Tag: “Corporate”

Microsoft to invest $3 billion in India, to expand AI and cloud capacity

Microsoft will spend $3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said on Tuesday, doubling down on a country with tech expertise and low costs to help turn such investments profitable.

China’s Biggest Shipping Line Added to US Military Blacklist

The US has blacklisted China’s largest shipping line and two shipbuilders over alleged links with the People’s Liberation Army, as Washington turns its attention to the country’s massive maritime sector

China exports push Nippon Steel to seek growth in US, India after blocked deal

Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White House, analysts say.

Apple steps up expansion of its News platform

Tech group now a force in driving revenues for publishers in US, UK, Canada and Australia

Cintas Makes $5.1 Billion Takeover Offer for Uniform Supplier UniFirst

Cintas a maker of workplace products, made a $5.1 billion offer for smaller uniform supplier UniFirstthat has been rebuffed multiple times, according to letters seen by The Wall Street Journal. 

Getty Images Stock Rises 83% on Plans to Merge With Shutterstock

Getty Images stock skyrocketed in premarket trading Tuesday after the company said it plans to merge with rival stock photography service Shuttershock.

US probing about 2.6 million Tesla vehicles over ‘Actually Smart Summon’ feature

The U.S. National Highway Traffic Safety Administration said on Tuesday it had opened a probe into about 2.6 million Tesla vehicles after reports of some crashes linked to its “Actually Smart Summon” driverless feature.

Micron may be a winner in the wake of Nvidia CEO Jensen Huang’s CES keynote

Huang’s hotly anticipated speech brought mention that Micron is providing memory for new Blackwell gaming chips

Ulta Beauty names insider Steelman as CEO, flags strong holiday sales

Cosmetics retailer Ulta Beauty on Monday forecast a strong fourth quarter and said insider Kecia Steelman will replace retiring CEO Dave Kimbell in the top role, sending its shares up 1.5% in extended trading.

Nvidia CEO Unveils Gaming ‘Blackwell’ Cards and Project DIGITS AI Supercomputer

On Monday, Nvidia unveiled its next generation gaming graphic cards at the CES tech trade show in Las Vegas. The company’s CEO, Jensen Huang, announced the coming RTX 5090 card and three other models, all of which will use “Blackwell” architecture chips.

Device maker Stryker strikes $4.9 billion deal for Inari Medical

Medical-device maker Stryker on Monday agreed to acquire Inari Medical, which makes devices that treat patients with venous diseases, in an all-cash deal worth $4.9 billion.

Tencent shares fall 8% in Hong Kong after U.S. designates it a Chinese military company

Shares of Chinese tech heavyweight Tencent Holdings tumbled nearly 8% in Hong Kong after the company was added to a list of “Chinese military companies” by the U.S. Department of Defense.

Aktor Group: Η προσαρμοσμένη τιμή της μετοχής και όλα όσα θα πρέπει να γνωρίζουν οι επενδυτές για την ΑΜΚ

Από σήμερα, η μετοχή της εταιρείας Aktor θα είναι διαπραγματεύσιμη χωρίς το δικαίωμα στην ΑΜΚ. Στην τελική ευθεία μπαίνει πλέον η αύξηση κεφαλαίου της Aktor Group, μέσω της οποίας θα αντληθούν 200 εκατ. ευρώ.

AST SpaceMobile Announces Agreement for Long-Term Access to up to 45 MHz of Premium Lower Mid-Band Spectrum in the United States for Direct-to-Device Satellite Applications

AST SpaceMobile, Inc. (“AST SpaceMobile”), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced an agreement for long-term access to up to 45 MHz of lower mid-band spectrum in the United States for direct-to-device satellite applications.

Foxconn beats estimates with record fourth-quarter revenue on AI demand

Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.

Xpeng, Volkswagen to build ultra-fast charging network in China

China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers said on Monday.

MicroStrategy Targets $2 Billion Capital Raise. It’s All to Buy More Bitcoin.

MicroStrategy is targeting a capital raise of up to $2 billion to continue to strengthen its balance sheet and acquire more Bitcoin, the business software company announced.

U.S. Steel and Nippon File Lawsuits After Biden Blocks Merger

The lawsuits challenge President Joe Biden’s final significant act of his tenure, calling his decision to block the buyout of the American steel maker by Nippon Steel an “unlawful political influence.

Tesla’s China sales hit record high in 2024, bucking global decline

 U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.

Skydance, Paramount dismiss objections to planned $8.4 billion merger

Skydance Media and Paramount Global on Thursday defended their planned $8.4 billion merger, urging the Federal Communications Commission to dismiss opposition from critics, calling them “unwarranted” and “meritless”.