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CVS explores options including potential break-up 

Reuters exclusively reported that CVS Health is exploring options that could include a break-up of the company to separate its retail and insurance units, as the struggling healthcare services company looks to turn around its fortunes amid pressure from investors. The post CVS explores options including potential break-up  appeared first on Reuters...

Thu Oct 10, 2024 21:14
Intel says it has no plans to divest majority stake in Mobileye 

Reuters was first to report on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating earlier in the month after media reports that Intel was looking to sell a portion of its stake in the company.  The post Intel says it has...

Thu Oct 10, 2024 13:39
US opposition to Nippon Steel deal ‘very unsettling’, Japan PM hopeful says

Reuters exclusively reported that one of the frontrunners to become Japan’s next premier said that any U.S. move to block Japan’s Nippon Steel from buying U.S. Steel on national security grounds would be “very unsettling.” Shigeru Ishiba, a former defence minister, told Reuters in an interview that the move could dent trust between the allies. The White...

Mon Sep 30, 2024 14:36
US warned Nippon Steel its U.S. Steel bid risks harming American industry

Reuters exclusively reported that the Biden administration told Nippon Steel its $14.9 billion acquisition of U.S. Steel would pose a national security risk by harming the American steel industry, adding to evidence the U.S. is poised to block it. The post US warned Nippon Steel its U.S. Steel bid risks harming American industry appeared first on...

Fri Sep 27, 2024 22:00
Custody giant State Street expands crypto services in new partnership 

Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments. Through the partnership, State Street, which provides crypto fund administration and accounting services,...

Thu Sep 12, 2024 23:36
Japan, Tokyo governments target $4.7 bln valuation for Tokyo Metro in IPO

Reuters exclusively reported that Japan’s national and Tokyo governments are seeking a 700 billion yen ($4.7 billion) valuation for Tokyo Metro as they prepare to list the subway operator as early as October-end, in what would be the nation’s biggest IPO in roughly six years. The two governments, which own 100% of Tokyo Metro, plan to arrange a meeting...

Thu Sep 12, 2024 23:36

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