SOMKID THONGDEE/iStock via Getty Images Exela Technologies (NASDAQ:XELA) on Monday said that its Board of Directors has authorized the company to consider a spin-off of its wholly owned subsidiary, Exela Technologies BPA, to Exela stockholders. The potential spin-off, if completed, would likely be structured so that all Exela (XELA) stockholdersContinue Reading
Wolterk SK Hynix plans to invest 103T won (about $74.8B) through 2028 to bolster its chips business, Bloomberg News reported citing the South Korean company’s parent SK Group. Around 80%, or 82T won, will be set aside to invest in high-bandwidth memory, or HBM chips, SK Group said in aContinue Reading
Mario Tama/Getty Images News Citigropup (NYSE:C) plans to increase its quarterly dividend by 5.7% to $0.56 per share from $0.53 per share, starting in Q3 2024, the bank said Friday, after the passing the annual Federal Reserve stress test. Effective Oct. 1, 2024, Citi’s (C) indicative stress capital buffer requirementContinue Reading
State Street (NYSE:STT) on Friday said it plans to increase its per share common stock dividend by 10% to $0.76 in the third quarter of 2024. The company also announced that it had completed the Federal Reserve’s 2024 Comprehensive Capital Analysis and Review stress test process. State Street’s calculated StressContinue Reading
KeithBinns/E+ via Getty Images Astera Labs (NASDAQ:ALAB) plans to expand operations to India, the new site to be opened in Bangalore later this year will tap into the region’s engineering talent and establish a robust pipeline of interconnect technologies that enable AI architectures throughout the data center. “As a thrivingContinue Reading
Justin Sullivan/Getty Images News Former U.S. President Donald Trump at Thursday’s televised debate said that his plan for blanket tariffs would not drive consumer prices higher, while incumbent leader Joe Biden claimed that the proposal could cost the average American $2.5K or more. The imposition of tariffs by Trump, especiallyContinue Reading
Risto0/iStock Editorial via Getty Images Nokia (NYSE:NOK) is acquiring Infinera (NASDAQ:INFN) for $2.3B to strengthen its optical networking position, particularly in North America, the companies announced Thursday afternoon. Infinera stocks soared more than 25% during early post-market trading following the announcement. The transaction represents a premium of 28% to Infinera’sContinue Reading
Robert Way Luckin Coffee is preparing to enter Malaysia in partnership with a local franchisee, according to media reports in Asia. The coffee chain operator has a goal to grow rapidly over the next five years as part of its broad global strategy. Luckin Coffee (OTCPK:LKNCY) has been looking atContinue Reading
400tmax/iStock Unreleased via Getty Images Amazon (NASDAQ:AMZN), in an apparent effort to compete on a more even playing field with sites like Temu (NASDAQ:PDD) and Shein, plans to create a shopping section that links buyers directly to cheaper items in Chinese warehouses, according to a report by The Information. TheContinue Reading
BING-JHEN HONG Nvidia (NASDAQ:NVDA) was in focus on Wednesday as Citi raised its price target on the semiconductor giant, citing its plans for 2025 to build its GB200 GPUs in both the NVL36 and 76 configurations. Shares rose 2% in premarket trading. Although the major cloud service providers account forContinue Reading
