By Anirban Sen and Milana Vinn NEW YORK (Reuters) -Buyout firms Francisco Partners and TPG saved hundreds of millions of dollars in their $6.5 billion deal to buy New Relic by walking away from negotiations with the business software company in May and then returning two months later with a lower offer, people familiar with…
By Liz Lee, Ryan Woo and Ethan Wang BEIJING (Reuters) -From coping with dangerously swollen rivers to helping residents trapped in waterlogged cities, China’s disaster-response systems are being put to the test after one of the strongest storms in years brought record rainfall that could take weeks to recede. Typhoon Doksuri battered northern China this…
By Rod Nickel WINNIPEG, Manitoba (Reuters) – Prime Minister Justin Trudeau is aiming to turn Canada’s power grid net-zero by 2035, a goal that the premier of oil and gas-producing Alberta says she will defy, charging it is unrealistic before 2050. But power-generating companies in the country’s highest greenhouse gas-emitting province are more optimistic and…
(Reuters) -Hasbro said on Thursday it would sell its eOne film and TV studio to Lionsgate Entertainment for about $500 million as part of the toymaker’s efforts to focus on more profitable brands. The deal, which includes 6,500 titles such as “Yellowjackets”, “The Rookie”, has been approved by both companies’ boards and is expected to…
By Siddarth S (Reuters) -Canada’s main stock index fell to more than three-week lows on Thursday as Fitch’s surprise downgrade of the U.S. credit rating fanned market worries, while dour forecast from the world’s biggest fertilizer company Nutrien weighed on materials sector. At 10:23 a.m. ET (1423 GMT), the Toronto Stock Exchange’s S&P/TSX composite index…
(Reuters) – U.S. travel stocks fell in early trading on Thursday following downbeat quarterly reports from Spirit Airlines and Expedia that amplified concerns domestic demand may be easing after a strong rebound from pandemic lows. Spirit, which mainly operates on domestic routes, also forecast weaker-than-expected revenue for the third quarter, with Citi analysts citing the…
By Nate Raymond and Chris Prentice BOSTON (Reuters) -Massachusetts securities regulators have opened an investigation into the ways in which investment firms use artificial intelligence in their interactions with investors, citing concerns about the technology’s potential unchecked use.Massachusetts Secretary of State Bill Galvin, the state’s top securities regulator, on Thursday announced that his office had…
BEIJING (Reuters) – China’s central bank governor pledged on Thursday to guide more financial resources towards the private economy, suggesting refreshed urgency from Beijing to bolster the confidence among private firms as economic momentum weakens. During a meeting on Thursday with at least eight private firms from sectors including property, aluminium and agribusiness, the People’s…
By Edward McAllister DAKAR (Reuters) -When Niger’s coup leader Abdourahmane Tiani announced the overthrow of President Mohamed Bazoum on television last week, he cited persistent insecurity as justification. But an analysis of data on attacks and casualties in the country, where an Islamist insurgency has raged, shows that security was actually improving thanks to tactics…
(Reuters) – Three Tesla owners in California on Wednesday sued the automaker in a proposed class action that accuses the company of falsely advertising the estimated driving ranges of its electric vehicles. The lawsuit in the U.S. District Court for the Northern District of California cites a Reuters article published last week which reported Tesla…
