private equity firm in talks to buy cyberattack co Paragon
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A US private equity fund, which includes a group of security companies, is in talks to acquire Israeli cyber attack company Paragon Solutions. Headquartered in the Discount Bank Tower in Tel Aviv, the company was founded five years ago by the former commander of the IDF’s 8200th Intelligence Unit, Brig.…
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US private equity firm in talks to buy cyberattack co Paragon
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A US private equity fund, which includes a group of security companies, is in talks to acquire Israeli cyber attack company Paragon Solutions. Headquartered in the Discount Bank Tower in Tel Aviv, the company was founded five years ago by the former commander of the IDF’s 8200th Intelligence Unit, Brig.…
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El Al in talks to buy 30 Boeing 737 MAX aircraft
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After obtaining a virtual monopoly on many roads to and from Israel, raising prices and achieving record profits, El Al Israel Airlines Ltd (level:Al) embarks on a spending spree to buy new planes for $2-2.5 billion. Earlier this year, El Al signed a deal to purchase three Boeing Dreamliner aircraft.…
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Discount Bank in talks to buy out Shufersal’s PayBox stake
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A decade after its founding, and three years after supermarket chain Shufersal became a partner, payments app company PayBox, headed by Arik Frishman, could become wholly owned by Israel’s Discount Bank. The bank, which owns 50.1% of PayBox, is in advanced negotiations with Shufersal to purchase its 49.9% stake for…
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OneWater in talks to acquire rival boat dealer MarineMax – Bloomberg (NYSE:HZO)
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xbrchx/iStock via Getty Images One Water Marine (Nasdaq: Onew) is in discussions to buy its larger competitor MarineMax (New York Stock Exchange: Herzo) in an all-cash transaction. OneWater (ONEW) has made a $40 equity offer for MarineMax (HZO) and the combined company will be valued at $2.5 billion, including Debts,…
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FIMI in talks to buy 50% of defense co Marom Dolphin
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Israeli private equity firm FIMI Opportunity Fundsled by founder and CEO Ishai Davidi, is about to acquire a 50% controlling stake in the Israeli defense company Marum Dolphin. The company, which develops and manufactures tactical carrying solutions for the armed forces, has benefited from increasing orders from the IDF since…
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Ripple CEO talks stablecoins, DC shift, ETFs
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Ripple CEO Brad Garlinghouse said there is a massive shift in the outlook for cryptocurrencies in the capital, and regulations could spur an inevitable boom in the stablecoin market. Speaking at the 2024 Consensus Conference, Garlinghouse emphasized the impact of cryptocurrencies on the upcoming election to determine the next US…
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China Evergrande liquidators in talks to sell stake in EV unit
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Wenjin Ling/E+ via Getty Images China Evergrande’s (OTCPK:EGRNF) liquidator is in talks with a third-party buyer to sell a stake in the troubled property developer’s electric vehicle unit. This news led to a rise in Hong Kong-listed China Evergrande New Energy Vehicle Group shares about 87%. if After the deal…
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BlackRock pushed Anglo to extend talks with BHP, FT reports By Reuters
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(Reuters) – Anglo American has come under pressure from major shareholders including BlackRock (NYSE:) to extend talks with BHP Group (NYSE:) over a proposed £38.6 billion (49.18 billion) mining merger, the Financial Times reported on Saturday. Billion dollar). BHP, the world’s largest listed mining group, has until May 29 to…
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RBNZ Delivers a Hawkish Hold with Rate Hike Talks and Higher Inflation Projections
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As expected, the Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ) kept its policy rate at 5.50% for the eighth straight meeting in May. What traders did not expect was for the central bank to share this.”The committee discussed the possibility of increasing OCR at this…
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Incitec Pivot explosives business booms; fertilizer sale talks continue By Investing.com
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Investing.com – Instic Pivot Ltd (ASX:) announced its results for the first half of 2024. EBITDA reached $249 million, beating RBC’s forecast of $207 million and the consensus estimate of $206 million. However, comparing these numbers directly with market estimates is challenging due to the impact of restructuring, non-recurring operations…