News
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OpenAI says Musk's takeover bid contradicts his lawsuit against it
By Anna TongFeb 12 (Reuters) - Billionaire Elon Musk's bid to buy OpenAI, which wants to be a for-profit entity, clashes with his lawsuit arguing that assets of the ChatGPT maker should not be for private gain, OpenAI wrote in a letter it submitted to a federal court on Wednesday.On Monday, a co...Reuters
Thu, Feb 13
BRIEF-Us Private Equity Groups Have Invested Billions Of Dollars In Data Centres Serving Tiktok Owner Bytedance - FT
Feb 12 (Reuters) - US PRIVATE EQUITY GROUPS HAVE INVESTED BILLIONS OF DOLLARS IN DATA CENTRES SERVING TIKTOK OWNER BYTEDANCE - FTBLACKSTONE, BAIN CAPITAL, WARBURG PINCUS, GENERAL ATLANTIC HAVE BACKED COMPANIES THAT RUN MALAYSIAN DATA CENTRES THAT COUNT BYTEDANCE AS TENANT - FTSource text: https://ti...Reuters
Thu, Feb 13
Ford CEO holds meetings with lawmakers after raising concerns about tariffs
WASHINGTON, Feb 12 (Reuters) - Ford CEO Jim Farley met with lawmakers in the U.S. Congress on Wednesday after raising concerns this week that 25% tariffs on Mexico and Canada would "blow a hole" in the U.S. auto industry.Reuters
Thu, Feb 13
BRIEF-Ten Holdings Announces Pricing Of $10.0 Million Initial Public Offering
Feb 12 (Reuters) - TEN Holdings Inc XHLD.O:TEN HOLDINGS, INC. ANNOUNCES PRICING OF $10.0 MILLION INITIAL PUBLIC OFFERINGTEN HOLDINGS INC - PRICING OF IPO OF AN AGGREGATE OF 1.6 MILLION SHARES FOR A PRICE OF $6.00 PER SHARESource text: ID:nPnc9YXhKaFurther company coverage: XHLD.OReuters
Thu, Feb 13
Family of Black woman killed by Illinois police to get $10 million in settlement
By Kanishka Singh Feb 12 (Reuters) - The family of Sonya Massey, a Black woman who was fatally shot by police in Illinois in July 2024, will receive $10 million as part of a settlement with officials from Sangamon County, the attorney representing the family said on Wednesday.Massey, 36, was kill...Reuters
Thu, Feb 13
EXCLUSIVE-Buyout firms vie for cybersecurity firm Trend Micro, sources say
Adds Trend Micro's share price in paragraph 3 after Tokyo trading opened on ThursdayBy Milana Vinn NEW YORK, Feb 12 (Reuters) - Bain Capital, Advent International and EQT AB are among the private equity firms competing to acquire Japanese cybersecurity firm Trend Micro 4704.T, which has a mar...Reuters
Thu, Feb 13
Trump says Putin and Zelenskiy want peace; phone calls kick off talks to end Ukraine war
Donald Trump said both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a desire for peace in separate phone calls with him on Wednesday, and Trump ordered top U.S. officials to begin talks on ending the war in Ukraine.
BRIEF-Bell Canada Announces Offering Of US$2.25 Billion Aggregate Principal Amount Of Hybrid Notes
Feb 12 (Reuters) - BCE Inc BCE.TO:BELL ANNOUNCES OFFERING OF US$2.25 BILLION AGGREGATE PRINCIPAL AMOUNT OF HYBRID NOTESBELL CANADA - SERIES B NOTES DUE 2055 WITH 7.000% INITIAL INTEREST RATEBELL CANADA- US$1 BLN FIXED-TO-FIXED RATE JUNIOR SUBORDINATED NOTES, SERIES A DUE 2055 WILL INITIALLY BEAR INT...Reuters
Thu, Feb 13
Paris AI Summit – Tech and world leaders gather to discuss AI policy, democracy, and regulation
It has been a busy week in Paris. Tech and world leaders gathered at the Grand Palais in Paris to attend the AI Action Summit, which sought to discuss AI policy and find common ground on technology.Cryptopolitan
Thu, Feb 13
EXCLUSIVE-Buyout firms vie for cybersecurity firm Trend Micro, sources say
By Milana Vinn Feb 12 (Reuters) - Bain Capital, Advent International and EQT AB are among the private equity firms competing to acquire Japanese cybersecurity firm Trend Micro 4704.T, which has a market value of 1.32 trillion yen ($8.54 billion), according to people familiar with the matter.The b...Reuters
Thu, Feb 13
BRIEF-Thoma Bravo-Backed Sailpoint’S IPO Raises $1.38 Billion - Bloomberg News
Feb 12 (Reuters) - THOMA BRAVO-BACKED SAILPOINT’S IPO RAISES $1.38 BILLION - BLOOMBERG NEWSTHOMA BRAVO-BACKED SAILPOINT’S IPO SOLD 60 MILLION SHARES THURSDAY FOR $23 EACH - BLOOMBERG NEWSSource text: [https://tinyurl.com/22m4wwbf]Reuters
Thu, Feb 13
White House eyes cuts to agency budgets of between 30% and 40%, Washington Post reports
WASHINGTON, Feb 12 (Reuters) - White House officials are eyeing cuts to agency budgets of between 30% and 40% on average across the government, centered on significant staff reductions, the Washington Post reported on Wednesday, citing sources.The newspaper added that billionaire Elon Musk's tea...Reuters
Thu, Feb 13
Australia increased aluminium exports with US blessing, trade minister says
By Alasdair Pal and Kirsty Needham SYDNEY, Feb 13 (Reuters) - Australia's trade minister Don Farrell said on Thursday the country had increased aluminium supply to the U.S. with Washington's approval, addressing a hurdle to Canberra's request for an exemption from U.S. tariffs on alum...Reuters
Thu, Feb 13
Trump administration begins layoffs at General Services Administration, sources say
Adds GSA comment in paragraph 3; details on cuts elsewhere in paragraph 6By Raphael Satter and AJ Vicens WASHINGTON, Feb 12 (Reuters) - Layoffs at the U.S. General Services Administration, the agency which manages the federal government's real estate portfolio, began on Wednesday, according t...Reuters
Thu, Feb 13
Shares of South Korean automakers rise on US comments on tariff exemption
SEOUL, Feb 13 (Reuters) - Shares of South Korean automakers rose on Thursday, after the Republican U.S. House of Representatives speaker said he believes President Donald Trump was considering exemptions to reciprocal tariffs that include the automobile and pharmaceutical industries.Hyundai Motor 00...Reuters
Thu, Feb 13
BRIEF-Anthropic Projects Soaring Growth To $34.5 Billion In 2027 Revenue- The Information
Feb 12 (Reuters) - ANTHROPIC PROJECTS SOARING GROWTH TO $34.5 BILLION IN 2027 REVENUE- THE INFORMATIONANTHROPIC BURNED $5.6 BILLION IN CASH LAST YEAR - THE INFORMATIONSource text: https://tinyurl.com/3v72x2uvFurther company coverage: AMZN.OReuters
Thu, Feb 13
Rubio to visit Germany, Israel, Saudi and UAE, State Dept says
WASHINGTON, Feb 12 (Reuters) - U.S. Secretary of State Marco Rubio will travel to Europe and the Middle East from February 13 to 18, the State Department said on Wednesday.Rubio will make stops in Germany, Israel, Saudi Arabia and the United Arab Emirates, it added.Reuters
Thu, Feb 13
