Tag Archives: billion

India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead. The nation is one of the world’s most important growth markets for renewable energy. Millions of Indians are not yet linked up ... Read More »

Apple Plans New US Campus, Says Will Spend $350 Billion Over Next 5 Years

Apple has for years faced scrutiny and criticism around the world for its tax policies (Reuters) Apple, the world’s most valuable company, said Wednesday it will spend $350 billion in development and create 20,000 jobs in the United States in the next five years, outlining for the first time how it will invest in the U.S. economy following the new ... Read More »

Reddit just raised a new round that values the company at $1.8 billion

Reddit, the 12-year-old, San Francisco-based online discussion platform that has long called itself the “front page of the internet,” just closed its biggest round ever, from a whole lot of investors, reports Recode. Andreessen Horowitz, Sequoia Capital, Coatue Management, Vy Capital, Fidelity, Y Combinator President Sam Altman, and SV Angel’s Ron Conway all chipped into the $200 million financing. The company’s post-money valuation: $1.8 billion. ... Read More »

FCC to vote to reform $45 billion business data market

Ajit Pai, Chairman of U.S Federal Communications Commission, delivers his keynote speech at Mobile World Congress in Barcelona, Spain, February 28, 2017. REUTERS/Eric Gaillard The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others. ... Read More »

Allergan to buy Zeltiq Aesthetics for about $2.48 billion

Allergan Plc (AGN.N) on Monday said it would buy Zeltiq Aesthetics Inc (ZLTQ.O) for about $2.48 billion (2 billion pounds) to gain access to its flagship body contouring technology. The Botox maker agreed to pay $56.50 per Zeltiq share, or a premium of 14.4 percent to the company’s Friday close. Dublin-based Allergan, led by its acquisitive Chief Executive Brent Saunders, ... Read More »

KKR to buy Hitachi’s power tools unit for $1.3 billion

U.S. private equity firm KKR & Co LP (KKR.N) has agreed to buy Japanese conglomerate Hitachi Ltd’s (6501.T) power tools unit, Hitachi Koki Co Ltd (6581.T), for about $1.3 billion, the companies said on Friday. KKR will launch a tender offer for Hitachi Koki at 870 yen per share, costing it 88.2 billion yen. Including a special dividend of 580 ... Read More »

Murdoch’s Fox agrees 11.69 billion pounds deal to buy Sky and bolster empire

Rupert Murdoch’s Twenty-First Century Fox has struck a $14.6 billion (11.69 billion pounds) deal to buy European pay-TV firm Sky that consolidates a media empire across two continents and helps it take on rivals like Netflix in the battle for viewers. Fox, which announced a preliminary deal on Friday, said it would pay 10.75 pounds per share – or 11.6 ... Read More »

U.S. fiscal year budget deficit widens to $587 billion

The U.S. budget deficit widened to $587 billion for the fiscal year 2016 on slower-than-expected revenues and higher spending for programs including Social Security and Medicare, the Treasury Department said on Friday. The 2016 deficit increased to 3.2 percent of gross domestic product. It was the first time the deficit increased in relation to economic output since 2009, according to ... Read More »

RBS Irish unit sells problem loans with $2.8 billion face value

The Irish unit of Royal Bank of Scotland has sold non-performing loans with a face value of 2.5 billion euro (2.25 billion pounds) to private equity firm Cerberus, the bank said on Monday. The Project Oyster loan portfolio, a mixture of loans in the Republic of Ireland and Northern Ireland, is 71 percent business loans, 19 percent buy-to-let and 10 ... Read More »

RBS’s worst-case legal bill could hit $27 billion

Royal Bank of Scotland may have to pay out as much as $27 billion (21.74 billion pounds), roughly the market value of the bank, in misconduct fines and lawsuits over the next few years, lawyers and analysts said. That bill represents the upper end of estimates to settle a range of claims related to RBS’s alleged misconduct before and during ... Read More »