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...The company, a Silicon Valley bellwether, told its investors on Wednesday that it had processed more than $1tn in payments last year, up 25 per cent from 2022, helping it rebound from a bruising period during...
...The company has long insisted that publicly listed mining groups are better placed to responsibly run down coal mines as the world decarbonises, rather than selling them to privately held companies that...
...The new owner was originally cloaked by his limited liability company, but Son was revealed to be the buyer a few months after the purchase by the Los Angeles Times....
...“I didn’t like that we were basically burning coal to turn on the lights.”...
...Results: General Mills, the company behind Cheerios cereal and Häagen-Dazs ice cream, reports third-quarter earnings....
...The company received $4mn in incentives from an Ohio economic development agency and a 15-year tax abatement on property improvements. “They’ve got pitchforks and T-shirts and posters....
...and Ohio....
...When foreign leaders have, over the years, vowed to foster their own Silicon Valleys, they were not merely talking about consumer-facing tech companies like Twitter and Airbnb....
...the outskirts of Columbus, Ohio, the state capital....
...The Silicon Valley Bank ski trip to Deer Valley was one of the biggest annual networking events for technology start-ups before the bank failed last March, the largest bank to collapse since the global financial...
...Glencore has promised to spin off its coal business as a standalone company, subject to shareholder approval, within 24 months of closing a $6.9bn deal it made in November to buy the coal division of Canada...
...But a few more solid companies coming to market at reset prices may help destigmatise the long-held psychological opposition to down-round financing that has become baked into Silicon Valley’s culture....
...Mike DeWine, the Republican governor of Ohio, announced in June this year that Amazon Web Services intended to invest $7.8bn in data centres in central Ohio by the end of the decade....
...Silicon Valley....
...But the company’s lack of profit and the struggles that rival Lyft faced as a public company led Uber to trim its expectations, first to $100bn then down to just over $82bn....
...By most metrics, 2023 was a year to forget for the largest package delivery company in the US....
...The new management of the coal spin-off may then be reluctant to whittle it down. Teck’s coking coal business, Elk Valley, will make the unit a more attractive investment....
...US regional bank executives say the pressure to pay up to keep depositors from leaving, which cut profits last year, is easing, paving the way for better earnings after the collapse of Silicon Valley Bank...
...This might have been the result of naivety or cross-selling from SVB. Or simply herding, with companies opting for the default choice of many in the Silicon Valley community....
...The companies will match the US government investment, in a cost share....
...The move also serves as an indication of a maturing corporate culture in Silicon Valley that could show the social media company is more willing to play by Wall Street’s rules....
...While higher taxes and other issues pushed down Adani Enterprises’ net profits, reduced inventories and unusually high margins in coal trading helped the company generate operating profits of Rs21bn ($252mn...
...Levesque, a former officer on a nuclear submarine, said construction work near the site of a coal power plant, would begin in June regardless of whether the company received a permit from the Nuclear Regulatory...
...The head of investment at a large endowment fund said he would like VCs he had backed, which include some of Silicon Valley’s largest names, to return some of the money committed to them by LPs rather than...
...This is an audio transcript of the FT News Briefing podcast episode: ‘Is Signa’s downfall a canary in the coal mine?’ [MUSIC PLAYING] Marc Filippino Good morning from the Financial Times....
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