Posts by Liam Redmond
Stocks to watch: Mapletree Pan Asia Commercial Trust, Keppel DC Reit, Suntec Reit, ESR-Reit – The Business Times
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 24): Mapletree Pan Asia Commercial Trust (MPACT): Its manager posted a 9.1 per cent year-on-year fall in distribution per unit (DPU) to S$0.02 for its third quarter ended Dec 31, 2024. This came as revenue fell 7.4 per cent to…
Read MoreCrypto’s richest man CZ turns venture capital firm into giant family office – The Business Times
ZHAO Changpeng “CZ”, a few months out of prison and worth US$70 billion thanks to the relentless crypto rally, is turning the former venture capital arm of his Binance Holdings into a family office. Binance Labs, which oversees about US$10 billion of crypto-related assets, will be renamed YZi Labs, according to a statement on Thursday…
Read MoreESR Reit posts 15.9% fall in H2 DPU to S$0.00997 – The Business Times
THE manager of ESR Real Estate Investment Trust (ESR Reit) posted a distribution per unit (DPU) of S$0.00997 for its second half (H2) ended Dec 31, 2024, down 15.9 per cent from S$0.01186 a year ago. This brings total DPU for FY2024 to S$0.02119, down 17.4 per cent year on year. This takes into account…
Read MoreNo major impact from Johor data centres, US export ban: Keppel DC Reit manager – The Business Times
NEW data centres in Johor, Malaysia, and the US chip export ban are unlikely to have a big impact on Keppel DC Reit, said the manager on Friday (Jan 24). The workloads in Johor are different from Singapore, with the data centres in the Republic doing artificial intelligence (AI) inference work rather than training, the…
Read MoreBillionaire McCourt says he is open to teaming up on a TikTok bid – The Business Times
US BUSINESSMAN Frank McCourt is open to teaming up with other buyers on a bid to take over the US operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Thursday. The billionaire declined to share details on his sources of financing, but said…
Read MoreMitsubishi Motors considering not joining Nissan-Honda merger, Yomiuri says – The Business Times
MITSUBISHI Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors plans to remain listed while continuing its cooperative relationship with both companies, three sources said on condition of anonymity because they were not authorised to speak about…
Read MoreDisney raises Bob Iger’s pay by 30%, reflecting turnaround in profit – The Business Times
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media and entertainment company. The 73-year-old earned US$41.1 million in the year that ended in September, up from US$31.6 million in fiscal 2023, according to a filing on Thursday (Jan 23). The increase…
Read MoreJPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit – The Business Times
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its own record for the highest annual profit in the history of American banking. The board granted Dimon a US$1.5 million salary and US$37.5 million of performance-based incentive compensation, according to a…
Read MoreTiktok weighs non-sale options, ByteDance’s Bill Ford says – The Business Times
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford. The Chinese company is looking at options for the social media app that could involve a change of control locally to ensure it complies with US legislation, General Atlantic chief executive officer…
Read MoreCNN eyes 200 job cuts, streaming overhaul – The Business Times
US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of staffing and programming amid a deluge of political news. The broadcaster, which said overall employee headcount could remain stable with new roles created, follows other outlets restructuring amid…
Read MoreEV maker Nikola explores sale, partnerships with cash dwindling – The Business Times
NIKOLA is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to sources familiar with the matter. Other possibilities under consideration include bringing on partners or raising new funds, said the sources, who asked not to be identified discussing the private effort. No decisions have been…
Read MoreTexas Instruments forecast signals chip slump is persisting – The Business Times
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand and higher costs tied to a factory expansion. Profit will be 94 US cents to US$1.16 a share in the first quarter, the company said on Thursday (Jan 23). The midpoint of that range, US$1.05 a…
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