(Bloomberg) -- A decade ago, Renesas Electronics Corp. was under government control and bleeding cash. Now worth $35 billion, the Japanese chipmaker is targeting a market value of around $100 billion by 2030, thanks to a string of overseas acquisitions.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets WrapUS Allies Allege China Is Developing Atta
Oil prices edged higher in early Asian trade on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, boosting hopes of solid fuel demand during the summer driving season in the top oil consuming nation. Brent crude oil futures climbed 16 cents, or 0.2%, to $85.60 a barrel by 0033 GMT. Both benchmarks closed down on Tuesday as fears faded that Hurricane Beryl would disrupt production in the Gulf of Mexico.
(Bloomberg) -- Independent film and TV producer Skydance Media has reached a preliminary agreement to buy Shari Redstone’s National Amusements Inc. and merge with Paramount Global, the parent of CBS and MTV, according to a person with knowledge of the matter.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets WrapUS Allies Allege China Is Developin
