Tag: Business
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Digital Realty to buy Blackstone’s data center stake in deal valuing assets at $7.8 billion
June 29 : Digital Realty said on Monday it would acquire a majority stake in three fully leased Northern Virginia data centers from Blackstone-managed funds in a deal valuing the assets at $7.8 billion.The acquisition strengthens Digital Realty’s position in Northern Virginia, the world’s largest data center
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Exclusive-NBCUniversal may enter video game business after Comcast split, sources say
June 29 – NBCUniversal is eyeing opportunities in digital gaming and new entertainment franchises as the company weighs options for future growth after its planned spinoff from Comcast, according to three people with direct knowledge of the matter. Comcast’s cable and connectivity business, meanwhile, is r
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Apple says it is releasing updates early in response to AI cybersecurity concerns
WASHINGTON, June 29 : Apple said it is pushing forward a series of software updates that would previously have been bundled with a new version of its iOS operating system, making them available earlier than in previous cycles in response to AI-driven security concerns.The company told Reuters on Monday it was
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Comcast’s NBCUniversal spinoff raises hope for more deals. There may not be good options
Comcast plans to separate its cable and media divisions over the next year. This could set each company up for M&A, but there might not be any good options.
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Rocket Lab buys Iridium in $8 billion deal to take on SpaceX
June 29 : Rocket Lab struck an $8 billion deal to acquire satellite communications provider Iridium Communications on Monday, betting on a SpaceX-style advantage that combines a constellation of satellites with the in-house rockets that will launch them.The transaction adds to growing momentum in the space se
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Honda explores euro bond sales of over $2.5 billion to pay parts makers, Nikkei reports
June 29 : Honda Motor is exploring issuing euro-denominated bonds expected to total over 400 billion yen ($2.47 billion) to fund payments to auto parts makers, the Nikkei newspaper reported on Monday. The report said the automaker is likely to use the funds to compensate parts makers after revising its electr
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Oil rises on US-Iran strikes; cautious hopes for shipping cap gains
HOUSTON, June 29 : Oil prices gained more than 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams working on t
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Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
June 29 : Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones Industrial Average, replacing Verizon Communications, and immediately ranking among its most influential members.• Its shares rose 3.7 per cent to $350.24, offering one of the biggest boosts to the 30-
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Stocks and oil prices edge up with eyes on Iran; yen touches 40-year low vs dollar
LONDON/NEW YORK, June 29 : A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran and the U.S., even as oil prices rose after tit-for-tat attacks underscored the risk of escalation. European equities edged lower, but Wall Street led gains
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Peacock launches Premium Plus streaming tier on YouTube
June 29 : Comcast’s NBCUniversal said on Monday that its streaming service Peacock’s Premium Plus tier is now available for subscription through YouTube Primetime Channels, expanding access to its content library.Here are some details:• The move allows subscribers to view a wide range of Peacock offe
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