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(Reuters) -Former Starbucks chief executive, Howard Schultz, is opposing a potential settlement between the coffee chain and activist investor Elliott Investment Management, the Financial Times reported on Friday. Schultz, who is the sixth largest shareholder with a $2.03 billion stake in the company, according to LSEG data made his opposition to an Elliott settlement known …

Starbucks’ ex-CEO Schultz opposes potential settlement with Elliott, FT reports Read More »

By David Lawder RIO DE JANEIRO (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday that she opposes shifting global tax deal negotiations away from the Organisation for Economic Cooperation and Development to the United Nations, pushing back against the desires of some developing countries and non-profit groups. Yellen told Reuters on the sidelines of …

Keep global tax negotiations at OECD, not UN, Yellen says Read More »

By Karen Brettell (Reuters) -The U.S. Treasury Department is likely to announce next week that it will keep most of its coupon-bearing U.S. Treasury auction sizes steady over the coming quarter, offering the market some relief after recent large increases. Additional expansions are expected down the road, however, as the U.S. fiscal trajectory worsens. The …

Treasury likely to keep most auction sizes steady for now Read More »

(Reuters) – Nasdaq said on Friday private equity firm Thoma Bravo will sell 41.6 million shares in the exchange operator through a secondary public offering. Based on Nasdaq’s last close, the offering will raise $2.79 billion for its top shareholder Thoma Bravo. Nasdaq shares fell 2.7% after the bell. The offering will reduce Thoma Bravo’s …

Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 billion Read More »

By Fergal Smith (Reuters) -Canada’s main stock index notched broad-based gains on Friday to extend its weekly winning streak, as investors cheered U.S. inflation data that could clinch the start of Federal Reserve interest-rate cuts in the coming months. The Toronto Stock Exchange’s S&P/TSX composite index ended up 206.78 points, or 0.9%, at 22,814.81, after …

TSX adds to weekly winning streak in broad-based rally Read More »

By Suzanne McGee (Reuters) – The State of Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK 21Shares Bitcoin ETF, it disclosed in a regulatory filing on Friday. This marks the second confirmed investment by a pension fund in the spot bitcoin …

Michigan state pension fund makes $6.6 million bitcoin ETF investment Read More »

By Dawn Chmielewski (Reuters) -Warner Bros Discovery and its sports division, Turner Broadcasting System, filed a lawsuit on Friday against the National Basketball Association in New York over the league’s rejection of its matching bid for media rights. The media company accused the NBA’s refusal to honor its right to match offers from a third …

Warner Bros Discovery sues NBA over bid for broadcast rights Read More »

By Chris Prentice (Reuters) -U.S. authorities charged prominent activist short seller Andrew Left and his fund Citron Capital, alleging he had for years manipulated the market and defrauded investors with misleading claims about his positions in multiple stocks, including Nvidia and Tesla. The Justice Department and Securities and Exchange Commission said on Friday that Left …

Citron’s Andrew Left faces US criminal charges over alleged fraud Read More »

(Reuters) – It’s a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on edge over more earnings from U.S. tech giants. In Venezuela, voters head to the polls to elect a president. Here’s your look at what’s happening in markets in …

Take Five: Scores on the doors for Big Tech Read More »

By Alberto Chiumento (Reuters) -Signify CEO Eric Rondolat blamed a “gloomy” economic situation in Europe and “increased difficulties in China” after the world’s biggest maker of lights missed expectations on Friday for second-quarter adjusted core profit. The result knocked 9% off the shares of the Dutch company, which has seen “a real lack of traction” …

Signify misses expectations on gloomy Europe, China woes, CEO says Read More »