(Reuters) -AMC Entertainment CEO Adam Aron said on Sunday the company filed a revised petition for a stock conversion plan to address the Delaware court’s concerns over other shareholders. AMC had proposed a plan to allow it to convert preferred stock to common stock and issue millions of new shares. It was sued in February …
AMC files revised stock conversion settlement plan in court Read More »
By Mrinmay Dey (Reuters) – Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors’ claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to accept a gag order, they said in a letter to the judge in the criminal fraud case. The letter, released on Sunday, came after prosecutors …
FTX’s Bankman-Fried denies witness tampering, accepts gag order Read More »
By Anna Tong (Reuters) -Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launches on Monday. The project’s core offering is its World ID, an account that only real humans can get. To get a World ID, a customer signs up to do an in-person iris scan using Worldcoin’s ‘orb’, a silver ball approximately the …
OpenAI’s Sam Altman launches Worldcoin crypto project Read More »
(Reuters) – U.S. oil major Chevron Corp on Sunday said Pierre Breber, vice president and chief financial officer, will retire from Chevron in 2024 and named current chief technical officer Eimear Bonner as his successor from March 1, 2024. Chevron’s independent directors waived the company’s mandatory retirement age of 65 for its chairman and chief …
Chevron appoints Eimear Bonner as new finance chief Read More »
By David Randall NEW YORK (Reuters) -A U.S. stocks rally faces a potential inflection point next week as the Federal Reserve is expected to deliver what may be the final rate hike of its most aggressive monetary policy tightening cycle in decades. As the year began, many investors expected higher interest rates to bring on …
By Kailyn Rhone and Arriana McLymore NEW YORK (Reuters) – It is Barbie’s world, and U.S. small businesses hope their social-media marketing can help them cash in on it. From Malibu makeovers to striped dog bandanas to hot pink cocktails, many small business owners have latched on to Barbie-inspired products to get more eyes on …
By Nelson Acosta HAVANA (Reuters) – Cuba’s economic growth is less than 2% this year and remains 8 percentage points below pre-pandemic levels, while production in sectors such as agriculture, mining and manufacturing was further behind, Economy Minister Alejandro Gil said on Saturday. Speaking before the country’s parliament, Gil said the primary sector, which includes …
Cuban economy minister says no quick fix to devastating crisis Read More »
By Rachel Nostrant and Julia Harte (Reuters) – Matthew Keith bought his first Barbie dolls in the 1970s using his allowance money, hiding them from his parents for fear they would say the toys were not masculine enough. Today, 22 feet of bookshelves in his Los Angeles home are filled with his Barbie collection, worth …
‘Barbie’ movie revives interest in doll collectors’ market Read More »
(Reuters) – CME Group, the world’s largest derivatives exchange, eliminated about 100 positions, or 3% of its workforce, this week while reallocating some positions, a spokesperson said on Friday. “The company plans to reallocate the majority of those positions to new, cloud-focused technology roles,” the spokesperson said in an emailed statement, adding that the overall …
CME Group to lay off 3% of its workforce, reallocate positions Read More »
By Elena Fabrichnaya, Alexander Marrow and Vladimir Soldatkin MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by a greater-than-expected 100 basis points to 8.5% on Friday, raising the cost of borrowing as the weak rouble added to inflation pressure from a tight labour market and strong consumer demand. It was the first time …
Russian central bank surprises with sharper-than-expected rate hike to 8.5% Read More »
