Month: November 2021

Reuters exclusively reported that Canada would respond “appropriately” to proposed U.S. electric vehicle tax credits for American-built vehicles, which it says would harm workers on both sides of the border. Industry Minister Francois-Philippe Champagne, who previously served as foreign minister for Prime Minister Justin Trudeau, met with U.S. Commerce Secretary Gina Raimondo, White House Science Advisor […]

Reuters was first to report that OneStream Software, which is backed by private equity firm KKR & Co, has hired advisers to help it prepare for an initial public offering (IPO) in New York that could value the software maker at over $10 billion. Rochester, Michigan-based OneStream, which builds software tools and solutions designed for chief financial […]

Reuters exclusively reported that the second-largest U.S. food distributor was seeking to hire a chief operating officer and replace its chief financial officer, as it faces pressure from an activist investment firm to improve its operation. The post Reuters exclusively reports US Foods seeks new top executives amid investor pressure; market reacts appeared first on […]

Reuters was first to report that private equity firm Bain Capital has kicked off preparations to list digital consulting firm Brillio on the U.S. stock market early next year. Brillio has hired investment banks Goldman Sachs and JPMorgan Chase to help it prepare for an IPO. The company could seek a valuation including debt of $3 billion […]

Reuters described in detail how after seven decades of tenuous stalemate between China and Taiwan, there is a renewed risk of conflict. While it is impossible to know how this long rivalry will play out, in some respects the battle for Taiwan is already underway, military strategists said. The Chinese military – the People’s Liberation […]

Reuters exclusively reported the UN special envoy for Sudan said talks had yielded the outline of a potential deal on a return to power-sharing, including restoration of the ousted premier, but it had to be agreed in “days not weeks” before both sides’ positions harden. The United Nations has been coordinating efforts to find a […]

On Tuesday, Reuters exclusively reported that Amazon is seeking to settle two EU antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the matter said. Last November, The European Commission charged the world’s biggest online retailer with using its size, power and data to push its […]

Reuters exclusively reported that Italian state lender Cassa Depositi e Prestiti (CDP) and Australian fund Macquarie are set to secure unconditional EU antitrust approval for their acquisition of broadband network company Open Fiber, sources close to the matter said on Monday. The approval could help a long-unresolved plan to merge Open Fiber’s network with that […]

Reuters was first to report that TikTok Chief Executive Officer Shou Zi Chew will step down as its parent ByteDance’s chief financial officer to focus on running the short video operation business full time. The Chinese tech company also plans a major reorganization to create six business units, ByteDance Chief Executive Liang Rubo said in the memo […]

Reuters broke the news that Goldman Sachs Group Inc has come up with a new offering that allows investors to bet on special purpose acquisition companies (SPACs), its latest attempt to capitalize on the dealmaking trend. Reuters sources said the bank makes money by providing investors financing to participate in the product and by keeping some of […]