By John Revill ZURICH (Reuters) – UBS’s takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank’s outsize market strength. The historic 2023 deal created a bank with a balance sheet twice the size of the Swiss economy, and at a stroke eliminated one of …
Analysis-UBS market strength puts Swiss industry on edge Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq registered record closing highs for a second straight day on Tuesday, helped by a gain of more than 7% in Apple shares, while investors also awaited consumer prices data and a policy announcement from the Federal Reserve. Apple shares jumped 7.3% to a record-high …
Nasdaq, S&P 500 post record closing highs as Apple soars Read More »
By Brendan Pierson (Reuters) – Lawyers for Theranos founder Elizabeth Holmes and company President Ramesh “Sunny” Balwani on Tuesday urged a federal appeals court to overturn their convictions for defrauding investors in the failed blood testing startup, which was once valued at $9 billion. Amy Saharia, Holmes’ lawyer, told a three-judge panel of the 9th …
Theranos founder Elizabeth Holmes seeks to overturn fraud conviction Read More »
By Dawn Chmielewski LOS ANGELES (Reuters) – Media heiress Shari Redstone has ended talks with David Ellison’s Skydance Media, even as a special committee of the Paramount Global’s board was expected to meet to vote on a merger proposal, according to a source familiar with the negotiations. Redstone, Paramount’s controlling shareholder, had been expected to …
Shari Redstone ends talks with Skydance for Paramount merger, source says Read More »
(Reuters) – Accenture said on Tuesday that Angie Park, currently leading its Business and Commercial Finance division, will take on the role of the company’s CFO on Dec. 1, replacing KC McClure. Park, who has been with Accenture for nearly 30 years now, had previously served as the IT services provider’s CFO for Accenture Technology …
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The clock is ticking for Keith Gill, the stock influencer known on YouTube as “Roaring Kitty,” to lock in gains on his options position in GameStop as the company’s share price swings wildly and the expiration date for the contracts draws closer. Gill helped launch the meme-stock phenomenon …
Swinging GameStop shares whiplash value of Roaring Kitty’s options position Read More »
(Reuters) -Oracle on Tuesday forecast its revenue for fiscal 2025 to grow in double digits, in a sign of strong demand for its AI-powered cloud services as clients ramp up spending, sending the company’s shares up 8% after the bell. The company also announced a partnership with ChatGPT-maker OpenAI and Google Cloud to extend its …
Oracle expects double-digit revenue growth for fiscal 2025 on strong AI demand Read More »
By Nora Eckert and David Shepardson DETROIT (Reuters) -United Auto Workers President Shawn Fain is under investigation by an independent federal monitor over allegations of retaliation against other union leaders, according to a court filing on Monday. Monitor Neil Barofsky opened an investigation in February to review allegations, including that UAW Secretary-Treasurer Margaret Mock said …
UAW president faces probe over alleged retaliation against other union leaders Read More »
By Lisa Pauline Mattackal (Reuters) – As football fever builds for major tournaments in Europe and the Americas, a small yet buzzy part of the cryptoverse is stealing centre stage: fan tokens. These are not your average digital assets, they’re tokens issued by national sides or individual clubs that promise supporters a tradeable way to …
Cryptoverse: Soccer tokens shine ahead of summer of sport Read More »
By Roushni Nair and Aaditya GovindRao (Reuters) -Private equity firm Bain Capital has offered to buy Australia’s Bapcor in a A$1.83 billion ($1.21 billion) deal, which analysts said could draw attention of more suitors to the struggling auto parts retailer. Bapcor said on Tuesday its shareholders would receive A$5.4 in cash per share under the …
Australia’s Bapcor gets $1.2 billion offer from Bain Capital Read More »
