(Reuters) – Apple is planning to switch to a homegrown chip for Bluetooth and Wi-Fi connections for its devices starting next year, a move that will phase out some parts currently supplied by Broadcom, Bloomberg News reported on Thursday. The chip, code-named Proxima, has been under development for several years and is now slated to …
OTTAWA (Reuters) – The Canadian government has sold its roughly 6% stake in Air Canada in the past few days, the Globe and Mail reported on Thursday, citing a source. The government sold its Air Canada shares at an average selling price of about C$25 a share, the newspaper reported. Ottawa had bought Air Canada …
Canada government sells its Air Canada stake, Globe and Mail reports Read More »
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator added two banks to its so-called “problem bank” list in the third quarter, while overall industry profits dipped 8.6%, the regulator said. The Federal Deposit Insurance Corporation typically does not identify firms that are added to the list, which includes banks that have received …
US regulator’s ‘problem bank’ list grows as industry profits dip Read More »
(Reuters) – Wall Street executives at the Reuters Next conference in New York expect a $7-trillion cash pile that proved invulnerable to falling interest rates in 2024 to start melting next year as easier monetary policy tempts clients out of the ultra-conservative asset class. So far, such hopes have been in vain. Cash in money …
Wall Street hopes rate cuts will force clients out of cash in 2025 Read More »
NEW YORK (Reuters) – The value of U.S. power and utilities deals fell over the last year to $27.8 billion, down by 36% from 2023, as political uncertainty ahead of the Nov. 5 presidential election slowed transactions, a PwC report said on Thursday. WHY IT’S IMPORTANT Renewable power deals flourished as a result of U.S. …
US power deals down 36% in last year due to political uncertainty, PwC says Read More »
By Nate Raymond (Reuters) -A U.S. appeals court on Wednesday ruled that Nasdaq could not impose rules designed to increase diversity in corporate America by requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not. The 9-8 ruling by the conservative-majority New Orleans-based 5th …
US appeals court tosses Nasdaq board diversity rules Read More »
By Pritam Biswas, Jaiveer Shekhawat and Echo Wang (Reuters) -Shares of ServiceTitan rose about 42% in their U.S. market debut on Thursday, giving the cloud-based software company a valuation of nearly $9 billion. The company’s shares opened at $101 apiece in their Nasdaq debut, compared with the initial public offering (IPO) price of $71. The …
Software firm ServiceTitan valued at nearly $9 billion as shares soar in debut Read More »
By Allison Lampert and Dan Catchpole SEATTLE (Reuters) – Since a crippling strike at many of Boeing’s U.S. plane factories ended more than a month ago, progress ramping up production of its best-selling 737 MAX jet has been deliberately slow. Safety inspectors inside the 737 MAX factory outside Seattle laboriously scoured half-constructed planes for flaws …
Inside Boeing’s struggle to make its best-selling plane again Read More »
By Raphael Satter and Christopher Bing WASHINGTON -Two Democratic senators and a host of environmental groups have called for investigations and accountability following a Reuters report that a lobbyist for Exxon Mobil had been investigated for its alleged role in a sweeping hack-and-leak operation that targeted prominent critics of the oil company. In late November, …
US senators, green groups call for accountability over hacking of Exxon critics Read More »
By Suzanne McGee (Reuters) -BlackRock recommends that interested investors consider allocating as much as 2% of their portfolio to bitcoin, the world’s largest cryptocurrency, the giant asset manager said in a report on Thursday. “We see a case for investors with suitable governance and risk tolerance to include bitcoin in a multi-asset portfolio,” a team …
BlackRock recommends bitcoin portfolio weighting of up to 2% for interested investors Read More »
