Uncategorized

Reuters broke the news that BNP Paribas is working with advisers to assess a sale of its U.S. arm Bank of the West, as it seeks to retreat from the American retail banking market after struggling to compete with larger rivals. The 147-year old Bank of the West has $99.2 billion of assets and is […]

Shares of CoreSite Realty Corp rose as much 8.6% after Reuters revealed that the U.S. data center operator, which has a market value of more than $8 billion, was working with an investment bank to explore its options after attracting acquisition interest. Reuters sources said that CoreSite has been approached by companies that include American Tower Corp and Digital Realty […]

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 […]

Reuters exclusively reported that Britain could revive domestic production of super strong magnets used in electric vehicles and wind turbines with government support, to cut its reliance on China and achieve vital cuts in carbon emissions. A magnet factory would help Britain, which hosted the COP26 UN climate talks in Glasgow, Scotland, meet its goal […]

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 […]

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 […]