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Business News

Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – document

Vodafone and Telekom Italia offered to give rivals access to some of their infrastructure for up to nine years to allay EU antitrust concerns over their plan to create Italy’s largest mobile tower company, according to a document seen by Reuters.

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Apple warns of coronavirus impact

Apple warned investors how the coronavirus is hurting its business, reporting that it expects to miss its revenue guidance for the upcoming quarter. Yahoo Finance’s Seana Smith, Brian Sozzi, and Dan Howley break down the details on The First Trade. …read more […]

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Exclusive: JPMorgan shakes up investment bank in leadership makeover – sources

JPMorgan is reshuffling senior management at the top of its investment bank, naming two new global co-heads and shifting some of its most senior dealmakers into new jobs focused purely on bringing in business, two sources told Reuters. The Wall Street bank has named Viswas Raghavan and James Casey to jointly run its global investment bank, one source said. Global M&A co-heads Hernan Cristerna and Chris Ventresca are among those who will drop management responsibilities and instead join a new executive committee of 18 global chairs, the two sources said, focused on winning business from clients. …read more […]

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Exclusive: JPMorgan shakes up investment bank in leadership makeover – sources

JPMorgan is reshuffling senior management at the top of its investment bank, naming two new global co-heads and shifting some of its most senior dealmakers into new jobs focused purely on bringing in business, two sources told Reuters. The Wall Street bank has named Viswas Raghavan and James Casey to jointly run its global investment bank, one source said. Global M&A co-heads Hernan Cristerna and Chris Ventresca are among those who will drop management responsibilities and instead join a new executive committee of 18 global chairs, the two sources said, focused on winning business from clients. …read more […]

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Exclusive: Samsung wins 5-nanometer modem chip contract from Qualcomm – sources

SAN FRANCISCO/SEOUL (Reuters) – Samsung Electronics Co Ltd’s semiconductor manufacturing division has won a contract to make new Qualcomm Inc 5G chips using its most advanced chip-making technology, two sources familiar with the matter said, boosting the Korean firm’s efforts to gain market share against rival Taiwan Semiconductor Manufacturing Co. Samsung will fabricate at least some of Qualcomm’s X60 modem chips, which will connect devices such as smart phones to 5G wireless data networks. The X60 will be made on Samsung’s 5-nanometer process, the sources said, which makes the chips smaller and more power-efficient than previous generations. …read more […]