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Intel pursued deals that boosted CEO Lip-Bu Tan's fortune, sources say

Intel pursued deals that boosted CEO Lip-Bu Tan's fortune, sources say

By Jeffrey Dastin, Max A. Cherney and Milana Vinn SAN FRANCISCO, Dec 10 (Reuters) - When the chairman of AI chip startup Rivos wanted Intel to bid for the company, he had no need to phone the chip giant. That’s because the chairman of Rivos was also Intel’s CEO: Lip-Bu Tan.
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Dropbox CFO Timothy Regan to step down

Dropbox CFO Timothy Regan to step down

Dec 10 (Reuters) - File hosting service provider Dropbox said on Wednesday its chief financial officer Timothy Regan will step down after five years in the role and will be succeeded by Ross Tennenbaum, a senior executive at tax software company Avalara.
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Asian benchmarks mostly decline as investors anticipate US rate cut

Asian benchmarks mostly decline as investors anticipate US rate cut

Asian shares are mostly lower, trading in a narrow range ahead of a Federal Reserve meeting that’s expected to result in the third cut to interest rates this year
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WTW to buy brokerage firm Newfront in up to $1.3 billion deal

WTW to buy brokerage firm Newfront in up to $1.3 billion deal

Dec 10 (Reuters) - Insurance broker WTW said on Wednesday it will acquire Newfront in a deal worth up to $1.3 billion, aiming to expand its reach in the U.S. middle-market through the brokerage.
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BOJ to hike rates to 0.75% in Dec, 1.0% by next Sept, majority of economists say- Reuters poll

BOJ to hike rates to 0.75% in Dec, 1.0% by next Sept, majority of economists say- Reuters poll

By Satoshi Sugiyama TOKYO, Dec 11 (Reuters) - The Bank of Japan will proceed with a 25-basis-point interest rate hike to 0.75% at its December meeting and raise borrowing costs to at least 1% by the end of September next year, a strong majority of economists said in a Reuters poll published on
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Synopsys tops revenue estimates on strong demand for chip design tools

Synopsys tops revenue estimates on strong demand for chip design tools

Dec 10 (Reuters) - Chip design software provider Synopsys beat analysts estimates for fourth-quarter revenue on Wednesday, driven by strong demand for its chip design tools, sending its shares up 5% in extended trading.
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Tax firm Andersen targets $1.75 billion valuation in US IPO

Tax firm Andersen targets $1.75 billion valuation in US IPO

Dec 8 (Reuters) - Tax advisory firm Andersen Group said on Monday it was targeting a valuation of up to $1.75 billion in its initial public offering in the United States, as companies race to list before the window for fresh listings closes for the year.
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Asian stocks slip as nervy markets wait for Fed

Asian stocks slip as nervy markets wait for Fed

By Ankur Banerjee SINGAPORE, Dec 9 (Reuters) - Asian stocks fell and the dollar was steady on Tuesday as investors braced for a cut in U.S. interest rates later this week while the yen was calm after a powerful earthquake rocked Japan's northeast region though the impact was limited.
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Nvidia shares gain as Trump allows some AI chip sales to China

Nvidia shares gain as Trump allows some AI chip sales to China

By Kanchana Chakravarty Dec 9 (Reuters) - Nvidia shares rose 1.7% in U.S. premarket trading on Tuesday after President Donald Trump said he will allow the sale of its H200 chips to approved Chinese customers, easing concerns over access to one of its biggest markets.
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The Latest: Trump approves sale of more advanced Nvidia computer chips used in AI to China

The Latest: Trump approves sale of more advanced Nvidia computer chips used in AI to China

President Donald Trump says he'll allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China
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JPMorgan names Berkshire's Todd Combs to lead new investment initiative

JPMorgan names Berkshire's Todd Combs to lead new investment initiative

Dec 8 (Reuters) - JPMorgan Chase said on Monday that Todd Combs, investment manager of Berkshire Hathaway, will head the strategic investment group of the firm's new security and resiliency initiative.
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Commerce Department to Permit Nvidia H200 Chip Exports to China Amid Strategic Concerns

Commerce Department to Permit Nvidia H200 Chip Exports to China Amid Strategic Concerns

Commerce Department to Permit Nvidia H200 Chip Exports to China Amid Strategic Concerns