Business

Despite stresses, private credit funds lure money

Tuesday, April 21 by SRN News

By Patturaja Murugaboopathy and Suzanne McGee April 21 (Reuters) - Big fund managers and investors are pouring money into private credit fund managers and business development companies (BDCs) even as these firms face redemptions and scrutiny over their opaque portfolios. Bond fund manager PIMCO... Read More.

Intel results to show if supply chain issues are dimming its AI ambitions

Tuesday, April 21 by SRN News

By Zaheer Kachwala April 21 (Reuters) - Intel investors on Thursday will focus on its efforts to sort out supply chain issues that have limited the company's ability to ramp up chip production to meet rising demand from businesses adopting AI-related services. Intel has warned... Read More.

New York sues Coinbase Financial Markets, Gemini Titan for allegedly violating state law

Tuesday, April 21 by SRN News

NEW YORK, April 21 (Reuters) - New York sued Coinbase Financial Markets and Gemini Titan on Tuesday, accusing them of violating the state's executive law, court records show. Copies of the complaints were not immediately available. (Reporting by Jonathan Stempel in New York) Brought to you... Read More.

Churchill Downs Inc. buys Preakness intellectual property for $85 million

Tuesday, April 21 by SRN News

Churchill Downs Incorporated said Tuesday it has entered into an agreement to acquire the intellectual property for the Preakness Stakes and Black-Eyed Susan-Stakes from 1/ST Racing's Maryland department for $85 million, subject to customary closing conditions. Churchill Downs, the home of the Kentucky Derby, plans... Read More.

Northern Trust’s profit rises as robust markets bump fee income

Tuesday, April 21 by SRN News

April 21 (Reuters) - Asset and wealth manager Northern Trust posted a rise in first-quarter profit on Tuesday, as strong markets lifted assets under custody and boosted fee income. The Chicago, Illinois-based firm services assets for institutional clients and benefits from heightened market activity and... Read More.

Chery plans smaller cars for Europe but timing still unclear, executive says

Tuesday, April 21 by SRN News

MILAN, April 21 (Reuters) - China's Chery Automobile is working to expand beyond its SUV-focused range to smaller cars to support its growth in Europe, but platform development has just started and times remain undisclosed, a top group executive said. Chery, China's largest car exporter,... Read More.

France’s Engie discussing refund for US offshore wind projects with Trump administration

Tuesday, April 21 by SRN News

By Forrest Crellin PARIS, April 21 (Reuters) - French utility Engie is in talks with the Trump administration about a possible refund for its U.S. offshore wind project leases amid the president's opposition to the technology, CEO Catherine MacGregor said on Tuesday. Engie has paused three... Read More.

As the planet warms, scientists burn homes to figure out how to best protect them in wildfires

Tuesday, April 21 by SRN News

RICHBURG, S.C. (AP) - It took less than three minutes for wind-whipped flames to go from licking the side of the house to shattering a window and working under the eaves to burn everything inside. Weeks later, another house in the exact same spot... Read More.

Nigeria’s Dangote taps Honeywell to expand plastics and detergent petrochems

Tuesday, April 21 by SRN News

By Isaac Anyaogu LAGOS, April 21 (Reuters) - Nigeria's Dangote oil refinery has reached a deal with Honeywell to use the U.S. industrial group's technology to build up production of petrochemicals for plastics and detergents, the companies said, expanding the $20 billion complex's footprint beyond... Read More.

Retail sales up 1.7% in March from February driven by a spike in gas prices due to the Iran war

Tuesday, April 21 by SRN News

NEW YORK (AP) - Shoppers accelerated their spending in March from February, but they spent most of their money at the gas pump. A spike in gas prices due to the Iran war, now in its eighth week, resulted in a hefty 1.7% gain in... Read More.

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Despite stresses, private credit funds lure money

Intel results to show if supply chain issues are dimming its AI ambitions

New York sues Coinbase Financial Markets, Gemini Titan for allegedly violating state law

Churchill Downs Inc. buys Preakness intellectual property for $85 million

Northern Trust’s profit rises as robust markets bump fee income

Chery plans smaller cars for Europe but timing still unclear, executive says

France’s Engie discussing refund for US offshore wind projects with Trump administration

As the planet warms, scientists burn homes to figure out how to best protect them in wildfires

Nigeria’s Dangote taps Honeywell to expand plastics and detergent petrochems

Retail sales up 1.7% in March from February driven by a spike in gas prices due to the Iran war

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