By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) – Kioxia Holdings Corp and Western Digital Corp are speeding up merger talks and nailing down a deal structure, two sources with direct knowledge of the matter said, as a slumping flash memory market puts fresh consolidation pressure on the world’s No. 2 and No. 4 players….
By Scott Murdoch and Himanshi Akhand (Reuters) -Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a higher A$1.86 billion ($1.26 billion) offer from global private equity firm TPG had been tabled just weeks after it rejected a lower bid it said undervalued the funeral services provider. Shares of InvoCare rose to…
OTTAWA (Reuters) – Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing plan in Windsor, Canada over a disagreement with the federal government about subsidies, a spokesperson for the company said on Monday. “As of today, the Canadian Government has not delivered on what was agreed to…
WASHINGTON (Reuters) – XCast Labs, a company accused of helping make billions of illegal robocalls, was sued on Friday by the U.S. Federal Trade Commission, which asked the court to order the company to stop the practice. XCast, a Voice over Internet Protocol (VoIP) provider, is accused of helping other companies, at least one of…
By David Shepardson WASHINGTON (Reuters) – A group of U.S. Tesla Model S and Model X owners filed a proposed class-action lawsuit against the electric vehicle maker in California Friday over automatic software updates that reportedly decreased driving range or cause battery failures. The lawsuit claims Tesla’s updates and their effects violate state and federal…
WASHINGTON (Reuters) -Google, a unit of Alphabet, has agreed to pay $8 million to settle claims it used deceptive advertisements to promote the Pixel 4 smartphone, Texas Attorney General Ken Paxton announced on Friday. The search and advertising giant, which also makes Android smartphone software and owns YouTube, has been scrutinized for antitrust and consumer…
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co on Friday asked a federal judge to deny class-action status to more than 100 women who said the bank helped enable the late financier Jeffrey Epstein to sexually abuse them. In a filing in Manhattan federal court, the largest U.S. bank said Epstein’s accusers…
By Kannaki Deka (Reuters) – U.S. private equity firm TPG Inc said on Monday it would buy alternative investment firm Angelo Gordon in a deal valued at $2.7 billion as it looks to bolster its credit investing business. Major private equity firms have been expanding beyond their mainstay business as the equity funding market loses steam….
By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Teva Pharmaceuticals USA Inc’s challenge to a $235 million award to GlaxoSmithKline LLC in a patent dispute over generic drugs involving a heart medication. The justices turned away Israel-based Teva’s appeal of a lower court’s ruling reinstating the jury award…
BRUSSELS (Reuters) – Europe is not in danger of a real estate or debt crisis as a result of the rapid rise in European Central Bank interest rates, Economic Commissioner Paolo Gentiloni said on Monday. The ECB has raised rates by a combined 375 basis points since July to curb inflation which hit double digits…
