(Reuters) -Apollo Global Management Inc is among a group of financial firms considering investing in Credit Suisse’s revamped investment bank CS First Boston, a source with knowledge of the matt[...]
Read more
February 7, 2023
Retail investors flock to small-cap AI firms as Big Tech battles for share
By Medha Singh (Reuters) – Retail investors are piling into small-cap firms that employ artificial intelligence amid intensifying competition between tech titans Google parent Alphabet and Micro[...]
Read more
BP makes record profit in 2022, slows shift from oil
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on pla[...]
Read more
BNP Paribas’ trading business bolster sales as bank lifts longer term targets
By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) – BNP Paribas’ trading business drove the French bank’s sales growth in the fourth quarter, underpinning Chief Executive Jean[...]
Read more
Metlife’s investment arm agrees to acquire Raven Capital Management
By Chibuike Oguh NEW YORK (Reuters) – The investment arm of insurance giant Metlife Inc said on Tuesday it had agreed to acquire Raven Capital Management, a U.S. private credit manager with $2.1[...]
Read more
Hertz beats profit estimates on strong rental car demand
(Reuters) -Hertz Global Holdings Inc on Tuesday reported a better-than-expected quarterly profit, aided by strong demand for rental cars amid surging leisure travel and constrained production from aut[...]
Read more
Bed Bath & Beyond moves to raise $1 billion to avoid bankruptcy
By Noor Zainab Hussain, Mike Spector and Jessica DiNapoli (Reuters) -Bed Bath & Beyond Inc said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warran[...]
Read more
STMicro leans on AI, cloud as chip designs become more complex
By Stephen Nellis (Reuters) – European chipmaker STMicroelectronics and chip design software maker Synopsys on Tuesday said STMicro had for the first time used artificial intelligence software r[...]
Read more
French strike disrupts power supply, petrol deliveries
PARIS (Reuters) -A national strike against planned pension reforms reduced France’s power supply and disrupted petrol deliveries from French refineries on Tuesday. Strikes have been taking place[...]
Read more