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By Maha El Dahan, Olesya Astakhova and Ahmad Ghaddar DUBAI/LONDON/MOSCOW (Reuters) -OPEC+ ministers from eight nations that are gradually raising oil output will meet online on Thursday and are likely to approve a further hike in production from May, sources from the producer group told Reuters. Eight members of OPEC+, a group that includes the …

OPEC+ members to meet Thursday, likely to stick to planned output hikes, sources say Read More »

(Reuters) -U.S. chipmaker Qualcomm is considering making an offer to acquire Alphawave IP Group, it said on Tuesday, sending shares of the British semiconductor company surging more than 52%. Alphawave designs and licenses semiconductor technology for data centers, networking, and storage. Its ‘serdes’ technology determines how fast information can be processed by chips – crucial …

Qualcomm considers buying UK semiconductor firm Alphawave Read More »

By Milana Vinn, Max A. Cherney and Amy-Jo Crowley NEW YORK/SAN FRANCISCO/LONDON (Reuters) -SoftBank-owned chip tech provider Arm Holdings recently sought to acquire UK-based Alphawave to secure a crucial technology for building its own artificial-intelligence processors, according to three sources familiar with the matter. Alphawave, a supplier of semiconductor intellectual property, has been working with …

Exclusive-Arm recently sought to acquire Alphawave for AI chip tech, sources say Read More »

By Jaspreet Singh and Harshita Mary Varghese (Reuters) -OpenAI said on Monday it would raise up to $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools. The Japanese tech investment group said it has agreed to fund …

OpenAI to raise $40 billion in SoftBank-led round to boost AI efforts Read More »

(Reuters) -Institutional Shareholder Services has advised Goldman Sachs investors to reject the board’s decision to grant one-time stock awards to its top two executives, becoming the second prominent proxy advisory firm to do so. The combined $160 million stock awards to CEO David Solomon and Chief Operating Officer John Waldron, who is widely considered Solomon’s …

Proxy adviser ISS urges vote against retention bonuses for Goldman CEO, COO Read More »

By Ella Cao and Tom Polansek BEIJING (Reuters) -China said it would deliver a “fair and objective” ruling following a hearing in its ongoing investigation into beef imports that could lead to higher tariffs or import limits if it finds domestic producers are at risk. Launched last year, the review covers all imported beef rather …

China says beef tariff investigation will be fair Read More »

(Reuters) -Shares of Johnson & Johnson fell more than 5% on Tuesday after a U.S. bankruptcy judge rejected its $10 billion proposal to end tens of thousands of lawsuits alleging that its baby powder and other talc products cause ovarian cancer.  This is third time that the healthcare conglomerate’s bankruptcy strategy has failed in court. …

J&J shares tumble as judge rejects $10 billion talc settlement Read More »