By Johann M Cherian and Shristi Achar A (Reuters) -UK’s blue-chip FTSE 100 edged higher on Tuesday, as rising shares of oil and mining majors helped shake off early weakness following a surprise monetary policy tweak by Bank of Japan (BoJ). The blue-chip FTSE 100 closed 0.1% higher, further distancing itself from one-month lows hit …
FTSE 100 rises after BoJ shock, commodity stocks support Read More »
By Mike Scarcella (Reuters) -Microsoft Corp was hit on Tuesday in U.S. court with a private consumer lawsuit claiming the technology company’s $69 billion bid to purchase “Call of Duty” maker Activision Blizzard Inc will unlawfully squelch competition in the video game industry. The complaint filed in federal court in California comes about two weeks …
Video gamers sue Microsoft in U.S. court to stop Activision takeover Read More »
BERLIN (Reuters) – German pharma company MorphoSys said its finance chief Sung Lee would leave the company for personal reasons in March 2023 and that the company was seeking a successor to Sung, who joined in February 2021. The company suffered a major setback in November when an Alzheimer’s drug candidate it was developing with …
German pharma company MorphoSys’s finance head to step down Read More »
By Milana Vinn (Reuters) – Aliya Capital Partners LLC, one of the biggest investors that joined Elon Musk’s $44-billion acquisition of Twitter Inc, said on Tuesday it expects to make up to five times its money despite the social media company’s problems. Twitter has been hemorrhaging advertisers after Musk let more than half of its …
Investor in Musk’s Twitter buyout expects to make up to five times its money Read More »
MEXICO CITY (Reuters) – France’s Vinci on Tuesday clarified that it was not currently investing $820 million in renovating a key Mexican airport, saying that the figure cited by a local government was in fact the price of a major stake purchase, after debt. A spokesperson for the French construction and concessions firm told Reuters …
PARIS (Reuters) – The European Commission said on Tuesday it had approved Germany’s 34.5 billion euro ($36.60 billion) plan to recapitalise German natural gas trader Uniper, subject to future state divestment, management pay and acquisitions. The plan complies with EU State aid rules on the necessity, appropriateness and size of the intervention, the Commission said …
European Commission clears Germany’s Uniper bailout Read More »
(Reuters) – The United States Federal Trade Commission (FTC) is deepening its probe into Twitter Inc’s privacy and data security practices, Bloomberg News reported on Tuesday, citing sources familiar with the matter. The FTC’s lawyers have questioned two former company executives in the past month on the social media platform’s compliance with the agency’s 2011 …
FTC deepens probe into Twitter’s privacy, security practices- Bloomberg News Read More »
By Pablo Mayo Cerqueiro and Echo Wang LONDON/NEW YORK (Reuters) -Investment bankers are bracing for another tough year ahead after losing out on lucrative fees from arranging initial public offerings (IPOs) and other share sales, as questions around monetary policy and a looming recession dampen hopes for a near-term rebound. Banks have executed $517 billion …
Capital markets stuck in ‘no man’s land’ as bankers miss out on fees Read More »
By Kylie MacLellan LONDON (Reuters) -British health sector bosses warned the government on Tuesday of the risk to patient safety from a wave of industrial action as ambulance workers prepared to walk out and nurses threatened further strikes in a dispute over pay. Around 100,000 nurses went on strike on Tuesday for the second time …
Patient safety at risk, UK ministers warned as healthcare staff strike Read More »
COPENHAGEN (Reuters) – Pop singer Justin Bieber lashed out at H&M over clothes featuring the Canadian artist’s image and lyrics, saying the Swedish fashion giant had not obtained his approval. “The H&M merch they made of me is trash and I didn’t approve it,” Bieber wrote in an Instagram story on Monday, encouraging his 270 …
Justin Bieber slams H&M “trash” merchandise featuring his image Read More »
