By Svea Herbst-Bayliss NEW YORK (Reuters) -Starboard Value has nominated four directors, including one of its partners, to the board of BILL Holdings, said two people familiar with the matter, as the activist investor pushes the financial automation software company to improve shareholder returns. Starboard, with an 8.5% stake in BILL Holdings, said in a …
WASHINGTON (Reuters) – A top U.S. banking regulator said Monday it was rolling out new guidance to discourage banks from cutting off, or “debanking,” customers on political and religious grounds, a month after President Donald Trump directed oversight agencies to scrutinize banks for political bias. The Office of the Comptroller of the Currency (OCC) said …
US bank regulator issues guidelines to avert ‘debanking’ Read More »
(Reuters) – Prominent global automakers showcased their latest models at the Munich car show, including new EVs and lower-cost vehicles, as Europe’s auto sector faces crises ranging from tariff hikes to rising costs and rivalry with Chinese firms on their home turf. Here are the announcements by some of the companies: BMW BMW said its …
Factbox-What plans have major automakers announced at the Munich auto show? Read More »
By David Shepardson and Joey Roulette WASHINGTON (Reuters) – Elon Musk’s SpaceX said Monday it will buy wireless spectrum licenses from EchoStar for its Starlink satellite network for about $17 billion, a major deal crucial to expanding Starlink’s nascent 5G connectivity business. The companies also agreed to a deal that will enable EchoStar’s Boost Mobile …
SpaceX buys wireless spectrum from EchoStar in $17 billion deal Read More »
By Michael S. Derby (Reuters) – Americans grew notably less sanguine about the job market in August amid a notable rise in concerns about the ability to get new employment in the event of a job loss, a report from the New York Federal Reserve showed on Monday. The regional Fed bank’s Survey of Consumer Expectations …
US consumers getting more worried about job market, New York Fed says Read More »
(Reuters) – Netskope is seeking a valuation of up to $6.5 billion in its initial public offering in the United States, the cloud-based cybersecurity firm said on Monday, signaling investors’ appetite for new listings. U.S. listings rebounded after an April slump sparked by tariff-driven market volatility, as signs of progress in trade negotiations and demand for …
Cybersecurity firm Netskope eyes up to $6.5 billion valuation in US IPO Read More »
(Reuters) -The U.S. solar industry is at risk of installing 27% less capacity between 2026 and 2030 than before the passage of President Donald Trump’s tax law that rolled back subsidies for such projects, a key trade group said in a report on Monday. WHY IT’S IMPORTANT The forecast by the Solar Energy Industries Association, …
US solar installation forecast slashed due to Trump policies, report says Read More »
By Arasu Kannagi Basil and Nupur Anand (Reuters) – U.S. bank PNC Financial said on Monday it would buy privately-held FirstBank Holding in a $4.1 billion cash-and-stock deal, adding momentum to a long-predicted wave of dealmaking among regional lenders. The deal, which is expected to close in early 2026, will bring PNC closer to $600 …
PNC’s $4.1 billion FirstBank deal adds steam to regional bank M&A Read More »
By Jesús Aguado MADRID (Reuters) – Spanish bank BBVA formally launched on Monday its 14.8 billion euro ($17.34 billion) hostile takeover bid for Sabadell, with some analysts expecting it will have to raise its offer as shares in its smaller rival have surged past the original price. The formal launch of the bid comes 16 …
By Arathy Somasekhar and Georgina McCartney HOUSTON (Reuters) -The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world’s top producer. The …
Analysis-Cuts to US oil jobs and spending threaten output growth Read More »
