Pretish M J

2 weeks ago | gurutrade.com | Pretish M J |Anil D'Silva

April 29 (Reuters) - The Los Angeles port is expecting a 35% drop in cargo from Asia next week, Gene Seroka, the port's executive director, said in a CNBC interview on Tuesday. "It's a precipitous drop in volume with a number of major American retailers stopping all shipments from China based on the tariffs," Seroka said. Major American retailers have now stopped all shipments from China and that contributes to around 45% of traffic in Los Angeles, he said.

2 months ago | theprint.in | Pretish M J |Mrinmay Dey

New Hampshire-based Allegro confirmed that its board received the proposal in February and decided to reject it after a review. Allegro said it would not make further comment on this matter. Onsemi did not respond to a Reuters request for comment on the rejection. Allegro provides power management systems used in EVs and traditional vehicles, as well as chips essential for systems that assist vehicles brake and steer.

2 months ago | streetinsider.com | Pretish M J |Mrinmay Dey

1. CRWD2. SPY3. TGT4. ROST5. BBY6. FLUT7. PLUG8. CPB9. AAPL10. AZO Tweet Share E-mail0 sharesBy Pretish M J and Mrinmay Dey (Reuters) -Semiconductor solutions provider Allegro MicroSystems on Thursday rebuffed a $6.9 billion takeover approach from Onsemi, saying the offer was "inadequate" as it refused yet another approach from the larger rival.