Goldam Sachs Group Inc. China is moving to acquire 100% ownership of its securities joint venture, deepening its investment in the world’s second-largest economy after a 17-year partnership with domestic brokerage. New York-based bank Goldm Sachs is applying to Chinese regulators for full control of the securities and has signed …
Read More »Glencore CEO Evan Gleisenberg will retire after 18 years at Helm
Evan Glensenberg, the longtime chief executive of London G Glencore PLC, is handing over the reins of the global mining and trading giant he created, saying on Friday that he would retire early next year. The Switzerland-based London-listed company said it currently supports senior deputy Gary Nagle, who currently runs …
Read More »Amazon’s fears gripped as internet retail giant shakes up pharmacy business
Amazon.com has been one of the most innovative and disorganized companies of this century, with incredible success in areas beyond historically considered its core business (book sales). Thus every ad or speculation Amazon AMZN, -0.96% Whoever enters a particular industry sends the shares of that industry into the tailspin. Investors …
Read More »UK betting firm Genius Sports to go public in B 1.5 1.5 billion SPAC deal
Genius Sports Group Ltd., a UK betting-data company Merged with a blank-check company to start trading on the New York Stock Exchange for billion 1.5 billion, targeting U.S. growing industries London-based Genius Sports collects and distributes sports data that forms the backbone for sports betting. The company works with organizations …
Read More »Intel Near, S.K. Will deal with Hinix to sell the NAND memory unit
Intel Corpo. INTC 0.70% South Korea’s SK Hinix is close to a deal to sell a memory-chip unit Inc. 000660 1.64% For about billion 10 billion, the move will stabilize the semiconductor giant away from an area of historical significance that has become more challenging. Companies are discussing deals that …
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