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September 22, 2021

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FTC staff to present findings on Big Tech’s smaller acquisitions

Reuters
WASHINGTON, Sept 15 (Reuters) – Staff of the Federal Trade Commission will present their findings on Wednesday on business deals that tech platforms like Facebook (FB.O) and Alphabet’s (GOOGL.O) Google did that were sometimes too small to prompt antitrust review. The agency, which began holding open meetings after progressive Lina......

S.Korea fines Google $177 mln for blocking Android customisation

Reuters
Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL, Sept 14 (Reuters) – A South Korea’s antitrust regulator has fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million) for blocking customised versions of its Android operating system (OS), in the......

Texas city to offer Samsung large property tax breaks to build $17 bln chip plant

Reuters
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman Sept 6 (Reuters) – The city of Taylor, Texas – one of two locations in the state under consideration by Samsung Electronics (005930.KS) for a $17 billion chip......

China’s biggest air show to highlight homegrown technology

Reuters
Visitors look at airborne weapons displayed at a booth of Aviation Industry Corporation of China (AVIC) at the China International Aviation and Aerospace Exhibition, or Zhuhai Airshow, in Zhuhai, Guangdong province, China November 7, 2018. REUTERS/Brenda Goh Pandemic forced show to be postponed nearly a year To run from Sept.......

Factbox: Stocks to watch as Ida takes toll on Louisiana, Mississippi

Reuters
A satellite image shows Hurricane Ida in the Gulf of Mexico August 29, 2021. European Union, Copernicus Sentinel-3 Imagery, Processed by DG DEFIS/Handout via REUTERS Aug 30 (Reuters) – After sweeping ashore to Louisiana from the Gulf of Mexico Sunday, Hurricane Ida lost some of its punch as it grinded......

Amazon-backed Rivian seeks $70-80 bln valuation in IPO – source

Reuters
The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo Aug 27 (Reuters) – Amazon.com Inc-backed (AMZN.O) electric vehicle company Rivian is seeking a valuation of around $70-80 billion in its......

China’s CATL, Huayou eye 10% stakes in miner Jinchuan -sources

Reuters
A sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde, Fujian province, China August 8, 2018. Picture taken August 8, 2018. REUTERS/Stringer CATL submits HK$2 bln offer for 9.9% of Jinchuan Intl – sources Deal would value Chinese cobalt miner at around......

Taiwan says BioNTech shots available earlier than expected

Reuters
A nurse prepares a Pfizer BioNTech coronavirus disease (COVID-19) vaccination as part of a vaccine drive by the Fernandeno Tataviam Band of Mission Indians in Arleta, Los Angeles, California, U.S., August 23, 2021. REUTERS/Lucy Nicholson TAIPEI, Aug 26 (Reuters) – Taiwan’s government said BioNTech SE (22UAy.DE) COVID-19 vaccines are available......

S.Korea set to curb Google, Apple commission dominance

Reuters
SEOUL, Aug 24 (Reuters) – South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech giants by a major economy. The parliament’s legislation and judiciary committee......

Samsung to invest $206 bln by 2023 for post-pandemic growth

Reuters
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman SEOUL, Aug 24 (Reuters) – Samsung Group will invest 240 trillion won ($206 billion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors......

Biden administration to use commercial airlines to carry Afghan evacuees

Reuters
U.S. soldiers, assigned to the 82nd Airborne Division, arrive to provide security in support of Operation Allies Refuge at Hamid Karzai International Airport in Kabul, Afghanistan, August 20, 2021. Senior Airman Taylor Crul/U.S. Air Force/Handout via REUTERS WASHINGTON, Aug 22 (Reuters) – U.S. President Joe Biden’s administration said on Sunday......

The electric vehicle boom is pay-dirt for factory machinery makers

Reuters
DETROIT, Aug 20 (Reuters) – The investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush. The good times for the makers of robots......

Japan warns of ‘serious’ impact after S.Korean forced labour verdict

Reuters
The logo of Mitsubishi Heavy Industries is seen at the company’s news conference in Tokyo, Japan May 9, 2016. REUTERS/Issei Kato/File Photo TOKYO/SEOUL, Aug 19 (Reuters) – Japan warned on Thursday of “serious” ramifications if a South Korean court ruling to seize assets of Mitsubishi Heavy Industries (7011.T) as compensation......

UK to probe U.S. private equity purchase of defence firm Ultra

Reuters
Both Ultra Electronics and Cobham have technologies used in the Eurofighter Typhoon jet. REUTERS/Johanna Geron LONDON, Aug 18 (Reuters) – Britain said it will investigate possible national security risks from the planned 2.6 billion-pound ($3.6 billion) acquisition of defence firm Ultra Electronics by rival Cobham, which is owned by U.S.......

EV startups hunt for low-cost roads to mass production

Reuters
BICESTER, England, Aug 17 (Reuters) – Electric car and van startups racing to become the next Tesla Inc (TSLA.O) all want to avoid Elon Musk’s journey through “manufacturing hell.” But electric vehicle firms such as UK van company Arrival SA (47K.F) and Fisker Inc (FSR.N) are taking very different roads......

Facebook, Amazon seek U.S. approval to operate undersea data cable

Reuters
WASHINGTON, Aug 13 (Reuters) – Facebook Inc (FB.O) and Amazon.com Inc (AMZN.O) have asked the U.S. government for approval to operate a new undersea data cable between the Philippines and California after China Mobile (0941.HK) agreed to exit the plan, a government agency said Friday. The two companies told the......

Samsung leader Jay Y. Lee released from jail on parole

Reuters
UIWANG, South Korea, Aug 13 (Reuters) – Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee, convicted of bribery and embezzlement, was released on parole on Friday, with hopes high at the tech giant that he will also soon be allowed to work as big investment decisions await him. Lee, 53,......

Americans vie for UK’s Meggitt as TransDigm makes $9.7 bln overture

Reuters
Meggitt gets possible 900p/share offer from TransDigm Shares hit fresh record high of 846p Company continues to back Parker-Hannifin offer Aug 11 (Reuters) – A U.S. bidding battle could be brewing for UK aerospace engineer Meggitt (MGGT.L), which has been approached by TransDigm (TDG.N) over a possible 7.03 billion pound......

Germany Inc offers brighter outlook as recovery gathers pace

Reuters
Q2 adj EBITDA down 10.6% Raises 2021 outlook Buys Vividion Therapeutics for up to $2 bln Shares down as much as 6.1% FRANKFURT, Aug 5 (Reuters) – Some of Germany’s best-known brands and industry bellwethers lifted their full-year sales and profit expectations on Thursday, citing a broad demand recovery from......

Thales to sell signalling business to Hitachi in $2 bln deal

Reuters
PARIS, Aug 4 (Reuters) – Thales (TCFP.PA), Europe’s largest defence electronics company, said it was in advanced talks to sell its GTS railway signalling business to Japan’s Hitachi (6501.T) in a deal that values the division at 1.66 billion euros ($2 billion). The sale – which confirmed a Reuters exclusive......

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