Abbvie plans to lift $2 billion cap on deals

[ad_1] © Reuters. FILE PHOTO: A sign stands outside a Abbvie facility in Cambridge, Massachusetts, U.S., May 20, 2021. REUTERS/Brian Snyder/ (Reuters) – Abbvie will lift a self-imposed $2 billion limit on acquisitions and mergers placed following a $63 billion deal for Botox maker Allergan (NYSE:) in 2020 that shot up its debt, the company’s … Read more

Renault board backs plans to reshape alliance with Nissan

[ad_1] © Reuters. FILE PHOTO: The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. REUTERS/Valentyn Ogirenko LONDON (Reuters) – Renault (EPA:)’s board voted in favour on Sunday to reshape the French carmaker’s alliance with its Japanese partner Nissan (OTC:), a source said. The agreement, which will … Read more

Adani Group plans to trim its capital spending plans -Mint newspaper By Reuters

[ad_1] © Reuters. FILE PHOTO: The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave/File Photo (Reuters) – India’s Adani Group plans to trim its capital spending plans, newspaper Mint reported on Monday citing people close to the development, … Read more

Tens of thousands of Israelis protest against justice reform plans By Reuters

[ad_1] 4/4 © Reuters. Israelis protest against Prime Minister Benjamin Netanyahu’s new right-wing coalition and its proposed judicial reforms to reduce powers of the Supreme Court in Tel Aviv, Israel February 4, 2023. REUTERS/Ronen Zvulun 2/4 JERUSALEM (Reuters) – Tens of thousands of Israelis braved heavy rain on Saturday for a fifth week of protests … Read more

MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B By Cointelegraph

[ad_1] © Reuters. Software analytics company MicroStrategy recorded a paper loss of over a billion dollars on its (BTC) holdings in 2022 but says it has no plans to stop trading the digital asset. MicroStrategy released its 2022 Q4 and year-end earnings on Feb. 2 showing the recorded impairment charges on its BTC holdings, net … Read more

Getaround plans cost savings of $25M-30M; reduces workforce by 10% (NYSE:GETR)

[ad_1] Getaround (NYSE:GETR) will streamline operations and reduce costs to achieve a leaner path to profitability. These changes also include a workforce reduction, effective immediately, that impacts ~10% of current staff. The restructuring plan also includes significant reductions to other operating expenses, including reducing the company’s contract workforce, and outside professional services. This could take down … Read more