General News

(Reuters) -Activist investor Elliott Investment Management disclosed a $2.5 billion stake in analog chipmaker Texas Instruments and urged the chipmaker to improve its free cash flow.

Texas Instrument's shares rose about 3% in early trading.

Elliott proposed in a letter to the company's board that Texas Instruments introduce a "dynamic capacity-management strategy", which would allow it to achieve free cash flow of as much as $9 a share by... (continue reading...)

BERLIN (Reuters) - Nike can put three stripes on some of its trouser designs in Germany, a court ruled on Tuesday, in a second appeal hearing pitting the U.S. sports apparel maker against its smaller rival Adidas.

The Duesseldorf regional court had already prohibited the U.S. firm from using two or three stripes on five of its trouser designs after Adidas filed a trademark violation lawsuit in 2022.

Nike can now use the stripes on four... (continue reading...)

Investing.com -- Boeing's (NYSE: BA) cash flow is expected to come under pressure from fewer deliveries of its key 737 and 787 aircraft, as well as an ongoing push to improve its safety procedures, according to analysts at JPMorgan.

In a note to clients on Tuesday, the analysts lowered their projections for the planemaking giant's free cash flow in both the current quarter and full year.

The move comes after Boeing Chief Financial Officer Brian West said at a conference... (continue reading...)

(Reuters) - Riot Platforms said on Tuesday it has offered to acquire all outstanding shares of Bitfarms for about $950 million in total equity value, even after a private proposal was rejected by the crypto miner's board last month.

"We were disappointed to learn that the Bitfarms Board rejected our compelling proposal without engaging in substantive dialogue with us," said Jason Les, Chief Executive Officer of Riot.

Riot added it has... (continue reading...)

(Reuters) -T-Mobile will buy almost all of regional carrier United States Cellular's wireless operations including customers, stores and 30% of its spectrum assets in a deal valued at $4.4 billion, the telecom giant said on Tuesday.

U.S. Cellular's shares jumped more than 10% in trading before the bell and comes nearly ten months after the company said it was exploring strategic options.

U.S. Cellular will retain ownership of about 70% of its... (continue reading...)