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Bumble owner to spend $100 million on dating apps

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(Reuters) – The owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100 million, as it looks to better compete with Match Group’s Tinder. The company has created Magic Lab, a holding company for its brands that include dating apps Badoo, Chappy and Lumen, said Andrey Andreev, founder Read More

FRO – Update Regarding Front Altair

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FILE PHOTO: The Walmart logo in New York, U.S., May 1, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – IBM, Merck and Walmart have been chosen for a U.S. Food and Drug Administration pilot program that will explore using blockchain technology to improve the security of prescription drug supply (Reuters) – Jeffrey Gundlach, chief executive officer Read More

Broadcom’s $2 billion warning rattles global chip sector

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LONDON/BENGALURU (Reuters) – Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. The forecast, included in the company’s second-quarter results late on Thursday, was the hardest Read More

Broadcom’s $2 billion warning shocks global chip sector

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LONDON/BENGALURU – Broadcom Inc (AVGO.O) sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Read More

GasLog Partners LP Announces New Multi-Year Charter Agreement with Gunvor

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Monaco, June 14, 2019 (GLOBE NEWSWIRE) — GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP) announced today that one of its subsidiaries has entered into a three-and-a-half-year charter for the GasLog Shanghai with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group Ltd (“Gunvor”). The charter, expected to commence in June 2019, will Read More

Hedge fund Third Point calls on Sony to spin off semiconductor unit

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(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company. FILE PHOTO: Journalists wait for Sony Corp’s new President and Chief Executive Read More

Recession probabilities rise 40-45% in six months: DoubleLine’s Gundlach

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FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the probabilities of a recession have moved up 40-45% in six months and 65% in one year. Read More

U.S. recession odds rise to 40-45% in six months: DoubleLine’s Gundlach

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(Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the odds of the United States sliding into a recession in the next six months have risen to 40-45% and the odds were 65% within the next year. FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Read More

Broadcom sees chip demand slowing down, shares fall 8%

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(Reuters) – Broadcom Inc on Thursday warned of a broad slowdown in chip demand, blaming a trade conflict between the United States and China and export restrictions on Huawei Technologies Co Ltd and the chipmaker cut its revenue forecast for the year by 8%. FILE PHOTO: Broadcom Limited company logo is pictured on an office Read More

National Fuel Announces Executive Management Changes

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WILLIAMSVILLE, N.Y., June 13, 2019 (GLOBE NEWSWIRE) —  National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE: NFG) is pleased to announce the following executive management promotions all to be effective July 1, 2019. Ronald C. Kraemer will be named President of National Fuel Gas Supply Corporation, succeeding David P. Bauer who will become Read More