Judge in Twitter v. Musk made rare ruling: ordering a deal to close

Judge in Twitter v.  Musk made rare ruling: ordering a deal to close

July 15 (Reuters) – The judge overseeing Twitter Inc’s (TWTR.N) $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a US corporate merger. Kathaleen McCormick took over the role of chancellor or chief … Read more

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

TSMC sees resilient chip sales boosting Q3;  electronics demand cooling

The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS / Ann Wang Register now for FREE unlimited access to Reuters.com Register Sees Q3 revenue up to $ 19.8 bln- $ 20.6 bln from $ 14.88 bln yoy Confident on long term chip demand Q2 … Read more

Twitter sues Elon Musk to hold him to $ 44 billion deal

Twitter sues Elon Musk to hold him to $ 44 billion deal

WILMINGTON, Del., July 12 (Reuters) – Twitter Inc (TWTR.N) sued Elon Musk on Tuesday for violating his $ 44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $ 54.20 per Twitter share. “Musk apparently believes that he … Read more

S&P 500, Nasdaq subdued on recession fears; Boeing lifts Dow

S&P 500, Nasdaq subdued on recession fears;  Boeing lifts Dow

Inflation data, earnings reports awaited PepsiCo rises on upbeat revenue forecast Gap slides on CEO exit, outlook Boeing jumps, deliveries reach highest monthly level in 3 years Dow up 0.31%, S&P and Nasdaq up 0.09% July 12 (Reuters) – The S&P 500 and the Nasdaq struggled for direction on Tuesday as worries that Federal Reserve’s … Read more

Computer chips face toilet paper hoarding moment as shortage turns to glut

Computer chips face toilet paper hoarding moment as shortage turns to glut

OAKLAND, Calif., July 12 (Reuters) – A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over three weeks from late May to June, as high inflation, China’s latest COVID lockdown, and the war in Ukraine … Read more

NASA officials gather to unveil Webb space telescope’s first full-color images

NASA officials gather to unveil Webb space telescope's first full-color images

GREENBELT, Md., July 12 (Reuters) – Following a presidential sneak peek of a galaxy-studded image from deep in the cosmos, NASA officials gathered on Tuesday to unveil more of their initial showcase from the James Webb Space Telescope, the largest and most powerful orbital observatory ever launched. The first batch of full-color, high-resolution pictures, which … Read more

Exclusive: France’s Pernod puts new India investments on hold, citing protracted tax fight

Exclusive: France's Pernod puts new India investments on hold, citing protracted tax fight

Pernod at odds with Indian authorities over tax matters Differences between two sides on valuation of liquor imports Pernod told PM Modi’s office disputes hitting investments French spirits firm one of the biggest liquor companies in India NEW DELHI, July 12 (Reuters) – French spirits group Pernod Ricard (PERP.PA) has put new Indian investments on … Read more

Elon Musk steals the show at the sleepy Sun Valley moguls conference

Elon Musk steals the show at the sleepy Sun Valley moguls conference

SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS / Mike Blake / Register now for FREE unlimited access to Reuters.com Register July 9 (Reuters) – Elon Musk’s arrival at the Allen & Co Sun Valley Conference delivered a jolt to the … Read more

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

Server chip demand remains solid on cloud appetite -analysts Smartphone demand slows as inflation rises -analysts Strong dollar likely aided profits -analysts SEOUL, July 7 (Reuters) – South Korea’s Samsung Electronics Co Ltd (005930.KS) turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even … Read more

KDDI aims to restore service Sunday after 40 mln affected users

KDDI aims to restore service Sunday after 40 mln affected users

A man wearing a protective face mask, takes a photo with his mobile phone at noon, at Shibuya Crossing, during the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan, March 31, 2020. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, July 3 (Reuters) – Japanese mobile carrier KDDI Corp (9433.T) … Read more