AMD to buy cloud startup Pensando for $1.9 billion in data center push

Signs of AMD are seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register April 4 (Reuters) – Chip designer Advanced Micro Devices (AMD.O) said on Monday it would acquire cloud startup Pensando for $1.9 … Read more

JPMorgan’s Dimon warns of potential $1 billion loss from Russia exposure

JP Morgan CEO Jamie Dimon looks on during the inauguration the new French headquarters of JP Morgan bank in Paris, France June 29, 2021. Michel Euler/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 4 (Reuters) – JPMorgan (JPM.N) boss Jamie Dimon warned on Monday that the bank could … Read more

Tesla, Lucid supplier LGES plans to build $1.4 bln battery factory in Arizona

An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO/SEOUL, March 23 (Reuters) – LG Energy Solution (373220.KS) (LGES), a supplier for electric car makers Tesla and Lucid, said on … Read more

Evergrande sets end-July target for restructuring proposal after delaying results

Firm had said in Jan proposal would come within 6 months Won’t meet March 31 deadline for audited 2021 results Planned deal with CITIC Trust, Guangzhou could provide model HONG KONG/BEIJING, March 22 (Reuters) – Embattled China Evergrande Group (3333.HK) will unveil a debt restructuring proposal for its creditors by the end of July, it … Read more

Buffett ends drought with $11.6 billion Alleghany insurance purchase

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 21 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc … Read more

Amazon slams Reliance takeover of Future stores as ‘fraud’ in India newspaper ads

NEW DELHI, March 15 (Reuters) – Amazon.com Inc has gone on the attack in its bitter dispute with two Indian retailers, accusing them of fraud in Indian newspaper ads on Tuesday after Reliance Industries (RELI.NS) suddenly took over many of Future Retail (FRTL.NS) stores. Amazon has been contesting the planned $3.4 billion sale of Future … Read more

Goldman Sachs becomes first major Wall St bank to quit Russia

March 10 (Reuters) – Goldman Sachs Group Inc (GS.N) said on Thursday it was closing its operations in Russia, becoming the first major Wall Street bank to exit the country following Moscow’s invasion of Ukraine. Operating in Moscow has been increasingly difficult for Western financial institutions amid international sanctions against Russia and banks have been … Read more

Financial screws turned on Russia as insurers exit, London stocks halted

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LSE halts trading in Russia-related GDRs Trade insurer withdraws from Russian risk Investors continue selling Russian assets Deutsche Bank testing Russia tech center LONDON, March 4 (Reuters) … Read more