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Yesterday β€” 5 November 2024Bloomberg Technology

China Data Center Firm Shanghai DC-Science Seeks Private Loan

5 November 2024 at 20:13
Shanghai DC-Science Co., a Chinese data center developer and operator, is seeking private debt of about $600 million to $700 million to fund a project in southern Malaysia, according to people familiar with the matter.

Cables connect to servers at a data center inside the VK Company Ltd. office in Moscow, Russia, on Wednesday, Jan. 19, 2022. An insurance group part-owned by Gazprom PJSC bought a 45% stake in MF Technologies, a company that controls the majority of voting shares in VK. Photographer: Andrey Rudakov/Bloomberg

Nintendo Jumps as Investors Anticipate Next-Gen Console Reveal

5 November 2024 at 19:50
Nintendo Co. jumped after investors bet poor quarterly earnings would spur the company to focus on its next-generation console.

Elon Musk-Led Election Falsehoods Hang Over Vote as Tally Begins

An ultra-rich American pouring tens of millions of dollars into a presidential race is nothing new. Nor is lobbying for their business interests or vying for a position in the next administration.

Elon Musk with Donald Trump

Netflix Offices in Paris, Amsterdam Raided in Tax Fraud Case

5 November 2024 at 16:46
Netflix Inc. offices in Paris and Amsterdam were raided on Tuesday by investigators as part of a 2022 probe into alleged tax-related crimes and undeclared labor, according to a French justice ministry official.

A pedestrian walks past the offices of Netflix at Square Edouard VII in Paris on Nov. 5, 2024.

Super Micro Gives Tepid Sales Forecast, No Filing Schedule

5 November 2024 at 16:35
Super Micro Computer Inc. gave a sales forecast that fell short of analysts’ estimates while saying it couldn’t predict when it would file official financial statements for its previous fiscal year. The shares dropped about 14% in extended trading.

The Super Micro Computer Inc. headquarters in San Jose, California, U.S., on Tuesday, Jan. 5, 2021. China's exploitation of products made by Supermicro, as the U.S. company is known, has been under federal scrutiny for much of the past decade, according to 14 former law enforcement and intelligence officials familiar with the matter.

Fighting Election Fiction, Palantir's Record Results | Bloomberg Technology

5 November 2024 at 16:16
Bloomberg's Caroline Hyde and Ed Ludlow discuss the big tech movers as US voters head to the polls, and parsing through fact from fiction as election rumors and misinformation persist. Plus, Silicon Valley's growing political power. (Source: Bloomberg)

Coupang Declines After Retail Sales Miss Estimates

5 November 2024 at 16:11
Coupang Inc. slid in late trading on Tuesday after reporting retail net sales that fell short of Wall Street’s expectations.

<p>Coupang’s stock has climbed 66% this year, aided by its first full year of profit in 2023.</p>

Nvidia Rides AI Wave to Pass Apple as World’s Largest Company

5 November 2024 at 16:10
Nvidia Corp. became the largest company in the world on Tuesday, surpassing Apple Inc. and underscoring just how dominant artificial intelligence has become on Wall Street.

Apple to Face First EU Fine Under Bloc’s Digital Markets Act

5 November 2024 at 15:45
Apple Inc. is set to face the first-ever fine under the European Union’s new digital antitrust rules for Big Tech, representing an escalation of a clash with regulators over the dominance of its hugely profitable App Store.

A shopper enters the Apple Inc. store in Berlin, Germany, on Thursday, Dec 14, 2023. Sluggish exports are dragging down industry, consumers spending is restrained and higher financing costs are dampening investment, the Bundesbank said. Photographer: Krisztian Bocsi/Bloomberg

NielsenIQ Considers an IPO at a Valuation Close to $10 Billion

NielsenIQ is exploring an initial public offering that could value the consumer intelligence firm at about $10 billion, according to people familiar with the matter, as the market for first-time share sales continues a comeback.

<p>NielsenIQ&nbsp;helps retailers and manufacturers understand buying behavior and identify new growth opportunities.&nbsp;</p>

Telecom Italia CEO Says He’s Committed to Role, Won’t Resign

5 November 2024 at 13:46
Telecom Italia SpA Chief Executive Officer Pietro Labriola said he is committed to seeing through the phone carrier’s turnaround plan after he slashed its debt load in a landmark deal to sell its network this year.

Pietro Labriola

Marqeta Falls Most Ever After Giving Disappointing Outlook

5 November 2024 at 12:25
Shares of Marqeta Inc. tumbled 43% after the payment card partner for firms including Block and Affirm forecast disappointing results for the fourth quarter.

Marqeta headquarters in Oakland, California.

Walmart’s Antidote to Locked Up-Products: A Key on Your Phone

5 November 2024 at 10:48
Walmart Inc. is testing technology in stores that would let people open security locks for products from their cellphones, a bid to protect against theft without hindering sales.

Shelves of baby formula in a Walmart Supercenter in Houston, Texas.

Trump Media Swings as Election Volatility Spills Into Night

5 November 2024 at 10:47
Shares in Donald Trump’s social media company were volatile in late trading after enduring a topsy-turvy session ahead of the outcome of the US presidential election.

Donald Trump speaks after voting at the Morton and Barbara Mandel Recreation Center in Palm Beach, Florida, on Nov. 5.

Super Micro Faces Potential Delisting, S&P 500 Removal Amid Auditor Woes

Super Micro Computer Inc. started the year as a hot artificial intelligence trade. But just eight months after shares hit a record high, investors are asking whether the server maker will be delisted by Nasdaq Inc. and booted from the S&P 500.

Chips Industry Sees US Funding Hinge on Election

5 November 2024 at 06:04
Today’s election is pivotal for a litany of global issues, not least of which is the fate of the semiconductor industry. But first...

Signage during the closing campaign event with former US President Donald Trump, not pictured, at Van Andel Arena in Grand Rapids, Michigan, US, on Monday, Nov. 4, 2024. Kamala Harris and Donald Trump are separated by the narrowest of margins in polls, which show Tuesday's election is a coin flip, and by a chasm in their future vision for the world's premier economic and military power.

CVC Office Searched in French Football Deal Corruption Probe

5 November 2024 at 05:54
French financial prosecutors searched the offices of private equity firm CVC Capital Partners and France’s football governing body on Tuesday as part of an investigation into possible corruption.

LFP branding. Photographer: Franck Fife/Getty Images

Universal Music Sues Believe Alleging Copyright Infringement

5 November 2024 at 03:46
Universal Music Group NV has filed a lawsuit against French record label Believe SA seeking damages of at least $500 million over copyright infringement.

(COMBO) This combination of file pictures created on July 30, 2018 in Paris shows the logo of French media group Vivendi in Paris on April 24, 2008 (top) and the logo of music company Universal Music on its headquarters in Berlin on August 23, 2006. - French media group Vivendi said on July 30, 2018 it plans to sell up to 50 percent of Universal Music Group as it reported a drop in net earnings. As revenue dipped 1.4 percent at the music label to 2.6 billion euros (USD 3.0 billion), Vivendi's management team told the company's board of directors that an initial public offering was too complicated and instead recommended a "sale of up to 50 percent of UMGs share capital to one or more strategic partners, in order to extract the highest value." Vivendi said it expected a transaction in the coming months which would be completed by the end of next year. (Photo by Patrick HERTZOG and John MACDOUGALL / AFP) (Photo credit should read PATRICK HERTZOG,JOHN MACDOUGALL/AFP via Getty Images)

Broadband Firm HKBN Eyes About $800 Million Loan for Refinancing

Hong Kong broadband service provider HKBN Ltd. is seeking an about HK$6.25 billion ($800 million) loan for refinancing purposes, according to people familiar with the situation.

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