(Reuters) -Consumer insights company NIQ Global [NIQ.N], backed by investment firms Advent International and KKR, said on Tuesday it had raised $1.05 billion in its initial public offering in the United States. About 50 million shares were priced at $21 each in the IPO, valuing NIQ at $6.35 billion. The move sets the stage for …
Advent-backed NIQ raises $1.05 billion in US IPO Read More »
By Surbhi Misra (Reuters) -The Los Angeles Times newspaper plans to go public within the next year, its owner Patrick Soon-Shiong said in a television interview, aiming to give the public ownership of the 143-year-old publication. “We’re literally going to take LA Times public and allow it to be democratized and allow the public to …
Los Angeles Times plans IPO, billionaire owner says Read More »
By Raphael Satter WASHINGTON (Reuters) -Bleach maker Clorox said Tuesday that it has sued information technology provider Cognizant over a devastating 2023 cyberattack, alleging the hackers gained access by asking the tech company’s staff for its employees’ passwords. Clorox was one of several major companies hit in August 2023 by the hacking group dubbed Scattered …
Clorox accuses IT provider in lawsuit of giving hackers employee passwords Read More »
TOKYO (Reuters) -Japan and the United States agreed to keep the current 50% tariff on steel and aluminium as part of the bilateral trade deal, Japanese public broadcaster NHK reported on Wednesday. (Reporting by Kaori KanekoEditing by Chang-Ran Kim)
(Reuters) -U.S. National Nuclear Security Administration was among those breached by a hack of Microsoft’s SharePoint document management software, Bloomberg News reported on Tuesday, citing a person with knowledge of the matter. Bloomberg reported that no sensitive or classified information is known to have been compromised in the attack on the National Nuclear Security Administration, …
US nuclear weapons agency breached in Microsoft SharePoint hack, Bloomberg News reports Read More »
SAO PAULO (Reuters) -Brazilian miner Vale produced 83.6 million metric tons of iron ore in the second quarter, up 3.7% from a year earlier, the company reported on Tuesday. In its output and sales report, Vale said the increase was mainly driven by a new second-quarter record at the S11D mining project in northern Brazil, …
Vale’s iron ore output up 4% with record Q2 at key mine Read More »
By Kylie Madry MEXICO CITY (Reuters) -Mexican lender Banorte’s net profit ticked up 4% in the second quarter, lifted by a double-digit jump in its loan book, it reported on Tuesday. Net profit for the period was 14.62 billion pesos ($779.09 million), but below the 15.01-billion-peso estimate from analysts polled by LSEG. Net interest income, …
Mexico’s Banorte posts 4% profit bump as loan book grows Read More »
TOKYO (Reuters) -Japan’s top tariff negotiator, Ryosei Akazawa, met with U.S. President Donald Trump at the White House on Tuesday, the Asahi newspaper reported on Wednesday. Akazawa is visiting Washington to hold further talks with the United States, as Tokyo hopes to clinch a deal by an August 1 deadline that will avert Trump’s tariff …
Japan’s top tariff negotiator met with Trump at White House, Asahi reports Read More »
By Noel Randewich and Pranav Kashyap (Reuters) -The S&P 500 eked out a record-high close on Tuesday, following steep losses in General Motors and a gain in Tesla as investors focused on recent and upcoming quarterly reports and watched for signs of progress in U.S. trade discussions. GM tumbled 8.1% after the automaker reported a …
S&P 500 notches record-high close; GM slumps as tariffs bite Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon has reached a deal to buy San Francisco-based Bee, a startup making an artificial intelligence-enabled bracelet to listen in on and transcribe conversations. Bee’s $50 wristband can analyze and distill what it records to make summaries, to-do lists or other tasks. Amazon confirmed the deal on Tuesday following …
