(Reuters) -Private equity firm Lone Star said on Friday its cash proposal to buy Bank of Cyprus Holdings PLC was rejected by the lender’s board. Shares in the Cyprus-based firm, which are up about 11% so far this year, closed at around 1.14 euros on Thursday. Bank of Cyprus currently has a market cap of …
Bank of Cyprus rejects Lone Star’s takeover proposal Read More »
By David Shepardson WASHINGTON (Reuters) – The White House is ramping up efforts to tout the $1 trillion bipartisan infrastructure bill and the effort to refurbish roads, bridges and airports and reduce emissions. U.S. Transportation Secretary Pete Buttigieg will go on a four-day, six-state tour starting Tuesday, visiting Florida, Oklahoma, Minnesota, Ohio, Nevada and New …
Biden administration touts $1 trillion infrastructure bill Read More »
By Rachael Levy (Reuters) – Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter. Musk reached out to Synchron’s founder and chief executive, Thomas …
Musk approaches brain chip startup Synchron about deal amid Neuralink delays -sources Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&P 500 posting losses for the week after four straight weeks of gains. Amazon.com, Apple and Microsoft all fell and were the biggest drags on the S&P 500 and …
Wall Street ends down as yields rise; indexes post weekly losses Read More »
By Jonathan Stempel and Sabrina Valle (Reuters) -A U.S. energy regulator on Friday gave Berkshire Hathaway Inc, the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp’s common stock. Occidental’s share price soared 9.9%, closing up $6.41 at $71.29, after the Federal Energy Regulatory Commission (FERC) …
Buffett’s Berkshire Hathaway wins OK to buy 50% Occidental stake Read More »
(Reuters) -General Motors Co said on Friday it would reinstate quarterly dividend payouts, suggesting the automaker was confident it was past the worst risks from the pandemic and the economic turbulence of the past several months. The automaker had suspended dividend payments and share buybacks in April 2020 after the global coronavirus pandemic hit sales …
GM restores quarterly dividend after more than two years Read More »
By Krystal Hu, Svea Herbst-Bayliss and Angelique Chen (Reuters) -Investors flooded social media platforms such as Reddit on Friday with criticism of Ryan Cohen’s sale of his stake in Bed Bath & Beyond Inc, blaming him for helping fuel a meme stock rally only to then walk away with a $60 million profit. The billionaire …
Ryan Cohen’s $60 million Bed Bath u-turn triggers meme stock investor ire Read More »
WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it approved four additional state plans for the State Small Business Credit Initiative worth $750 million, bringing total approvals under the COVID-19 recovery venture capital program to $2.25 billion. The $10 billion SSBCI program aims to address a shortage of capital for new business startups …
U.S. Treasury approves up to $750 million small business capital funds for four states Read More »
(This August 18 corrects to read ‘again’ (not ‘against’), paragraph 4) By Rowena Edwards, Maha El Dahan and Alex Lawler LONDON (Reuters) – Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices, not OPEC, the producer group’s new Secretary General Haitham Al Ghais told Reuters on Thursday. A …
OPEC chief says blame policymakers, lawmakers for oil price rises Read More »
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble firmed to a near four-week high against the dollar in early trade on Friday, supported by month-end tax payments that boost demand for the Russian currency, while shares in fertiliser producer Phosagro surged …
