By Phil Stewart WASHINGTON (Reuters) – The United States and Israel on Monday launched what one U.S. official described as the allies’ most significant joint military exercise to date, involving thousands of forces, a dozen ships and 142 aircraft, including nuclear-capable bombers. The “Juniper Oak” drills, which will run through Friday, are meant to demonstrate …
U.S., Israel launch week of major military exercises Read More »
By Yuvraj Malik and Aditya Soni (Reuters) – Slower cloud spending by inflation-hit businesses is expected to stall the sales momentum at Amazon.com Inc and Microsoft Corp and add to the troubles of the sector that laid off thousands this month. After years of blistering growth, most recently fuelled by remote working and studying during …
Microsoft, Amazon results to highlight softening cloud business Read More »
(Reuters) -Canada’s Ritchie Bros Auctioneers on Monday sweetened the cash component of its buyout offer for IAA Inc by 28%, valuing the U.S. auto retailer at $5.94 billion, and also secured the backing of a key IAA shareholder which had questioned the initial offer. The latest cash-and-stock offer at $44.40 per share, will allow Ritchie …
Canada’s Ritchie Bros sweetens buyout offer for auto retailer IAA Read More »
By Hannah Lang (Reuters) – New York’s chief financial regulator is set to release new guidance on Monday dictating that companies separate customers’ crypto assets from their own, after alleged co-mingling of funds at collapsed crypto exchange FTX and its affiliated trading firm Alameda Research led to hefty losses for clients. The New York State …
New York’s financial regulator takes aim at firms co-mingling crypto funds Read More »
(Reuters) – Newell Brands Inc said on Monday it will cut about 13% of its office positions, in a bid to save costs amid stubbornly high inflation that has pressured consumer spending. The sharpie maker joins a growing list of companies in corporate America – from Wall Street Banks and tech companies such as Spotify …
By Andrea Shalal LUSAKA (Reuters) -Two of the world’s most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how China and other creditors are handling the African country’s debt. Zambia requested debt relief under the Group of 20 Common Framework nearly two years ago, …
Zambia visits by Yellen, IMF reflect concern over stalled debt talks, China Read More »
By Stefania Spezzati and Nell Mackenzie LONDON (Reuters) – Eisler Capital has recruited Damien Bombelli, whose background in commodities could help the hedge fund bolster a less profitable part of its business, according to one source with knowledge of the move and a regulator filing. Bombelli, who has worked at investment firms and banks including …
Hedge fund Eisler Capital hires Damien Bombelli – sources Read More »
(Reuters) – Microsoft Corp said on Monday it would invest more in OpenAI, staking its future on the startup and tech behind the chatbot sensation ChatGPT, as well as setting the stage for more competition with its rival Alphabet Inc’s Google. Recently touting a revolution in artificial intelligence (AI), Microsoft is building on a bet …
Microsoft to invest more in OpenAI as tech race heats up Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. Internal Revenue Service kicks off the 2023 income tax filing season on Monday armed with 5,000 new customer service representatives to slash call waiting times as the Biden administration implements $80 billion in new IRS funding. The new hires and technology improvements to more efficiently process paper tax …
As tax season starts, U.S. Treasury emphasizes IRS customer service over audits Read More »
(Reuters) -U.S. industrial software firm Emerson Electric Co said on Monday it would not nominate candidates for election to the board of testing and measurement equipment maker NI Corp and kept its buyout offer price unchanged. Emerson last week disclosed a hostile $53-per-share offer for NI, which it has been trying to buy unsuccessfully for …
Emerson to not proceed with board nominations at takeover target NI Corp Read More »
