04:11 AM EDT, 08/15/2024 (MT Newswires) -- SoftBank has abandoned its plans to develop an artificial intelligence chip with Intel ( INTC ) after the latter struggled to meet SoftBank's demands for volume and speed, the Financial Times reported Thursday, citing unnamed people familiar with the matter. The Japanese company has blamed Intel ( INTC ) for the collapse of...

04:17 AM EDT, 08/15/2024 (MT Newswires) -- (Updates with the latest stock move in the headline and the first paragraph.) Lumentum ( LITE ) shares were trading up over 17% in premarket activity Thursday after the company reported overnight fiscal Q4 earnings growth slowed less than forecast as sales beat market expectations. The company reported fiscal Q4 non-GAAP earnings late...

04:13 AM EDT, 08/15/2024 (MT Newswires) -- Price: 3.02, Change: +0.49, Percent Change: +19.44 ...

SINGAPORE, Aug 15 (Reuters) - A Singapore court on Thursday charged two former bankers for helping a group of foreigners who were convicted of laundering $2.2 billion last year in the biggest such financial crime in the Asian financial hub. Both Wang Qiming and Liu Kai were relationship managers and Chinese nationals employed by Citibank and Swiss private bank Julius...