TikTok parent ByteDance’s valuation hits $300 billion, sources say
By Echo Wang and Chandni Shah (Reuters) -TikTok’s parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed…
US utilities want Trump, Republicans to save IRA tax credits, Edison CEO says
By Valerie Volcovici BAKU (Reuters) – The U.S. utility industry wants the incoming Trump administration and Republican-led Congress to preserve clean energy and EV tax credits in the Inflation Reduction Act, Pedro Pizarro, the CEO of utility Edison International (NYSE:EIX)…
Tata seals deal with Pegatron for iPhone plant in India’s Tamil Nadu, sources say
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as…
Netflix down for thousands of users in United States, Downdetector says
(Reuters) -Netflix was down for thousands of users in the United States late on Friday, with more than 12,000 incidents reported, outage tracking website Downdetector.com said. The reports come as Netflix (NASDAQ:NFLX) airs a much-anticipated live boxing match between Mike…
T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports
(Reuters) -T-Mobile’s network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. Hackers linked to…
Major Trump Media shareholder sells nearly entire stake
(Reuters) – Trump Media & Technology Group’s key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday. ARC and its manager Patrick Orlando now hold about 0.01%…