(Reuters) -Smithfield Foods on Monday made public its paperwork for its New York initial public offering as the maker of Farmland bacon and Farmer John sausages prepares for its U.S. stock market return after more than a decade. Hong Kong-based WH Group, the world’s largest pork producer that took Smithfield private in 2013 for $4.7 …
Smithfield Foods first to publicly file in 2025 for big US IPO Read More »
NEW YORK (Reuters) -Gemini Trust Company agreed to pay a civil penalty of $5 million to settle U.S. Commodity Futures Trading Commission charges in connection with statements it made in connection with its bitcoin futures contract in 2017, a court filing showed on Monday. Gemini also agreed to a permanent injunction, according to the consent …
Gemini agrees to $5 million fine, injunction over CFTC charges, filing shows Read More »
By Dietrich Knauth NEW YORK (Reuters) – Wireless network company Ligado Networks LLC filed for bankruptcy in Delaware late on Sunday, seeking to cut $7.8 billion in debt after U.S. government agencies blocked its planned expansion into land-based 5G wireless services. Ligado had invested heavily in plans to expand its mobile 5G network into a …
Ligado files for bankruptcy after stalled wireless expansion Read More »
By Dawn Chmielewski and Deborah Mary Sophia (Reuters) -Walt Disney Co said on Monday it would merge its Hulu + Live TV business with smaller rival FuboTV, removing a significant hurdle to the launch of its sports streaming venture with Fox Corp and Warner Bros Discovery. The combination creates the second-biggest online pay-TV company in …
Disney’s Hulu + Live TV business to combine with Fubo, clearing way for Venu Sports Read More »
By Ann Saphir and Michael S. Derby (Reuters) – Federal Reserve Vice Chair of Supervision Michael Barr’s decision on Monday to resign early from his regulatory oversight role sets up an early test of how Donald Trump will try to shape the U.S. central bank during his second term as president. Barr said on Monday …
With Barr’s exit from regulatory role, Trump gets early chance to reshape Fed Read More »
By Shivansh Tiwary (Reuters) -American Airlines’ stock is poised for a strong 2025 as the carrier emerges from a challenging year, according to brokerages Jefferies and TD Cowen, who upgraded the stock to a “buy” rating on Monday. Shares of the carrier were up nearly 5% at $17.78 in morning trading. The carrier spent much …
American Airlines back in ‘Big 3’ carriers, brokerages predict strong 2025 Read More »
By Simon Jessop, Iain Withers and Saeed Azhar LONDON/NEW YORK (Reuters) – U.S. lenders have been rushing in recent weeks to leave one of the world’s top banking sector climate coalitions, drawing scorn from campaigners who worry the industry is losing resolve to take action on fossil fuels. Goldman Sachs broke ranks to announce on …
Analysis-Exodus by Wall Street banks from climate group worries advocates Read More »
By Medha Singh and Purvi Agarwal (Reuters) -Shares of chipmakers jumped on Monday as Microsoft’s plan to invest $80 billion in AI-enabled data centers in fiscal 2025 spurred bets that semiconductor demand would remain strong. Micron was the biggest gainer among semiconductor stocks with a 10.6% rise, while chip-making equipment companies like Applied Materials, Lam …
Chip firms surge on hopes of strong AI-led demand Read More »
WASHINGTON (Reuters) -New orders for U.S.-manufactured goods fell in November amid weakness in demand for commercial aircraft while business spending on equipment appeared to have slowed in the fourth quarter, government data showed on Monday. Factory orders dropped 0.4% after an upwardly revised 0.5% gain in October, the Commerce Department’s Census Bureau said. Economists polled …
Weak demand for aircraft weighs down US factory orders in November Read More »
By Dawn Chmielewski, Mike Scarcella (Reuters) -Streaming service FuboTV said on Monday it has agreed to end litigation against the three major media companies behind the live sports app Venu Sports after Walt Disney Co announced it would merge its Hulu + Live TV business with Fubo. Disney, Fox and Warner Bros Discovery had been …
Disney, Fox and Warner Bros abandon Venu appeal after Fubo deal Read More »
