Exclusive-Arm to Fetch at Least $54.5 Billion Valuation in IPO -Source
Sept. 12 By Echo Wang Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the top end of the price range in its initial public offering, which would command a $54.5 billion valuation on a fully…
Exclusive-Top US Chipmakers, Tech Firms to Attend Vietnam Meeting as Biden Visits
Sept. 11 By Francesco Guarascio and Phuong Nguyen Top U.S. semiconductors and digital companies including Intel, GlobalFoundries and Google are expected to attend a business meeting on Monday in Hanoi as President Joe Biden visits Vietnam to boost ties, two people familiar with the plan…
US, Saudi Arabia in Talks to Secure Metals in Africa – WSJ
Sept. 10 By Urvi Dugar The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks. A state-backed Saudi venture…
Alaska Sues US Government to Contest Tongass Forest Protections
Sept. 9 By Clark Mindock The state of Alaska sued President Joe Biden’s administration on Friday seeking to block its decision to reverse a policy begun under his predecessor Donald Trump that had opened vast swaths of the Tongass National Forest, the largest such wilderness…
US House Panel Chair: Wider Chinese IPhone Ban Aims to Quash Apple’s Market Access
Sept. 8 By Karen Freifeld and Jasper Ward A wider ban on China state employees from using Apple’s iPhones is not surprising and seeks to limit a Western company’s market access, the chairman of the U.S. House panel on China told Reuters on Thursday. “This…
Biden administration cancels remaining oil and gas leases in Alaska’s Arctic Refuge
Sept. 7 By Becky Bohrer In an aggressive move that angered Republicans, the Biden administration canceled the seven remaining oil and gas leases in Alaska’s Arctic National Wildlife Refuge on Wednesday, overturning sales held in the Trump administration’s waning days, and proposed stronger protections against…
Anchorage Assembly approves over $200K in funding to address issues at large homeless camps
Sept. 6 By Steve Kirch The Anchorage Assembly is authorizing the use of more than $200,000 to address the crime and public health issues associated with large homeless camps throughout Anchorage, specifically ones in North Anchorage and Midtown. The $220,000 in funding was approved unanimously…
Exclusive-Shell, Trinidad Weigh Venezuela’s Natural Gas Investment Demands
Sept. 5 By Curtis Williams and Marianna Parraga Shell and Trinidad and Tobago’s National Gas Company (NGC) are close to agreeing to credit Venezuela’s state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close…
State of Alaska files motion against feds over control of fishery management
Sept. 4 By Steve Kirch Gov. Mike Dunleavy made it clear at a press conference on Friday just how crucial a motion filed by the State of Alaska is for the future of fisheries conservation in Alaska. Dunleavy, along with Alaska Attorney General Treg Taylor…
Raimondo Warns China Patience of US Business Is ‘Wearing Thin’
Sept. 3 By Diane Bartz and Phil Stewart U.S. Commerce Secretary Gina Raimondo warned China in interviews broadcast on Sunday that the patience of U.S. business was “wearing thin,” saying American companies deserved a “predictable environment and a level playing field.” The two biggest economies…
Alaska’s oil and gas expected to be huge economic driver over next 5 years
Sept. 2 By Lex Yelverton Wednesday kicked off the seventh annual Alaska Oil and Gas Association conference at the Dena’ina Center, centered on a theme of ‘bringing it home.’ The industry event includes a lineup of speakers and vendors all interested in the future of…
US Entertainment Shares Slide as Disney, Charter Squabble Over Cable Fees
Sept. 1 By Chibuike Oguh and Bansari Mayur Kamdar Shares of several U.S. entertainment companies including Fox Corp and Warner Brothers Discovery Inc were dragged down on Friday by a dispute between media heavyweight Disney and cable provider Charter Communications over television distribution fees. Disney…