News
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Ford and General Motors in talks with First Brands over rescue financing, FT reports
Jan 26 (Reuters) - Ford F.N and General Motors GM.N are in negotiations with bankrupt car parts supplier First Brands Group over a potential financing package to keep the Ohio-based company operating during its Chapter 11 proceedings, the Financial Times reported on Monday, citing several people fam...Reuters
Tue, Jan 27
Fat Brands Files Voluntary Chapter 11 Petitions
Jan 26 (Reuters) - FAT Brands Inc FAT.O:FAT BRANDS INC. FILES VOLUNTARY CHAPTER 11 PETITIONS TO BOLSTER CAPITAL STRUCTUREFAT BRANDS INC - BRANDS SUCH AS FATBURGER, JOHNNY ROCKETS, ROUND TABLE PIZZA, ARE EXPECTED TO REMAIN OPERATING AS USUAL DURING CHAPTER 11 PROCESSReuters
Tue, Jan 27
Japan-US alliance would crumble if Tokyo ignored Taiwan crisis, PM Takaichi says
TOKYO, Jan 27 (Reuters) - Prime Minister Sanae Takaichi said Japan's strategic alliance with the U.S. would collapse if Tokyo were to turn away from a conflict in Taiwan, but distanced herself from previous comments that suggested a possible military response in such an event.Takaichi expressed ...Reuters
Tue, Jan 27
Micron Technology Says Plans $24 Billion Investment in Singapore Over 10 Years
Jan 26 (Reuters) - Micron Technology Inc MU.O:MICRON TECHNOLOGY INC - PLANS $24 BILLION INVESTMENT OVER 10 YEARSMICRON BREAKS GROUND ON ADVANCED WAFER FABRICATION FACILITY IN SINGAPOREMICRON TECHNOLOGY INC - WAFER OUTPUT IS SCHEDULED TO BEGIN IN SECOND HALF OF CALENDAR 2028MICRON TECHNOLOGY INC - EX...Reuters
Tue, Jan 27
Micron plans $24 bln investment in Singapore for chip production, deputy PM says
SINGAPORE, Jan 27 (Reuters) - U.S. memory chipmaker Micron Technology MU.O plans to invest$24 billion to build a new NAND chip fabrication facility in Singapore, Deputy Prime Minister Gan Kim Yong said on Tuesday. In his speech at the company's groundbreaking ceremony, Gan said the facility repr...Reuters
Tue, Jan 27
Tennis-Dominant Sabalenka brushes aside teenager Jovic to reach semis
By Michael ChurchMELBOURNE, Jan 27 (Reuters) - Aryna Sabalenka handed 18-year-old American Iva Jovic a comprehensive 6-3 6-0 defeat at a sweltering Melbourne Park on Tuesday to remain on course for a third Australian Open title in four years.The world number one, champion in 2023 and 2024 and runner...Reuters
Tue, Jan 27
China will issue document about AI impact on employment, Xinhua says
BEIJING, Jan 27 (Reuters) - China will issue a policy document addressing the impact of artificial intelligence on employment, state news agency Xinhua reported on Tuesday. The document, which will also introduce support measures for key industries and employment groups, will be released by the huma...Reuters
Tue, Jan 27
California governor alleges TikTok is suppressing content critical of Trump
WASHINGTON, Jan 26 (Reuters) - California Governor Gavin Newsom alleged on Monday that TikTok was suppressing content critical of President Donald Trump and that Newsom was launching a review of the social media platform's content moderation practices to determine if they violated state law."...Reuters
Tue, Jan 27
EXCLUSIVE-Micron to announce memory chip manufacturing investment in Singapore, sources say
Jan 27 (Reuters) - U.S. memory chip maker Micron Technology MU.O is set to announce new memory chip manufacturing capacity investment in Singapore, three people briefed on the matter said, expanding production in response to an acute global memory shortage.The company will announce the investment as...Reuters
Tue, Jan 27
Brown & Brown's fourth-quarter profit rises on fee and commission growth
Jan 26 (Reuters) - Brown & Brown BRO.N reported a rise in fourth-quarter adjusted profit on Monday, as the insurance broker benefited from higher income from commissions and fees on the back of strong demand.Insurance providers are seeing increased demand as consumers and businesses boost covera...Reuters
Tue, Jan 27
First Brands to wind down key units as it seeks buyers amid bankruptcy crisis
Jan 26 (Reuters) - First Brands said on Monday it has begun winding down parts of its North American operations, including its Brake Parts, Cardone and Autolite units, while keeping its remaining businesses running as the company seeks buyers for the assets.The wind-down excludes First Brands' o...Reuters
Tue, Jan 27
UK's Starmer heads to China to repair ties as he navigates tensions with US
Starmer makes first visit to China by British PM since 2018UK wants to improve trade and economic ties with ChinaVisit follows Trump threats over GreenlandBy Andrew MacAskill LONDON, Jan 27 (Reuters) - Prime Minister Keir Starmer will fly to China on Tuesday on the first visit by a British le...Reuters
Tue, Jan 27
First Brands' lenders oppose $700 million loan request, push for asset liquidation, WSJ reports
Jan 26 (Reuters) - First Brands' top lenders, including distressed-debt investors King Street Capital Management and Mudrick Capital Management, are resisting a request by the auto parts supplier to secure a $700 million loan, the Wall Street Journal reported on Monday.Instead, the lenders are p...Reuters
Tue, Jan 27
Qilu Pharmaceutical in metabolic disease development deal with Insilico Medicine
SHANGHAI, Jan 27 (Reuters) - Chinese drugmaker Qilu Pharmaceutical will be responsible for developing metabolic disease drug candidates from Insilico Medicine under a contract with a total value that "approaches" $120 million, the Boston-based drug discovery firm said in a statement on Tuesd...Reuters
Tue, Jan 27
First Brands Group’S Top Lenders Are Resisting A Second Loan Of Up To $700 Million And Are Pushing For Liquidation Of Parts Of The Business - WSJ
Jan 26 (Reuters) - FIRST BRANDS GROUP’S TOP LENDERS ARE RESISTING A SECOND LOAN OF UP TO $700 MILLION AND ARE PUSHING FOR LIQUIDATION OF PARTS OF THE BUSINESS. - WSJSource text: https://tinyurl.com/bdcsabp2Reuters
Tue, Jan 27
Bovino removed from his role as US Border Patrol commander at large, The Atlantic reports
Jan 26 (Reuters) - Gregory Bovino has been removed from his role as the "commander at large" for the U.S. Border Patrol and will return to his former job in California, where he is expected to retire soon, the Atlantic reported on Monday, citing a Homeland Security official and two people wi...Reuters
Tue, Jan 27
