Browsing Category
Business
189 posts
AirAsia Group To Raise Up to $113 Million via Private Placement
The struggling airline, which reported a fifth straight quarterly loss in November as the pandemic took its toll on travel, has been seeking to raise 2.5 billion ringgit from loans and investors.
Trump Resort Revenue Sank As Pandemic Spread: Financial Disclosure
The circumstances were similar at Trump property in Las Vegas, which saw revenues decline 60.5% to $9.2 million and at his Florida golf course, Trump National Doral, revenue down 42.7% to $44.2 million.
IBM Misses Quarterly Sales Estimates, Shares Fall
The 109-year old firm is preparing to split itself into two public companies, with the namesake firm enhancing its focus on the so-called hybrid cloud, where it sees a $1 trillion market opportunity.
Intel Forecasts First-Quarter Revenue, Profit Above Estimate As PC Chip Sales See Some Recovery
Intel, for decades the biggest maker of computing chips for data centers and PCs, is grappling with technology delays in its manufacturing operations and said in July it was debating whether to outsource more of its 2023 product lineup.
Two sources said the fundraising is expected to give TNG Digital a valuation of more than $700 million and it could end up raising about $250 million in total this year.
Trading Platform IG To Buy US Brokerage Tastytrade for $1 Billion
The deal consideration would be made through $300 million in cash and the issuance of 61 million IG shares, the company said on Thursday.
Nissan To Close Philippines Car Assembly Operations
The closure will affect the Almera model, and 133 workers will lose jobs, Philippine Trade Secretary Ramon Lopez said in a statement.