Category Archives:
IMF to consider $1.3 billion in emergency funding for Ukraine
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund's (IMF) executive board will consider Ukraine's request for $1.3 billion in additional emergency funding on Thursday as Russia's ...
Oct 03, 2022
Samsung Elec to triple advanced chip production by 2027, sees robust demand
By Joyce Lee SEOUL (Reuters) - Samsung Electronics' chip contract manufacturing business said on Tuesday it plans to more than triple its advanced chips production capacity by 2027 to meet strong dema...
Oct 03, 2022
‘Always check the label’: ESG funds not as green as they seem – study
By Juliette Portala (Reuters) - One in seven funds branded as sustainable has a carbon emissions intensity higher than the average across all investment funds, and no climate-labelled fund has a portf...
Oct 03, 2022
S.Korea’s Naver to acquire Poshmark in U.S. for $1.6 billion
By Joyce Lee SEOUL (Reuters) -South Korean tech firm Naver Corp said on Tuesday it agreed to a $1.6 billion deal to buy Poshmark Inc, a U.S. secondhand fashion platform, as a strategic investment to e...
Oct 03, 2022
Teacher pleads guilty to child porn charge
PEORIA, Ill. – A Peoria man who was at one point employed by a local school district has pleaded guilty to a charge of Possession of Child Pornography. Peoria County Circuit Court records indica...
Oct 03, 2022
Buffett’s designated successor Greg Abel boosts Berkshire stake
By Jonathan Stempel (Reuters) - Greg Abel, who is next in line to succeed Warren Buffett as Berkshire Hathaway Inc's chief executive, spent more than $68 million on the conglomerate's shares last week...
Oct 03, 2022
New York City office leasing surges; still below pre-pandemic levels
By Herbert Lash NEW YORK (Reuters) - New York City's office market rebounded in the third quarter from a year earlier, though leasing remained below levels seen before the rise of remote work during t...
Oct 03, 2022
Exclusive-Elliott Management’s utilities lead Rosenbaum leaves firm -sources
By David French NEW YORK (Reuters) - Jeff Rosenbaum, who led investments in the power and utilities sectors for prominent activist investor Elliott Management Corp, has left the firm, people familiar ...
Oct 03, 2022
Two SPACs backed by Bill Foley seek shareholder nod to liquidate
(Reuters) - Two blank-check companies backed by veteran investor Bill Foley, which together raised over $2 billion in their share sales, plan to shutter by the end of the year, the firm's sponsors sai...
Oct 03, 2022
Rivian produces over 7,000 vehicles in third quarter, maintains full-year target
(Reuters) -Rivian Automotive Inc said on Monday it produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles in the quarter ended Sept. 30. The company als...
Oct 03, 2022
Peoria, IL, USA
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