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France’s Atos to buy US IT giant Syntel in $3.4bn deal

Bloomberg Atos SE agreed to buy Syntel Inc. for about $3.4 billion in a cash deal that would give the French computer-services company access to large US financial customers including American Express Co. and State Street Corp. Bezons, France-based Atos will pay $41 a share for the US information technology firm, the companies said in a joint statement. The per-share ...

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UK seeks electric vehicle charging fund manager

Bloomberg The UK Treasury began its search for a manager to oversee a new 400 million-pound ($526 million) fund that will encourage drivers to switch to electric vehicles (EV) by building charging infrastructure. The Charging Infrastructure Investment Fund manager will be tasked with raising 200 million pounds from the private sector to match the same amount of money set aside ...

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Tesla asks suppliers for refunds to help profit

Bloomberg Tesla Inc. asked some suppliers to return a portion of its payments to them in an attempt by the electric-car maker to turn a profit, the Wall Street Journal reported, citing a memo sent to a supplier last week. The company, whose eroding cash position has alarmed investors, requested a “meaningful” amount of payments made since 2016 to be ...

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