IBM sells weather business to private equity firm Francisco Partners
(Reuters) – International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an…
Month: August 2023
SoftBank-backed chip designer Arm reveals filing for blockbuster U.S. IPO
By Manya Saini, Jaiveer Shekhawat and Stephen Nellis (Reuters) – SoftBank Group-backed Arm Holdings’ annual revenue dropped 1% due to…
US court rejects investor lawsuit against Boeing supplier Spirit AeroSystems
(Reuters) -A U.S. appeals court on Monday upheld the dismissal of a lawsuit accusing Boeing supplier Spirit AeroSystems of misleading…
Nasdaq rallies with Nvidia, tech shares; investors look toward Jackson Hole
By Caroline Valetkevitch NEW YORK (Reuters) – The Nasdaq ended more than 1% higher and the S&P 500 also rose…
US FDA approves Pfizer’s maternal RSV vaccine to protect infants
By Patrick Wingrove and Bhanvi Satija (Reuters) – The U.S. Food and Drug Administration on Monday approved Pfizer’s respiratory syncytial…
US yields hit decade highs; European shares and Nasdaq rise
By Chris Prentice and Yoruk Bahceli NEW YORK (Reuters) -U.S. Treasury yields rose to decade highs, European equities recovered from…
Citigroup mulls plan to remove leadership layer at its largest unit – source
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -Citigroup is considering plans to eliminate the role atop the bank’s…
Meta to soon launch web version of Threads in race with X for users
(Reuters) -Meta Platforms is set to roll out the web version on its new text-first social media platform Threads, hoping…
Fintech firm Titan to pay over $1 million to settle US SEC charges
By Chris Prentice NEW YORK (Reuters) -Fintech investment adviser Titan Global Capital Management USA LLC agreed to pay over $1…
Goldman sees US shutdown over spending ‘more likely than not’
By Lewis Krauskopf NEW YORK (Reuters) – The U.S. government looks “more likely than not” to shut down later this…