(Reuters) – Short video app TikTok’s owner ByteDance seems to be slow-rolling negotiations for a sale while waiting for approval from the Chinese government, even as President Donald Trump’s allies race to broker a deal to sell it to an American bidder, the Washington Post reported on Wednesday. China is likely to take a hard-line…
By Shankar Ramakrishnan NEW YORK (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk’s $44 billion acquisition of Twitter, now called X, in 2022, said a source with knowledge of the deal. The acquisition was funded by a $6.5 billion secured term…
WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale of Lockheed Martin and Northrop Grumman Corp’s defense systems to Egypt, the Pentagon’s Defense Security Cooperation Agency said on Tuesday. The State Department has approved the possible sale of Lockheed’s fast missile craft modernization estimated at $625 million and the potential sale of…
By Arsheeya Bajwa (Reuters) – AMD investors will closely examine the chip designer’s artificial intelligence strategy when it reports fourth-quarter results on Tuesday as Big Tech’s shift to custom silicon raises doubts about its place in the AI infrastructure race. Analysts expect AMD’s December-quarter revenue to surge over 22% to $7.53 billion, but the company’s…
OSLO (Reuters) – Tesla lost market share in Sweden and Norway in January, car registration data showed on Monday as the U.S. electric vehicle maker faces a test of popularity following billionaire CEO Elon Musk’s high-profile foray into politics. A total of 405 new Teslas were registered in Sweden last month, down 44% from January…
By Jessica DiNapoli NEW YORK (Reuters) – Colgate Palmolive is looking at ways to reduce the impact of possible tariffs on its toothpastes, which the company manufactures in Mexico for the U.S. market, Chief Financial Officer Stan Sutula said on a call with Wall Street analysts on Friday. Sutula’s comments come one day before President…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Intel has received 515.55 million euros ($536 million) in default interest from EU antitrust regulators related to a 1.06 billion euro fine levied in 2009, EU antitrust chief Teresa Ribera has told EU lawmakers. Intel sued the European Commission for 593 million euros in 2022 after…
By Atharva Singh and Arasu Kannagi Basil (Reuters) -Infinity Natural Resources notched a valuation of $1.30 billion after shares of the oil and natural gas producer jumped nearly 11% in their New York Stock Exchange debut on Friday. The listing comes amid a steady stream of initial public offerings by energy companies against the backdrop…
By Niket Nishant and Manya Saini (Reuters) – Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China’s DeepSeek, as the need for physical infrastructure was still vital for AI. The alternative asset manager, which has $80 billion worth of leased data centers,…
By Deborah Mary Sophia and Joel Jose (Reuters) -Investors punished Microsoft with a 6% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud revenue, while Meta rose 4% after CEO Mark Zuckerberg assured Wall Street about growth with promises of a “really big year”. The chief executives…
