(Reuters) – Private equity firm Carlyle Group is in exclusive talks to acquire Baxter International’s kidney care spinoff Vantive for more than $4 billion, including debt, a person familiar with the matter told Reuters on Friday. Shares of the Deerfield, Illinois-based firm rose about 4%. The parties had entered exclusive negotiations in late June, the […]
China’s BYD acquires 20% stake in Thai dealer Rever Automotive
BANGKOK (Reuters) – China’s BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market leader, the companies said Saturday. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week. The $490 million factory will […]
China anchors ‘monster ship’ in South China Sea, Philippine coast guard says
MANILA (Reuters) – The Philippine Coast Guard (PCG) said on Saturday that China’s largest coastguard vessel has anchored in Manila’s exclusive economic zone (EEZ) in the South China Sea, and is meant to intimidate its smaller Asian neighbour. The China coastguard’s 165-meter ‘monster ship’ entered Manila’s 200-nautical mile EEZ on July 2, spokesperson for the […]
Trump seeks to disavow ‘Project 2025’ despite ties to conservative group
By Nathan Layne (Reuters) – Former President Donald Trump tried to distance himself on Friday from a conservative group’s sweeping plans for the next Republican presidency, days after its leader claimed a second American Revolution was underway that would “remain bloodless if the left allows it to be.” The Republican presidential candidate renounced any connection […]
As Biden digs in, fellow Democrats face a dilemma
By Stephanie Kelly and Nandita Bose (Reuters) – U.S. President Joe Biden has defiantly rejected calls that he step aside from the presidential race against Republican opponent Donald Trump, presenting a challenge to fellow Democrats who are concerned his age will dissuade voters. “I am running and gonna win again,” Biden, 81, told supporters in […]
Meme stock speculation propels Koss shares 25% higher on Friday
By Suzanne McGee (Reuters) – Shares of headphone maker Koss Corp. soared for the second session in a row on Friday, closing at $13.35 a share, after trading as high as $18.50 early in the day, as social media posts speculated that a post by meme stock influencer Keith Gill indicated his interest in the […]
UK’s Conservatives face leadership “bloodbath” as party seeks new direction
By Elizabeth Piper LONDON (Reuters) – The recriminations and jostling for top positions among Britain’s Conservative lawmakers began long before Thursday’s crushing election defeat to Labour that some party figures said left the party facing the prospect of a decade out of power. After 14 years in government – the last eight marked by chaos […]
Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
By Jonathan Stempel NEW YORK (Reuters) – Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying “all indications” show his delay was a mistake. In a late Wednesday night filing in Manhattan […]
Robinhood considering offering crypto futures in US, Europe, Bloomberg reports
(Reuters) – Robinhood Markets is considering offering cryptocurrency futures in the U.S. and Europe in the coming months, Bloomberg News reported on Tuesday, citing people familiar with the matter. The commission-free trading app is hoping to use the licenses of crypto exchange Bitstamp, which it agreed to buy last month in a $200 million deal, […]
Crypto hacking thefts double to $1.4 billion in first half of 2024, researchers say
LONDON (Reuters) – The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday. Hackers had stolen more than $1.38 billion worth of crypto by […]