Surviving spouses aged 60 or older may qualify for reduced Social Security survivor benefits following the death of a partner, according to federal guidelines. Claiming benefits immediately at age 60 results in a permanent reduction, typically yielding about 71.5 percent of the deceased spouse's basic benefit amount. Full benefits become...
Tokyo-based memory storage maker Kioxia is considering raising at least ten billion dollars through a major listing of American depositary receipts in the United States. The potential move is designed to capture strong investor liquidity and demand tied to artificial intelligence related infrastructure. The semiconductor manufacturer previously repurchased billions of...
Labor unions representing employees at Micron Technology facilities in Taiwan have maintained strike preparations while pressing demands for a permanent profit-sharing mechanism. The dispute stems from compensation policies following record financial returns driven by soaring global demand for artificial intelligence hardware. The Taoyuan and Taichung unions, representing more than 80...
Global institutional asset management firms including Goldman Sachs Asset Management, Franklin Templeton, and Fidelity International are preparing to participate as anchor investors in the National Stock Exchange of India (NSE) initial public offering. The proposed offering is structured entirely as an Offer for Sale consisting of equity shares from existing...
Bank of America reports that stock-picking and multi-manager hedge funds are attracting increased capital allocations from institutional investors through 2026. The shift follows a strong period for the hedge fund sector, which recorded its best first-half performance since 2010. According to Bank of America data, hedge funds rose 5.5% through...
Data center developer SB Energy backed by SoftBank Group announced plans to sell up to $500 million in shares to Japanese investors in its U.S. IPO. The regulatory filing on Tuesday stated funds support data center and power generation infrastructure projects. SoftBank reportedly seeks a $50 billion valuation for the...
WASHINGTON The National Transportation Safety Board announced that one-third of responses from the Federal Aviation Administration regarding safety recommendations are unacceptable. Investigators classified eleven out of thirty-three evaluated FAA responses as deficient during ongoing regulatory reviews. This dispute highlights persistent friction between federal accident investigators and aviation regulators over how...
Verizon Wireless and T-Mobile have formally resolved federal lawsuits in Manhattan accusing each other of deceptive consumer advertising regarding cellphone carrier switching savings. A stipulation of dismissal was filed in Manhattan federal court following months of legal dispute initiated when Verizon sued T-Mobile in February over promotional campaigns promising significant...
Kimberly-Clark is preparing asset divestments and regulatory concessions to address European Union antitrust concerns regarding its multi-billion-dollar acquisition of Tylenol maker Kenvue. Sources familiar with the matter report that the European Commission is set to formally notify the companies of its preliminary competition concerns. This regulatory notification will determine whether...
Costco raised prices on private-label Kirkland Signature full-synthetic motor oil and imposed weekly purchase limits amid rising global petroleum costs. A 5-quart two-pack of Kirkland full-synthetic motor oil now costs approximately $58, up from about $30 last year, with purchases capped at two boxes per week per member. Additionally, Costco...
