Crisis-hit French IT firm Atos has told creditors and bondholders it is seeking more than 1 billion euros ($1.09 billion) in new funds, Bloomberg News reported on Monday, citing people with direct knowledge of a new restructuring plan. Atos is aiming to convert about half of its $5 billion debt into equity as part of the plan disclosed during a confidential meeting on Monday, Bloomberg said. Atos has not made immediately clear who would inject cash in the company and how remaining debt terms...
Financing for the deal will be supported by Concord's partner Apollo Capital Management, the U.S. private equity giant.
A venture fund founded by Laurene Powell Jobs could finance the company.
Michigan public schools used nearly half their pandemic relief spending on employee compensation, according to a new report from a Michigan policy watchdog. Many of the state’s students, meanwhile, continue to perform below pre-pandemic testing benchmarks.
As the House of Representatives tries to find ways to improve the measly allocation for the health care of senior citizens, it turns out that the Department of Health has “excess funds” to support such a program.
The Sun has settled 1,600 claims and paid out £1 billion to keep cases out of court, it has been revealed.
We will never know how much pandemic aid fraud was committed. There were just too many trillions of dollars, and too many programs run by incompetent fools to get any kind of accurate accounting.
The $1.326 billion prize ranks as the eighth largest in U.S. lottery history and came after 41 consecutive drawings without a jackpot winner.
Millions taking part in the eighth-largest Powerball drawing in U.S. history will have to wait a little longer to find out if they've struck it rich. The $1.3 billion Powerball drawing was delayed on Saturday night after the Multi-State Lottery Association said a single jurisdiction had yet to wrap up its normal pre-draw security procedures."Powerball game rules require that every single ticket sold nationwide be checked and verified against two different computer systems before the winning...
Munich-based digital products engineering company Nagarro crossed the $1 billion revenue mark in financial year 2023 based on year-end currency rates, growing 9.4% year-on-year on a constant currency basis.Revenue increased from about $908 million in 2022. The company follows a January to December financial year.Listed independently on the Frankfurt Stock Exchange in 2020, when its revenue was $516 million at year-end exchange rates, Nagarro has more than doubled its revenue in the past three...
Apple has tried and failed to have a lawsuit in the UK dismissed, one that's valued at nearly $1 billion, brought against the company by 1,500 UK-based developers. A UK court ruled earlier today that the suit can be brought, and will thus proceed to trial - although this step will most likely only take place next year. The suit alleges that Apple charged the developers in question unfair commission fees of up to 30% on purchases of apps and other content. The plaintiffs say Apple is abusing...
The FCA has pointed the finger at Neil Woodford and Link Fund Solutions for the collapse of the Woodford Equity Income fund.