November 8, 20240 Comments

Kioxia files IPO registration statement; targeting December, sources say By Reuters

By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Bain Capital-backed Kioxia filed a registration statement on Friday which will allow the Japanese chipmaker to sound out investors for an initial public offering. Kioxia’s filings indicate it aims to conduct an IPO some time from December through June 2025. The chipmaker is targeting December, two people familiar with the matter said. Bain scrapped plans for an IPO in October after investors

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November 8, 20240 Comments

Sony operating profit jumps 42% in H1 By Reuters

TOKYO (Reuters) – Sony (NYSE:)’s operating profit soared 42.3% in the first half of the financial year ending March, the company reported on Friday. Profit for the April-September period was 734.18 billion yen ($4.80 billion). ($1 = 152.8700 yen) Source link

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November 8, 20240 Comments

Allegiant Air pilots vote to authorize strike action, union says By Reuters

(Reuters) – Allegiant Air’s pilots have voted in favor of authorizing a strike action if the carrier fails to reach a fair agreement, the Teamsters union said on Thursday. The union, which represents 1,300 pilots of the low-cost U.S. carrier, said 97.4% of the Allegiant Air pilots voted for authorizing a strike. “Allegiant pilots are some of the most overworked and underpaid in the airline industry,” the union said in

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November 8, 20240 Comments

BlackRock in talks to buy minority stake in Millennium, sources say By Reuters

(Reuters) – BlackRock (NYSE:) is in early-stage talks to take a minority stake in hedge fund Millennium Management, the Financial Times reported on Thursday, citing people familiar with the situation. The talks are at an early stage and may not lead to a deal, the report said, adding that any equity stake is likely to be small. If the deal were to materialize, it would mark the first time that

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November 7, 20240 Comments

Rivian sticks to gross profit target despite part supply disruption By Reuters

By Akash Sriram and Abhirup Roy (Reuters) -Rivian stuck to its forecast of achieving gross profit in the fourth quarter even as it reported its first drop in quarterly revenue hurt in part by shortage of a component. Shares of Rivian (NASDAQ:) rose nearly 2% as the Irvine, California-based company expects to “generate modest positive gross margin” in the current quarter helped largely by cost cuts, and higher revenue per

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November 7, 20240 Comments

Wall Street hits all-time highs, Fed decision on tap By Reuters

(Reuters) – Wall Street’s main stock indexes hit record highs in the run-up to an interest-rate decision from the Federal Reserve on Thursday, extending a sharp rally sparked by Donald Trump’s stunning comeback as U.S. president for a second time. The fell 11.0 points, or 0.03%, at the open to 43718.92. The rose 18.2 points, or 0.31%, at the open to 5947.21​, while the rose 101.0 points, or 0.53%, to

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