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PIMCO expects no disruption to LA muni bondholder payments after fires

29 Jan 2025

By Davide Barbuscia NEW YORK (Reuters) – Los Angeles municipal bond issuers should be able to absorb losses caused by fires in the region without disrupting payments to investors, U.S. bond fund manager PIMCO said on Wednesday. “While the situation is devastating, our baseline expectations are that the long-term credit impact of the Los Angeles …

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Exclusive-D.E. Shaw takes stake in bitcoin miner Riot Platforms, sources say

29 Jan 2025

By Svea Herbst-Bayliss NEW YORK (Reuters) – Investment firm D.E. Shaw has built a position in Riot Platforms and may push it to make changes, two sources familiar with the matter said, making it the second activist shareholder to do so at the cryptocurrency mining company. Reuters could not determine the size of D.E. Shaw’s …

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KKR builds stake in Henry Schein, reaches deal to add board seats

29 Jan 2025

(Reuters) -Private equity firm KKR has taken a large stake in Henry Schein and reached a deal to add members to the company’s board, the distributor of medical products said on Wednesday. Shares of Henry Schein were up more than 3% at $78.54 premarket. The medical and dental supplies distributor, which has a market capitalization …

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AI-driven vehicle inspection startup UVeye raises $191 million in equity, debt

29 Jan 2025

By Nick Carey (Reuters) – UVeye, a startup that uses AI-driven technology to inspect vehicles to avoid defects and target repairs, said on Wednesday it has raised $191 million in debt and equity to scale up production in North America and Europe. The company’s $41 million funding round was led by Woven Capital, the investment …

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Morning Bid: Tech bounces as eyes turn to ‘Mag7’, Fed meet and Canada cut

29 Jan 2025

A look at the day ahead in U.S. and global markets from Mike Dolan The AI-related stock shakeout seems to have calmed as investors turn to megacap tech earnings – with the Federal Reserve set to pause its easing campaign in its first policy decision for 2025 just as central banks in Canada and Sweden …

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Vans parent VF Corp beats quarterly estimates as turnaround plan pays off

29 Jan 2025

(Reuters) – Apparel and footwear maker VF Corp beat third-quarter revenue and profit estimates on Wednesday, helped by efforts to revive demand and refresh the product lineup of its Vans, North Face and Timberland brands. Shares of the company were up nearly 6% in premarket trading. Favorable weather in the U.S. has driven demand for …

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