SYDNEY, Reuters South Korea39;s LG Electronics is aiming to raise up to 1 billion in a dollar bond deal, according to three sources with direct knowledge of the matter. The company has mandated investment banks to work on a 3year and 5year dollar bond deal, according to a term sheet seen by Reuters on Thursday. The sources […]

Reuters Walmartbacked digital marketing company Ibotta will likely raise 577.3 million at a valuation of 2.67 billion, after pricing its initial public offering on Wednesday. It plans to sell 6.6 million shares of its class A common stock at 88 apiece, exceeding its earlier price range of 7684 apiece, Ibotta added. Increased buzz around artificial […]

Reuters Alphabetowned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs. The Google spokesperson said the layoffs are not companywide and that affected employees will be able to apply for internal roles, but did not specify […]

TSMC Q1 net profit T225.5 bln vs T218.1 bln analysts forecast Stock price has surged on chip demand for AI applications TAIPEI, April 18 Reuters Taiwanese chipmaker TSMC posted a 9 rise in firstquarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. […]

NEW DELHI, April 18 Reuters India39;s Tata Motors will manufacture Jaguar Land Rover JLR luxury cars at a 1 billion plant that it is planning to build in the southern state of Tamil Nadu, two sources with direct knowledge of the matter said. The plan would mark the first time that JLRbranded cars would be manufactured […]

April 17 Reuters United Airlines shares rose 10 in morning trade on Wednesday, driven by an upbeat profit forecast for the second quarter and strong firstquarter results despite a 200 million hit over planemaker Boeing39;s safety crisis. The carrier39;s foreca st signaled strength in travel demand as corporate spending improved, lifting shares of rival Delta Air Lines and American […]