Sept 5 Reuters CS Wholesale Grocers, with the backing of SoftBank Group, is nearing a deal to acquire stores that Kroger and Albertsons Companies Inc are looking to sell to obtain regulatory approvals for their 25 billion merger, a source familiar with the matter told Reuters on Tuesday. The deal value and the number of stores included […]

Reuters Elon Musk withdrew a loan of 1 billion from SpaceX the twodecadeold rocket company run by the billionaire around the same time he was acquiring Twitter, now known as X, for 44 billion, the Wall Street Journal reported on Tuesday. SpaceX approved the 1 billion loan, which was backed by some of Musk39;s SpaceX stock, in […]

LONDON, Sept 6 Reuters European shareholders are increasingly contesting corporate executive pay reports, data showed on Wednesday, as investors unhappy with companies39; approach to environmental and social issues vote against director remuneration. The percentage of remuneration reports disputed by investors across seven countries reached 42.9 during the 2023 annual general meeting season, the highest in […]

TAIPEI, Sept 5 Reuters Taiwan39;s Foxconn, the world39;s largest contract electronics maker and a major supplier for Apple, said on Tuesday revenue in August fell 8 yearonyear but forecast a better business outlook ahead of new product releases by major customer Apple. Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month […]

Sept 5 Reuters UBS will absorb Credit Suisse39;s Securities Research service later this month, wrapping the business into its own research operations, the bank said in a letter seen by Reuters on Tuesday. Credit Suisse will commence the process of terminating coverage on September 18, 2023, Credit Suisse39;s Research clients were told. Institutional customers are to […]

Union plans total strike from Sept 14 if talks fail Brief work stoppages to begin Thursday Union escalation could support gas pricesING SYDNEY, Sept 5 Reuters Workers at Chevron39;s Gorgon and Wheatstone liquefied natural gas LNG projects in Australia plan a total strike for two weeks from Sept. 14, a union alliance said on Tuesday, a […]