By John McCrank, Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -Volatility and market uncertainty have taken a big hit on the number of companies going public, driving down initial public offering proceeds by 93% this year, Lynn Martin, president of the New York Stock Exchange said on Wednesday. “There is a lot of uncertainty …
NYSE president says IPO proceeds fall more than 90% Read More »
PARIS (Reuters) – European planemaker Airbus announced on Wednesday a partnership with French carmaker Renault to develop a new generation of electric batteries for cars and planes. Engineering teams from both companies will join forces to mature technologies related to energy storage, one of the main roadblocks for the development of long-range electric vehicles, Airbus …
Renault-Airbus partnership to develop new generation of electric batteries Read More »
SINGAPORE (Reuters) -The U.S. Securities and Exchange Commission has yet to approve any spot bitcoin exchange-traded fund (ETF) listings to date, the regulator’s commissioner Mark Uyeda said at the sidelines of a forum in Singapore on Wednesday. “We’ve had a number of applications … none of those have been approved to date,” said Uyeda, who …
No spot bitcoin ETFs approved so far – U.S. SEC official Read More »
(Reuters) – Foot Locker Inc said on Tuesday finance chief Andrew Page will move out of his role to pursue other opportunities following the company’s fourth quarter 2022 earnings. The footwear retailer said it was initiating a search to identify Page’s successor. (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh Kuber)
By Shreyashi Sanyal and Noel Randewich (Reuters) – The S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by U.S. Federal Reserve Chair Jerome Powell that could provide hints about magnitude of future interest rate hikes. Investors also focused on recent protests against COVID-19 curbs in China, …
S&P 500 ends down as Apple dips and traders eye Powell speech Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. passenger railroad Amtrak said ridership jumped by more than 10 million riders in the year ending Sept. 30 and has nearly returned to pre-COVID-19 levels. Amtrak said ridership rose 89% over 2021 levels to 22.9 million riders — up 10.8 million passengers over the prior year. Overall ridership hit …
U.S. passenger railroad Amtrak ridership jumps by 10 million riders Read More »
By Supantha Mukherjee and Martin Coulter LONDON (Reuters) – Elon Musk’s declaration of war on Apple in a series of tweets on Monday gives Spotify and Fortnite maker Epic Games a powerful ally in taking the tech giant to task over its 30% App Store fees. Musk criticized the fee Apple charges software developers for …
Spotify, Epic Games get ally in Musk in fight against Apple fees Read More »
(Reuters) -AMC Networks said its chief executive officer had stepped down, less than three months after taking over the role, and that it would cut about 20% of its U.S. workforce as it faces industry pressures and a challenging economy. Shares of the cable TV network, home to hit shows such as “Mad Men” and …
AMC Networks CEO exits after brief stint; plans 20% U.S. job cuts Read More »
By Jeffrey Dastin LAS VEGAS (Reuters) -Amazon.com Inc on Tuesday announced software drawing on its retail expertise in an effort to boost sales to businesses and remain the largest cloud-computing provider ahead of Microsoft Corp and Alphabet Inc’s Google. Taking lessons learned over years of delivering online orders to shoppers’ doorsteps, Amazon’s cloud division unveiled …
Amazon unveils supply-chain, cloud services drawing on its retail arm Read More »
By Diana Novak Jones (Reuters) -An employee at the Walmart in Chesapeake, Virginia, where a supervisor fatally shot six people last week, filed a lawsuit on Tuesday against the company, claiming she and others had warned management about the shooter’s behavior and that nothing was done. Donya Prioleau, who is suing Walmart Inc for $50 …
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