Latest news with #KielPorter
Bloomberg
6 days ago
- Business
- Bloomberg
Satellite Operators Unload Ground Stations to Battle Starlink
Hello, it's Kiel Porter writing from Chicago. For all the excitement about launching sophisticated satellites into orbit, operators often depend on a humbler business, ground stations back on Earth, to connect customers to their constellations. More on this in a moment, but first ... Three things you need to know today:
Bloomberg
25-04-2025
- Automotive
- Bloomberg
Iveco's Defense Unit Attracts US Buyout Firms Bain, KPS
By , Swetha Gopinath, and Kiel Porter Updated on Save Bain Capital and KPS Capital are interested in Iveco Group NV 's defense unit, according to people familiar with the matter, as the Italian truckmaker looks to seize on the rising demand for military assets. The two US buyout firms have been considering bids for the business that makes armored and tactical vehicles, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and they could decide against pursuing any deal, the people said.
Bloomberg
20-03-2025
- Business
- Bloomberg
Big Take: Crypto Billionaire Enters Space-Station Race
The International Space Station's time in the stars will soon come to an end. NASA has said that the ISS is scheduled to be decommissioned in 2030 and replaced with a new station made by a private company. Now, the race is on to win the contract. On today's Big Take podcast, Bloomberg's Kiel Porter and Loren Grush tell host Sarah Holder why a former crypto tycoon has made a billion-dollar bet that his startup, Vast, will build the next international space station — and what this space race tells us about the future of the commercial space industry.
Bloomberg
12-03-2025
- Business
- Bloomberg
DHL to Hire Hundreds in Malaysia if Shipping Loophole Nixed
By , Cailley LaPara, and Kiel Porter Save DHL Group will look to hire workers in locations such as Malaysia if US President Donald Trump removes a tax exemption for lower-value shipments, DHL Express Chief Executive Officer John Pearson said. The logistics industry was whipsawed in February by an executive order that canceled a longstanding exemption on imports from China worth $800 or less, known as the de minimis rule. The exemption has been exploited by Chinese retailers such as Temu and Shein to expand US sales. However, the executive order, which targeted the more than a billion small-value e-commerce packages that ship from China to the US annually, was suspended after its abrupt implementation sparked chaos at the US Postal Service.
Bloomberg
12-03-2025
- Business
- Bloomberg
Chemours Nominates CEO of Activist Vision One to Board
By and Kiel Porter Updated on Save Chemours Co. plans to add the chief executive officer of Vision One Management Partners to its board as it seeks to avoid a proxy fight with the activist investor. The Wilmington, Delaware-based chemicals company has nominated Courtney Mather as a new independent director, according to a spokesperson for the group.
