61.25 F
New York
April 14, 2021

billion

Tesco reports 2 billion pounds profit after ‘exceptionally strong’ sales

Reuters
FILE PHOTO: A logo of Tesco is pictured outside a Tesco supermarket in Hatfield, Britain October 6, 2020. REUTERS/Peter Cziborra/File Photo LONDON (Reuters) – Tesco, Britain’s biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating profit of 1.99 billion pounds ($2.74 billion) after seeing “exceptionally strong”......

How Alex Rodriguez and Marc Lore’s $1.5 billion purchase of the Timberwolves can rebuild the team, boost diversity in NBA

CNBC
CNBC – For more and to sign up click here Alex Rodriguez on May 9, 2019, at NBC’s “Today.” Zach Pagano | NBCUniversal | Getty Images Alex Rodriguez is finally about to become a sports owner. Months after the former Major League Baseball star came up short in a bid......

Nvidia expects first-quarter sales to exceed $5.3 billion

Reuters
FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, February 11, 2015. REUTERS/Robert Galbraith/File Photo (Reuters) -Nvidia Corp’s first-quarter revenue will be above its earlier forecast of $5.3 billion, the chipmaker said on Monday, as it benefits from strong demand for chips......

Microsoft to Buy Nuance for $16 Billion to Focus on Health Care Tech

New York Times
Microsoft said on Monday that it would buy Nuance Communications, a provider of artificial-intelligence and speech-recognition software, for about $16 billion, as it pushes to expand its health care technology services. In acquiring Nuance, whose products include the transcription tool Dragon, Microsoft is hoping to bolster its offerings for the......

Air France-KLM seeks about 1 billion euros via share issue

Reuters
FILE PHOTO: KLM airplanes are seen parked at Schiphol Airport in Amsterdam, Netherlands April 2, 2020. REUTERS/Piroschka van de Wouw/File Photo PARIS (Reuters) – Air France-KLM has launched a share issue to raise about 988 million euros ($1.2 billion) to strengthen its liquidity and finance its general needs in the......

Factbox: Biden jobs plan includes $50 billion for chips research, manufacturing

Reuters
WASHINGTON (Reuters) – President Joe Biden’s $2 trillion infrastructure investment package includes $300 billion to boost the struggling U.S. manufacturing sector, including $50 billion for semiconductor production and research, the White House said on Monday. FILE PHOTO: U.S. President Joe Biden speaks during an economic briefing in the Oval Office......

Microsoft buys Nuance Communications in a $16 billion deal

CNBC
CNBC – For more and to sign up click here Microsoft CEO Satya Nadella looks on during a panel session on day three of the World Economic Forum in Davos, Switzerland, on Jan. 24, 2019. Jason Alden | Bloomberg | Getty Images Microsoft announced Monday that it will buy speech......

Biden Seeks $400 Billion to Buttress Long-Term Care. A Look at What’s at Stake.

KHN
Judith Graham There’s widespread agreement that it’s important to help older adults and people with disabilities remain independent as long as possible. But are we prepared to do what’s necessary, as a nation, to make this possible? This story also ran on NPR. It can be republished for free. That’s......

Alibaba shares jump 5% after being hit with $2.8 billion fine in anti-monopoly probe

CNBC
CNBC – For more and to sign up click here The signage is seen at Alibaba Group headquarters during the company’s 11.11 Singles’ Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped more than......

Microsoft in advanced talks to buy Nuance for about $16 billion, announcement could come Monday

CNBC
CNBC – For more and to sign up click here Microsoft CEO Satya Nadella speaks during the Future Decoded Tech Summit in Bengaluru, India, on Feb. 25, 2020. Samyukta Lakshmi | Bloomberg | Getty Images Microsoft is in advanced talks to acquire speech-recognition company Nuance Communications, a person familiar with......

China’s Alibaba hit with record $2.75 billion antitrust fine

Reuters
(Reuters) – Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company and other technology conglomerates. FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front......

China slaps Alibaba with $2.8 billion fine in anti-monopoly probe

CNBC
CNBC – For more and to sign up click here Exterior of Alibaba Group Beijing Headquarters on November 10, 2019 in Beijing, China. VCG | Visual China Group | Getty Images Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech......

China Fines Alibaba $2.8 Billion in Landmark Antitrust Case

New York Times
China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regulate the country’s internet giants more closely. Beijing’s market watchdog began investigating Alibaba in December for potential antitrust violations......

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo SHANGHAI (Reuters) -Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its......

Venture funding soared to record $64 billion in Q1

CNBC
CNBC – For more and to sign up click here Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk’s SpaceX, leading to a record quarter for U.S. venture funding. Venture-backed companies raised......

News Corp issuing $1 billion bond for acquisitions, operations

TheHill
USA TODAY – For more and to sign up click here Thomas Moore News Corp is issuing $1 billion worth of bonds to potentially fund more acquisitions as well as other general corporate purposes, including raising working capital, the company announced Thursday. The $1 billion figure is an increase from......

Sneaker reseller StockX’s valuation jumps to $3.8 billion

CNBC
CNBC – For more and to sign up click here Scott Cutler, CEO, StockX Scott Mlyn | CNBC StockX, after a record year of revenue, completed a new funding round that values the high-end sneaker reseller at $3.8 billion. On Thursday, StockX announced the conclusion of a $195 million secondary......

Biden plan calls for $100 billion in new EV consumer rebates: email

Reuters
FILE PHOTO: An electric vehicle (EV) fast charging station is seen in the parking lot of a Whole Foods Market in Austin, Texas, U.S., December 14, 2016. REUTERS/Mohammad Khursheed WASHINGTON (Reuters) – The Biden administration’s $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates......

Biden plan calls for $100 billion in new EV consumer rebates: email

Reuters
FILE PHOTO: An electric vehicle (EV) fast charging station is seen in the parking lot of a Whole Foods Market in Austin, Texas, U.S., December 14, 2016. REUTERS/Mohammad Khursheed WASHINGTON (Reuters) – The Biden administration’s $174 billion proposal to boost electric vehicles calls for $100 billion in new consumer rebates......

Target says it will spend more than $2 billion with Black-owned businesses by 2025

CNBC
CNBC – For more and to sign up click here People stand in line at Target in Kips Bay during the coronavirus pandemic on April 14, 2020 in New York City. Noam Galai | Getty Images Target said it will hire more Black-owned companies, launch a program to identify and......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More