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Monday, April 29
by
SRN News
Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said ...
Monday, April 29
by
SRN News
NBC plans about $2.5 billion offer for NBA broadcast rights, WSJ reports
(Reuters) -Comcast’s NBCUniversal is planning to pay an average of about $2.5 billion a year to broadcast a package of National Basketball Association (NBA) games, the Wall Street Journal reported on Monday, citing people familiar with the matter. Warner Bros Discovery’s TNT has paid ...
Monday, April 29
by
SRN News
Reports: Chiefs adjust Travis Kelce’s contract; now highest-paid TE
Travis Kelce and the Kansas City Chiefs agreed to a new two-year deal that makes the nine-time Pro Bowl selection the NFL’s highest-paid tight end, according to multiple reports. Kelce’s deal was quickly celebrated by Chiefs quarterback Patrick Mahomes. “I told yall I’ll never ...
Monday, April 29
by
SRN News
Tesla’s stock leaps on reports of Chinese approval for the company’s driving software
NEW YORK (AP) — Shares of Tesla stock rallied Monday after the electric vehicle maker’s CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software. Musk met with a senior government official in ...
Monday, April 29
by
SRN News
Coca-Cola gears up for IPO of $8 billion African bottling arm, Bloomberg reports
(Reuters) – Coca-Cola is gearing up for the initial public offering (IPO) of $8 billion African bottling arm, Bloomberg News reported on Monday. The company did not immediately respond to a Reuters request for comment. (Reporting by Ananya Mariam ...
Sunday, April 28
by
SRN News
Redstones, Ellison offer concessions to Paramount investors, Bloomberg News reports
(Reuters) – The Redstone family and Skydance Media CEO David Ellison have both made concessions to make a potential change in control at Paramount Global more appealing the company’s other investors, Bloomberg News reported on Sunday. Paramount is currently engaged in ...
Sunday, April 28
by
SRN News
L’Occitane’s billionaire owner close to possible $7 billion buyout bid, Bloomberg reports
(Reuters) – The chairman and billionaire owner of L’Occitane International SA is close to making a proposal to take the French skin-care firm private in a deal that could value it at about $7 billion including debt, Bloomberg News reported, ...
Sunday, April 28
by
SRN News
Blackstone to make improved bid for Hipgnosis, Sky News reports
(Reuters) – Private equity giant Blackstone is preparing to lodge an improved bid for Hipgnosis Songs Fund which owns the music rights of artists including Shakira and Blondie, Sky News reported on Sunday. Blackstone’s bid will trump independent music company ...
Saturday, April 27
by
SRN News
Anti-war protesters dig in as some schools close encampments after reports of antisemitic activity
NEW YORK (AP) — As students protesting the Israel-Hamas war at universities across U.S. dug in Saturday and vowed to keep their demonstrations going, some universities shut down encampments after reports of antisemitic activity among the protesters. With the death toll mounting in the war ...
Saturday, April 27
by
SRN News
UK officials decline to comment on reports that British troops may be asked with delivering Gaza aid
LONDON (AP) — British troops may be tasked with delivering aid to Gaza from an offshore pier now under construction by the U.S. military, the BBC reported Saturday. U.K. government officials declined to comment on the report. According to the BBC, the British government ...
Saturday, April 27
by
SRN News
Taiwan reports Chinese military activity after Blinken leaves Beijing
TAIPEI (Reuters) – Taiwan reported renewed Chinese military activity near the island on Saturday with 12 aircraft crossing the sensitive median line of the Taiwan Strait, a day after U.S. Secretary State Antony Blinken ended a visit to China. The United ...
Friday, April 26
by
SRN News
Lawyers for Russia’s deputy defence minister appeal his pre-trial detention, TASS reports
MOSCOW (Reuters) – Lawyers for Russian Deputy Defence Minister Timur Ivanov have filed an appeal against a court decision to remand him in pre-trial detention, Russian state-owned news agency TASS reported on Friday. A Russian court on Wednesday remanded Ivanov in ...
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