Airbus Might Land An Order Of Almost 40 A350 Jets From Saudi Arabia
Saudi Arabia is reportedly negotiating with Airbus SE (OTC: EADSY) (OTC: EADSF) to order almost 40 A350 jets. According to industry sources, the country is planning to launch a new airline and challenge heavyweight carriers in the Gulf. Reuters first reported in August that Saudi Arabia was discussing a significant order for wide-body jets. Bloomberg News reported on Sunday […]
SpaceX Starlink’s New In-Flight Connectivity Service, Amazon’s NY Workers Reject Union, Celsius Network Faces Several Federal Investigations: Top Stories Wednesday, Oct. 19
Reuters US Lawmakers Plan Hearing On Kroger, Albertsons’ $25B Merger U.S. senators inspecting antitrust issues are set to hold a hearing on grocery chain Kroger Co’s (NYSE: KR) plan to acquire rival Albertsons Companies Inc (NYSE: ACI) in a $25 billion deal. Chair of the Senate Judiciary Committee antitrust panel, Democratic Senator Amy Klobuchar, and […]
Credit Suisse Puts Its US Asset Management Unit For Sale, Looks For Capital Infusion
Battered Credit Suisse Group AG (NYSE: CS) recently launched a process to sell its U.S. asset management arm, dubbed Credit Suisse Asset Management (CSAM). The unit is expected to draw interest from private equity firms and other asset managers, said the source, who spoke anonymously to discuss private information. The source added that there was no guarantee […]
Apple’s iPad To Turn Foldable In 2024 Before A Flexible iPhone Debuts: Report
Apple Inc (NASDAQ: AAPL) could take a different route from other manufacturers like Samsung when it comes to foldable devices. What Happened: The Cupertino, California-based tech giant is likely to launch a foldable iPad in 2024 rather than a foldable iPhone, according to CCS Insight, as reported by CNBC. “Right now it doesn’t make sense for Apple […]
Cano Health Stock Plummets As CVS Health Abandons Buyout
Cano Health Inc (NYSE: CANO) shares plunged after reports that CVS Health Corp (NYSE: CVS) has decided not to pursue an acquisition of Cano. Dealreporter was the first to report that CVS had decided against pursuing a deal with Cano Health, the … Full story available on Benzinga.com Read More
Goldman Plans Combining Investment Banking and Trading Units In Major Organizational Overhaul
Goldman Sachs Group Inc (NYSE: GS) is planning a significant reorganization to combine its biggest businesses into three divisions. Goldman will combine its investment banking and trading businesses into one unit while merging asset and wealth management into another, the Wall Street Journal reported citing people familiar with the matter. Goldman’s consumer-banking arm, Marcus, will be part of […]
Remember Credit Suisse Collapse Rumors? Swiss Bank Could Be Short $8B, Goldman Sachs Says
Analysts from Goldman Sachs Group (NYSE: GS) predict that Credit Suisse Group AG (NYSE: CS) will experience a capital shortfall of up to 8 billion Swiss francs ($8 billion) in 2024 and maintain a Sell rating on the investment bank. This follows a spike in Swiss banks’ credit default swaps — the cost of insuring […]
Why Are Albertsons Shares Gaining Today?
Albertsons Companies Inc (NYSE: ACI) rose 8% on a Bloomberg report on merger talks with competing grocer Kroger Co (NYSE: KR). An agreement … Full story available on Benzinga.com Read More
Toshiba Shares Gain On Reports Of Potential $19B Takeover Bid
A domestic investor-led group was looking at a $19 billion bid for Toshiba Corp (OTC: TOSYY) – a potential deal that would likely lead to foreign activist shareholders being bought out after years of tension. Toshiba and activist shareholders have been at odds over the company’s direction, with several large foreign funds pushing the conglomerate to consider private […]
Twitter May Drop Clickable Hashtags, AstraZeneca’s Nasal COVID-19 Vaccine Fails Trial, Coinbase Gets Singapore Nod: Top Stories Tuesday, Oct. 11
Reuters US-China Chip War: KLA Relaxes Chip Supply To China U.S. chipmaker KLA Corp’s (NASDAQ: KLAC) legal department emailed China informing that it shall stop sales and service to “advanced fabs” in China for the technology of NAND chips with 128 layers or more, DRAM chips 18nm and below, and advanced logic chips. The Biden […]