Sept 11 Reuters USI Insurance Services said on Monday that existing shareholder KKR plans to make a new equity investment of more than 1 billion to become the largest stakeholder. Private equity firm KKR and USI will purchase shares of USI held by pension fund Caisse de dépôt et placement du Québec CDPQ and certain other […]

Sept 11 Reuters Aerospace supplier RTX said on Monday 600 to 700 geared turbofan engines GTF powering Airbus A320neo jets will have to be removed for quality checks, resulting in a 3 billion charge in the third quarter. RTX, formerly Raytheon, anticipates up to 3.5 billion pretax hit to its profit over the next several years as […]

MUMBAINEW DELHI, Sept 11 Reuters Indian education giant Byju39;s is looking to sell two companies it acquired in 2021 Great Learning and Epic to raise up to 1 billion in an effort to streamline its businesses and repay lenders, two sources with direct knowledge of the matter told Reuters. Byju39;s, valued at 22 billion last […]

Sept 11 Reuters J.M. Smucker said on Monday it will buy Twinkiesmaker Hostess Brands in a 5.6 billion deal, as major U.S. packaged food companies look to expand their brand portfolios with pandemicera fortunes dwindling. In recent months, the U.S. packaged food industry has seen an uptick in mergers as most of the companies seek to improve volumes by […]

Sept 11 Reuters Tesla39;s Dojo supercomputer could power a near 600 billion jump in the automaker39;s market value by boosting the adoption of robotaxis and its software services, Morgan Stanley analysts said, sending the electric vehicle maker39;s shares up 6 in premarket trading on Monday. Tesla, already the world39;s most valuable automaker, started production of the […]

LONDON, Sept 11 Reuters AstraZeneca appeared to play down speculation about the future of its CEO after its shares fell more than 4 on Monday following a British tabloid report that Pascal Soriot was considering leaving the drugmaker as soon as next year. The company initially declined to comment on the Mail on Sunday report, but […]