By Josie Kao (Reuters) – U.S. rapper Kanye West, who now goes by Ye, has agreed in principle to buy social media platform Parler, which is popular among U.S. conservatives, the app’s parent company said on Monday. Ye’s offer comes after the artist was locked out of his Twitter and Instagram accounts this month for …
Explainer-Parler: what is the social media app Kanye West is buying? Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed higher for a second straight day on Tuesday as solid quarterly results from Goldman Sachs and Lockheed Martin lessened worries of a weak earnings season. Goldman Sachs Group Inc gained 2.33% after reporting a smaller-than-expected drop in quarterly profit as a boost in net interest …
MOSCOW (Reuters) – Chernogolovka, a Russian soft drinks producer hoping to seize market share as Western competitors leave, said a proposed new sugary drinks tax had forced it to scale back investments next year and freeze hiring for 1,000 new jobs. A parliamentary committee last week gave preliminary approval to budget proposals that would see …
Russian soft drinks maker to cut back investments, hiring over new sugar tax Read More »
PARIS (Reuters) – Renault and other carmakers are still facing problems regarding the global shortage of semiconductor chips needed in the car industry, Renault Chief Executive Luca de Meo told the Paris Automotive Summit. “We are still pretty much in trouble with this kind of thing,” said de Meo. “It might get better but problems …
Renault CEO: problems remain regarding supplies of semiconductor chips Read More »
(Reuters) – Enbridge Inc said on Monday it has reached an agreement on penalties over its Line 3 oil pipeline replacement project and that it will pay $11 million to various Minnesota regulators and the Fond du Lac Band of Lake Superior Chippewa. The Canadian company said $7.5 million of the total will be used …
Enbridge says it agreed to pay $11 million on Line 3 pipeline penalties Read More »
(Reuters) -Intel Corp is eyeing a valuation that is significantly lower than previously expected for the initial public offering of its self-driving car unit Mobileye, the Wall Street Journal reported on Monday, citing people familiar with the matter. Mobileye, which was originally expected to land a roughly $50 billion valuation, is now set to target …
Intel’s Mobileye IPO eyes significantly lower valuation – report Read More »
By Arunima Kumar and Ruhi Soni (Reuters) -Continental Resources Inc said on Monday it had agreed to a sweetened offer from founder Harold Hamm to take the U.S. shale oil producer private at a valuation of about $27 billion. Hamm, a legendary oilman who once called the Organization of the Petroleum Exporting Countries a “toothless …
Founder Harold Hamm clinches deal to take shale producer Continental private Read More »
(Reuters) – The Pentagon is considering paying for Elon Musk’s Starlink satellite network in war-torn Ukraine, Politico reported on Monday, citing two U.S. officials involved in the discussions. The most likely source of funding would be the U.S. Department of Defense Ukraine Security Assistance Initiative, designed to support the country as it fights Russia, the …
Pentagon considers funding Musk’s Starlink network for Ukraine – Politico Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks kicked off the trading week on Monday with a rally after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, which lifted optimism about the corporate earnings season. Britain named Jeremy Hunt finance minister, …
Wall Street rallies after BofA results, UK reversal Read More »
ORLANDO, Fla. (Reuters) – General Dynamics Corp’s Gulfstream Aerospace is weighing one of its business jets to replace its popular G550 aircraft which is now out of production for special mission purposes, President Mark Burns said on Monday. Governments are eying “special mission” business jets capable of looking or listening at potentially lower running costs …
Gulfstream Aerospace weighs G550 replacement for special missions Read More »
