(Reuters) – A U.S. court on Wednesday denied AMC Entertainment Holdings Inc’s request to lift a status quo order, which was necessary to proceed with the conversion of the company’s preferred stock into common shares. “The parties offer no good cause to lift the status quo order,” Delaware Chancery Court judge Morgan Zurn wrote in …
U.S. court denies AMC’s request for speedier stock conversion Read More »
By Elizabeth Howcroft LONDON (Reuters) – The collapse of crypto exchange FTX and its grant-making body, the FTX Future Fund, has left some researchers at top universities without the funds they were promised and others trying to repay grants before they could be ordered to. Launched in February 2022, the FTX Future Fund was part …
Collapse of FTX deprives academics of grants, stokes fears of forced repayment Read More »
DUBLIN (Reuters) – Aircraft leasing company Avolon on Thursday said the reopening of China after it eased strict COVID-19 rules has boosted levels of leasing and trading activity. The company added three customers in the first quarter for a total of 147 airlines and executed 31 lease transactions, it said in a business update. “The …
Avolon CEO says Q1 business boosted by China reopening Read More »
By Vera Eckert WILHELMSHAVEN, Germany (Reuters) – Germany’s only deep water port, home to its largest naval base, is where energy firms now plan to spend more than $5.5 billion to help construct the clean energy infrastructure the country needs to help end its reliance on Russian gas. Europe’s leading industrial exporter has only just …
Energy firms bet big on German port as clean energy hub Read More »
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and Silicon Valley Bank. The face values of the two portfolios are about $27 billion and $87 billion, the regulator said in a statement …
FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale Read More »
LOS ANGELES (Reuters) – Michael Paull, the head of Walt Disney Co’s streaming entertainment unit, is leaving the company after six years under an ongoing restructuring by Chief Executive Bob Iger, a Disney statement said on Wednesday. Joe Earley, the current president of Hulu, will take over as president of streaming for Disney Entertainment, the …
Disney’s streaming chief to exit under company revamp Read More »
(Reuters) – AbbVie Inc said on Wednesday it expects first-quarter earnings to be hit by acquired in-process research and development (IPR&D) and milestones expenses. The company expects first-quarter adjusted earnings, including the impact of acquired IPR&D and milestones expense, to be between $2.31 per share and $2.41 per share. (Reporting by Arunima Kumar in Bengaluru; …
MEXICO CITY (Reuters) -Mexico’s annual inflation slowed in March by more than expected to 6.85%, the lowest rate in nearly 1-1/2 years, although core price pressures remained elevated, data from national statistics agency INEGI showed on Wednesday. The March reading was the lowest since October 2021, and came in slightly below the consensus forecast of …
Rising consumer prices in Mexico eased to a 17-month low in March Read More »
By Svea Herbst-Bayliss and Makiko Yamazaki NEW YORK/TOKYO (Reuters) -Additional shareholders in Seven & i Holdings are pushing the company to spin off its 7-Eleven convenience store chain and want new directors on the board as investor frustration with its conglomerate structure intensifies. Conglomerates are seen offering rich pickings for investor activists in Japan, which …
Investor pressure builds for Seven & i shake-up, including 7-Eleven spin off Read More »
By Noel Randewich and Ankika Biswas (Reuters) – The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve’s rapid interest rate hikes might tip the U.S. economy into a recession. Nvidia Corp dropped 2.1% and was among the stocks …
S&P 500 ends lower as recession fears take center stage Read More »
