General News

(Reuters) -Games Global has withdrawn its initial public offering registration in the United States, the UK-based maker of online casino-styled games said on Monday, a day before its stock market debut in New York.

The company, which publicly filed for the IPO with the U.S. Securities and Exchange Commission last month, said it had decided to not pursue its listing at this time due to "current market conditions."

Isle of Man-based Games... (continue reading...)

(Reuters) -Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The Oscar Mayer business, known for hot dogs, bacon, ham, and bologna products, has had to deal with declining consumer demand in the face of a shift to healthier options.

The company also wrote down the value of its Oscar... (continue reading...)

(Reuters) -Intel on Monday named Kevin O'Buckley head of services at its contract chip-making business, tapping an industry veteran as the company builds out the unit to catch up with market leader Taiwan Semiconductor Manufacturing.

He will succeed company veteran Stuart Pann, who set up the Intel Foundry segment under the company's new operating model.

For decades, Intel made chips only for itself but over the past few years has poured... (continue reading...)

Analysts at Goldman Sachs and Wolfe Research released notes Monday highlighting their worries regarding the U.S. federal debt. 

Goldman Sachs told investors that the fiscal outlook is "not good, but a little better," with the federal budget deficit looking likely to settle at around $1.8 trillion this year, $100 billion more than its prior estimate.

"However, this slight deterioration masks modest improvement under the surface," says the bank. "If fiscal... (continue reading...)

On a processor-to-processor comparison, Apple (NASDAQ: AAPL)'s silicon chips might already match or even surpass NVDA’s H-series and possibly the B-series class of GPUs, Lynx Equity Strategy analysts said in a new note.

An important observation from their checks indicates that Apple Silicon designed for data center servers might utilize the same packaging as that used for client devices, eliminating the need for liquid cooling.

Along with power consumption... (continue reading...)