Frontier Communications asks shareholders to accept Verizon’s takeover bid
(Reuters) – Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon, saying that…
Category: Business
Exclusive-Blackstone in talks to buy US pipeline stakes from EQT for $3.5 billion, sources say
By David French (Reuters) – Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate…
Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire…
Platinum Equity’s Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut
By Arasu Kannagi Basil and Echo Wang (Reuters) -Ingram Micro notched a valuation of $6 billion after shares jumped 15%…
T-Mobile beats estimates for wireless subscriber growth, fueled by demand for premium plans
(Reuters) -T-Mobile US on Wednesday exceeded Wall Street expectations for quarterly wireless subscriber additions as more customers chose its discounted…
Amazon sets ultra-low pricing plans for Temu rival store, The Information reports
(Reuters) – Amazon.com is imposing severe price caps on what merchants can charge for their products on a new low-cost…
US allocates $196 million for natural gas pipeline modernization
(Reuters) – The U.S. government will award grants totaling $196 million for the repair and replacement of aging natural gas…
US set to award Hemlock Semiconductor $325 million for polysilicon production
By David Shepardson (Reuters) – The U.S. Commerce Department said Monday it plans to award $325 million to Hemlock Semiconductor…
Boeing exploring asset sales to boost finances, WSJ reports
(Reuters) – Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or…
US Cellular to sell select spectrum assets to Verizon for $1 billion
(Reuters) – United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon…