Tag: billion
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Accenture strikes $4.18 billion cybersecurity deal, shares fall on forecast cut
June 18 : Consultancy firm Accenture said on Thursday it would take a majority stake in industrial cybersecurity firm Dragos and fully acquire asset intelligence company runZero and device security specialist NetRise in a combined deal valued at $4.18 billion.Shares of Accenture fell over 11 per cent in prema
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BESI raises long-term revenue, margin targets as demand increases
June 18 : Dutch semiconductor equipment maker BE Semiconductor Industries (BESI) on Thursday raised its long-term revenue and operating margin targets, citing improved order momentum and stronger demand for data centre and photonics applications.BESI stock has risen over 100 per cent since the beginning of th
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Nippon Steel sees strong American market lifting US Steel earnings
TOKYO, June 18 : Nippon Steel, the world’s No. 3 steelmaker, expects the American market to remain buoyant, supported by import tariffs and resilient demand, which could lift earnings at U.S. Steel beyond current forecasts, Vice Chairman Takahiro Mori said.”We are confident that U.S. Steel will be able to po
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Saudis seek EU approval for $55 billion EA deal, decision by July 22
BRUSSELS, June 17 : A group of investors including Saudi Arabia’s Public Investment Fund has sought EU antitrust approval for its $55 billion acquisition of videogame developer Electronic Arts, according to a European Commission filing on Wednesday.The Commission, which acts as the EU competition enforcer, se
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Electronics firm Jabil raises annual profit forecast on strong data center demand
June 17 : Jabil raised its 2026 profit forecast on Wednesday, as the electronic-component maker looks to capitalize on AI-led demand for data centers, sending its shares up by more than 10 per cent in morning trading. A surge in data-center infrastructure spending, driven by strong demand for AI computing pow
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OpenAI burned $3.7 billion in first quarter of 2026, The Information reports
June 16 : OpenAI burned through $3.7 billion in the first quarter of 2026, more than half its $5.7 billion in revenue, The Information reported on Tuesday, citing documents the company shared with shareholders.Reuters could not immediately verify the report.Earlier this month, OpenAI said it had confid
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SpaceX locks in $60 billion Cursor deal to close gap with rivals in AI coding race
June 16 : Elon Musk’s SpaceX is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the lucrative enterprise AI tools market.Tuesday’s deal follows a blockbuster Nasdaq debut for the rockets-to-AI company last week, in which it
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Germany: 25 years since Nazi forced labor compensation began
A German fund set up to compensate the millions forced to work for the Nazi regime is marking 25 years since the first payments were made. But for many victims, it was much too late.
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Germany: 25 years of compensating Nazi-era forced laborers
A German fund set up to compensate the millions forced to work for the Nazi regime is marking 25 years since the first payments were made. But for many victims, it was much too late.
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SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push
June 16 : Elon Musk’s SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, for $60 billion, in a bid to ramp up its presence in the enterprise AI market. The announcement comes just days after Musk took his rockets-to-AI company public in a blockbuste
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