Arun Koyyur

Southern Asia

Senior Desk Editor, Global News Desk at Reuters

Edits for Reuters; previously a newspaperman - worked as a reporter, news ed, desk ed.

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Articles

Intel to Sell 51% Stake in Altera to Silver Lake

1 week ago | gurutrade.com | Zaheer Kachwala |Arun Koyyur

April 14 (Reuters) - Intel said on Monday it would sell a 51% stake in Altera to private equity firm Silver Lake, valuing the programmable chip unit at $8.75 billion. The sale will provide Intel a cash boost as the chipmaker aggressively cuts costs to bolster its balance sheet, while it invests in a capital-intensive undertaking to become a contract manufacturer. Since last year, Intel has taken steps to spin Altera out as a separate unit and said it planned to sell a portion of its stake.
Tariff storm ravages Magnificent Seven as Apple nears one-year low

2 weeks ago | today.westlaw.com | Arun Koyyur |Aditya Soni

(Reuters) - The "Magnificent Seven" stocks sank on Monday, extending a market rout that has wiped off around $2 trillion from their combined value as investors worry about the financial fallout of U.S. President Donald Trump's global tariff war.
Alphabet to buy Wiz for $32 billion in its biggest deal to boost cloud security

1 month ago | today.westlaw.com | Jody Godoy |Arun Koyyur |Anil D'Silva |Krystal Hu

(Reuters) - Alphabet will buy fast-growing startup Wiz for about $32 billion in its biggest deal ever, the Google parent said Tuesday, as it doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.com and...
Forever 21 files for bankruptcy again, to start liquidation sales

1 month ago | today.westlaw.com | Nicholas Brown |Juveria Tabassum |Rishabh jaiswal |Arun Koyyur

(Reuters) -Forever 21's U.S. operator on Sunday filed for bankruptcy for the second time in six years and said it would wind down operations in the country, hurt by...
Drugmakers Mallinckrodt, Endo in talks to merge, source says

1 month ago | today.westlaw.com | Bhanvi Satija |Arun Koyyur |Sneha K |Anirban Sen

(Reuters) -Mallinckrodt and Endo are exploring a potential merger that could be valued at about $7 billion, person familiar with the matter told Reuters on Wednesday. A deal could likely be announced as soon as Thursday, the person said. The two...
Uber ends Foodpanda Taiwan acquisition after regulatory hurdles

1 month ago | today.westlaw.com | Arun Koyyur |Chandni Shah |Zaheer Kachwala |JASPREET SINGH

(Reuters) -Uber has terminated its $950 million bid for Delivery Hero's Foodpanda business in Taiwan, the food delivery company said on Tuesday, owing to regulatory hurdles. Taiwan had in December blocked the deal on anti-competitive concerns. Its...
Apple to launch new lower-cost iPhone to capture a broader market

1 month ago | arizonadigitalfreepress.com | Akash Sriram |Arun Koyyur

People walk past an Apple store in London, Britain, January 13, 2025. (REUTERS/Isabel Infantes/File Photo)Staff Reports | REUTERSApple is set to launch its latest budget iPhone model on Wednesday as it looks to grab a bigger share of the mid-range smartphone market and fend off competition from rivals such Samsung and China’s Huawei.
Trump asks Apple to end diversity policies after shareholders vote in favor

1 month ago | today.westlaw.com | Arun Koyyur |Susan Heavey |Andrew Heavens |Aditya Soni

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday urged Apple to scrap its diversity, equity and inclusion policies, a day after the iPhone maker's shareholders voted overwhelmingly to keep them in the face of growing pushback from...
JPMorgan Chase begins planned layoffs for 2025

2 months ago | pjstar.com | Manya Saini |Niket Nishant |Devika Syamnath |Arun Koyyur

Manya Saini and Niket NishantReutersJPMorgan Chase JPM.N started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. Fewer than 1,000 employees are going to be laid off in February, according to Barron's, which first reported the news. The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions.
JPMorgan Chase begins planned layoffs for 2025

2 months ago | newschief.com | Manya Saini |Niket Nishant |Devika Syamnath |Arun Koyyur

Manya Saini and Niket NishantReutersJPMorgan Chase JPM.N started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. Fewer than 1,000 employees are going to be laid off in February, according to Barron's, which first reported the news. The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions.