Embattled ZTE proposes $10.7 billion credit proposal, new board
HONG KONG (Reuters) - Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban......»»
Nan Ya to invest NT$8 billion to expand ABF substrate capacity
Nan Ya Printed Circuit Board has disclosed plans to invest a total of NT$8 billion (US$286.4 million) to expand production capacity for ABF substrates at its factory site in Shulin, northern Taiwan......»»
Newsom proposes grants up to $25,000 for thousands more California businesses hit by COVID
Additional funds from federal aid would mean $4 billion total for sm.....»»
: Macy’s proposes $235 million NYC neighborhood upgrade and office tower addition to its flagship store
Macy's proposal includes improved transit access to the famed Herald Square location, known as the stage for the annual Thanksgiving parade......»»
Newsom promises additional $600 stimulus checks and $5 billion toward rental assistance
The proposal to deliver $8 billion in new cash payments to millions of Californians amid the COVID-19 pandemic is part of a $100-billion state budget that has swelled.....»»
Newsom promises additional $600 stimulus checks and $5 billion towards rental assistance
The proposal to deliver $8 billion in new cash payments to millions of Californians amid the COVID-19 pandemic is part of a $100-billion state budget that has swelled.....»»
: Square officially puts Jay-Z on board of directors after Tidal deal closes
Square Inc. disclosed late Friday that it has officially added Shawn Carter as a board member of the credit-card payments processing company after closing a deal with the music-streaming service Tidal......»»
Economic Report: U.S. consumer credit surges again in March
U.S. consumer credit rose $25.8 billion in March, the second straight month of strong gains, the Federal Reserve said Friday......»»
MER Telemanagement shareholders vote for board proposal
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Archegos Reportedly Files For Bankruptcy As Banks Scramble To Recoup $10 Billion In Losses
Archegos Reportedly Files For Bankruptcy As Banks Scramble To Recoup $10 Billion In Losses The other day, we learned that Credit Suisse, which was left on the hook for $5 billion after dumping blocks of s.....»»
$17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse
$17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse A bank's prime brokerage unit is supposed to be a safe, reliable and predictable generat.....»»
: Lilly board authorizes $5 billion more in buybacks
Eli Lilly and Co. LLY said Monday that its board authorized $5 billion in share repurchases while keeping the dividend unchanged. The drug maker said the new share buyback authorization, which h.....»»
Credit Suisse Board Weighs Sacking One Of Its Own As Shareholders Revolt
Credit Suisse Board Weighs Sacking One Of Its Own As Shareholders Revolt.....»»
UFC parent Endeavor pops 19% in IPO debut, adds Elon Musk to board
"No matter how many Elon Musks it adds to its board, Endeavor's expected valuation of $10 billion is in nosebleed territory," New Constructs said. Jeff Bottari / Zuffa LLC / Getty Images UFC pare.....»»
Credit Suisse board considers removing head of risk committee, FT reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
What Biden"s new $1.8 trillion plan could mean for your education, from universal pre-K to free community college
President Joe Biden's American Families Plan proposes $200 billion for universal pre-K and.....»»
HSBC beats expectations with 79% jump in Q1 pre-tax profit as cautious outlook prompts credit loss reversal
Europe's largest lender said profit-before-tax came in at $5.8 billion, beating the $3.4 billion expectation of analysts polled by the bank. REUTERS/ Bobby Yip HSBC posted a 79% jump in Q1 pre-tax profit that beat analyst expectati.....»»
TSMC to expand capacity for 28nm process at China fab
TSMC's board of directors has approved a budget of about US$2.89 billion for installation of mature technology capacity, the pure-play foundry announced on April 22......»»
: Credit Suisse taps shareholders for cash as regulator investigates Archegos losses
Swiss bank Credit Suisse said on Thursday it would sell convertible notes to its current shareholders in a bid to raise nearly $2 billion of fresh capital......»»
: Credit Suisse executives were grilled on Archegos losses. Here’s what they said.
So how exactly do you explain what's now estimated to be 5 billion francs ($5.5 billion) in charges from letting a client build up a massively leveraged position that ultimately couldn't be repaid?.....»»
CN sends letter to Kansas City Southern board regarding "superior" proposal
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»