Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest 1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible senior notes, which will bear 1.5 interest per year. The company said the notes will have an […]

Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as sales gains of the Model 3 and Model Y offset the impact of a global shortage of parts. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full […]

TOKYO Reuters U.S. exports of liquefied natural gas LNG to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID19 pandemic, Eikon trade data shows. As with the rampup of U.S. oil exports that forced heavyweights like […]

Reuters U.S. oil producer Pioneer Natural Resources agreed on Thursday to acquire privatelyheld rival DoublePoint Energy for about 6.4 billion, speeding up a consolidation of shale oil producers. Oilfield rollups have accelerated this year as energy prices recover following last years coronavirusdriven market crash. Companies with strong balance sheets have been snapping up debtladen and […]

SEOUL, April 2 Reuters South Koreas HYBE Co Ltd, formerly known as Big Hit Entertainment and the manager for Kpop supergroup BTS, is to acquire music executive Scooter Brauns Ithaca Holdings in a 1.05 billion deal. The merger brings together BTS, Justin Bieber, Ariana Grande and other artists under one roof for management, label services […]

Mastercard is among five companies which broke the law for cartel behaviour when offering prepaid cards to vulnerable members of society, Britains Payment Systems Regulator said on Wednesday. Mastercard, allpay, APS, PFS and Sulion agreed not to compete or poach each others customers on cards used by local authorities for welfare payments including to the […]

HM reported a quarterly loss on Wednesday and said that it was dedicated to regaining the trust of shoppers in China following a recent backlash there after comments it made last year the on the Xinjiang region. The worlds secondbiggest fashion retailer has come under fire from consumers and officials in China after an HM […]

Two advocacy groups on Wednesday called on the U.S. Federal Trade Commission FTC to investigate whether apps that Googles Play Store labels as Teacher approved are unlawfully collecting personal data without parental consent to target ads at children. The Campaign for a CommercialFree Childhood CCFC and the Center for Digital Democracy CDD, which have helped […]

Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for 9.6 billion, as the Japanese industrial conglomerate aims to expand from electronics hardware to digital services. The acquisition is part of Hitachis ongoing business portfolio overhaul, which includes the 7 billion acquisition of ABB Ltds power grid business last year and […]

When investors are stampeding for the exits, it pays to be first out the door. Thats what happened when falling shares in ViacomCBS last week ignited a 20 billion wave of forced selling at the Wall Street banks that cater to Archegos Capital Management, the family office founded by former Tiger Management analyst Bill Hwang. […]