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Thomson Reuters Blackstone Group is reportedly in talks to buy around a 55% stake in the Financial and Risk business of Thomson Reuters for more than $ 17 billion. If the deal is approved, it would represent the biggest shake-up of Thomson Reuters since it was formed a decade ago. Sources cautioned that a deal […]
The government has been accused of having double standards after it announced plans to set up a special unit to tackle fake news, despite its own record of “burying bad” stories and “circulating fake dossiers.” Downing Street said on Tuesday that a national security unit combating the spread of misinformation would be set up as […]
South Korean Marine Corps/Yonhap via REUTERS South Korea will arm its new ‘decapitation unit’ with suicide drones and other weapons to assassinate Kim Jong Un. The unit was allocated $ 310,000 by the South Korean government on Wednesday. South Korea is reportedly discussing it openly in the hopes of scaring Kim Jong Un to the […]
Published time: 8 Dec, 2017 01:13 The South Korean government has allocated the first $ 310,000 to its newly created “decapitation unit,” which, in the event of war with Pyongyang, will be tasked with neutralizing its leadership and sabotaging crucial military facilities, local media report. The ministry announced the first tranche of 340 million won […]
Toshiba has been shedding its departments for a few years to streamline operations and recoup losses after its 2015 accounting scandal. Sony bought out its sensor business in 2015 for $ 155 million and Bain Capital (of all entities) just purchased its NAND flash memory department for $ 18 billion. Today, Toshiba announced the sale […]
Enlarge (credit: Marufish) SolarCity, the solar energy company Tesla acquired last year, has fired hundreds of additional workers, according to six anonymous sources who talked to CNBC. These dismissals are in addition to hundreds more that were reported earlier this month, and they are on top of previously announced layoffs, CNBC reports. All told, around 1,200 people at […]
Reuters David MacIntyre is a trauma surgeon who was on call on Sunday at the trauma unit in Las Vegas’ Sunrise Hospital. Due to its proximity to the mass shooting at the Route 91 Harvest festival, Sunrise took on more critical patients than any other facility in Las Vegas. In an interview on Tuesday, MacIntyre told me […]
(Reuters) — Japan’s Toshiba said on Thursday it had signed an $ 18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key – albeit not its last – hurdle as it scrambles for funds to stave off a potential delisting. The sale of the unit – […]
Wikimedia Commons (Reuters) – Power grids maker ABB is buying General Electric’s Industrial Solutions business for $ 2.6 billion in a bet it can improve the division’s lacklustre margins over the next five years, the Swiss engineering company said on Monday. Zurich-based ABB sees potential for annual cost benefits of $ 200 million with the deal, which includes an […]
Wikimedia Commons (Reuters) – General Electric Co is nearing a deal to sell its industrial solutions unit to Swiss engineering company ABB Ltd in a deal valued at $ 2.5 billion to $ 3 billion, Bloomberg reported, citing people with knowledge of the matter. The companies are likely to announce an agreement by next week, […]
