Samsung Electronics and SK hynix have rejected a proposal from Korea Electric Power Corp. to prepay about 25 trillion won, or roughly $19 billion, in electricity bills, according to a government document reviewed by Reuters. The decision turns what looked like an inventive financing plan for South Korea’s semiconductor
India’s central bank has rejected Tata Sons’ application to surrender its registration as a core investment company, according to Reuters and other reports citing people familiar with a letter delivered on Saturday. The decision removes the principal route the Tata group’s holding company had pursued to remain private
U.S. inflation accelerated in August, giving the Federal Reserve a difficult new reading before next week’s policy meeting. The consumer price index rose 0.4% from July, when it had increased just 0.1%, and was 3.4% higher than a year earlier. The headline figures matched economists’
Adobe’s latest quarter gives incoming chief executive Anil Chakravarthy an enviable base and a demanding assignment: convert a rapidly expanding audience for artificial-intelligence tools into growth large enough to move a $27.5 billion recurring-revenue business. The software company reported fiscal third-quarter revenue of $6.76
The U.S. Treasury’s decision to buy back as much as $6 billion of older long-dated government debt on Thursday is a meaningful expansion of its market-support machinery. The bond market’s immediate response, however, was a reminder that better trading liquidity is not the same thing
Casey’s General Stores has opened its 2027 fiscal year with a profit surge that shows why the convenience-store operator is increasingly difficult to analyze as a simple fuel retailer. The company’s first-quarter net income rose 27.1% from a year earlier to $273.7 million, while
EverBank Financial and WaFd have agreed to a $3.9 billion reverse merger that will leave WaFd as the public legal survivor while handing economic control, the name and much of the leadership of the combined company to EverBank. Announced on September 7, the stock transaction is designed to create
Oil prices rose again on Monday after a new exchange of attacks involving U.S. forces, Iran and tankers around the Strait of Hormuz, extending a rally that has already rebuilt a substantial geopolitical premium. Brent crude futures were up $1.20, or 1.25%, at $97.48 a barrel
Spire Healthcare has agreed to a £1.03 billion takeover that offers public shareholders a decisive premium while handing a difficult operating equation to a consortium of private investment funds. The UK healthcare group said Saturday that funds managed by Toscafund, Three Hills and Ares will pay 250 pence a
The United States has turned a small Turkish investment bank into a test case for how far its latest pressure campaign against Iran can reach through the global financial system. The Treasury Department’s Office of Foreign Assets Control on Friday designated Golden Global Yatirim Bankasi Anonim Sirketi and two
Oura has taken its smart-ring business into the public markets with a financial profile that looks less like an early hardware experiment and more like a scaled consumer-health platform. The company filed for a Nasdaq initial public offering on Thursday, revealing rapid revenue growth, five million paid members
Uber Technologies is cutting about 3,300 jobs, roughly 10% of its global workforce, in a restructuring that puts organizational discipline at the center of its next growth phase. The move, announced to employees Wednesday by Chief Executive Dara Khosrowshahi, is aimed at reducing management layers and redirecting people and
