By Prakhar Srivastava and Arasu Kannagi Basil Dec 8 (Reuters) – Tax advisory firm Andersen Group said on Monday it was targeting a valuation of up to $1.75 billion in its initial public offering in the United States, as it races, among others, to list before the window for fresh flotations closes for the year. …
Tax firm Andersen targets $1.75 billion valuation in year-end US IPO Read More »
(This December 6 story has been repeated with no changes to the text.) By David Shepardson WASHINGTON, Dec 6 (Reuters) – The Trump administration said Saturday it will waive an $11 million fine imposed on Southwest Airlines as part of a $140 million settlement over the carrier’s meltdown in December 2022 during a busy holiday …
US waives $11 million Southwest Airlines fine imposed over 2022 holiday meltdown Read More »
Dec 8 (Reuters) – Oppenheimer Asset Management on Monday set a year-end 2026 target of 8,100 for the S&P 500 index, the most bullish forecast among major Wall Street brokerages, citing expectations of strong corporate earnings and continued resilience in the U.S. economy. The target implies an 18% upside to the S&P 500’s last close …
Oppenheimer sets Street-high 8,100 S&P 500 target for 2026 Read More »
Dec 8 (Reuters) – Oppenheimer Asset Management on Monday set a year-end 2026 target of 8,100 for the S&P 500 index, the most bullish forecast among major Wall Street brokerages, citing expectations of strong corporate earnings and continued resilience in the U.S. economy. The target implies an 18% upside to the S&P 500’s last close …
Oppenheimer sets Street-high 8,100 S&P 500 target for 2026 Read More »
Dec 8 (Reuters) – Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery <WBD.O, as it looks to scupper the Hollywood studio’s deal with Netflix, in a last-ditch effort to create a media powerhouse that would challenge the dominance of the streaming giant. EMARKETER SENIOR ANALYST ROSS BENES: “The …
Instant View: Paramount makes $108.4 billion hostile bid for Warner Bros Discovery Read More »
Dec 8 (Reuters) – Wall Street’s main indexes opened modestly higher on Monday as investors priced in expectations that the Federal Reserve will deliver a long-awaited rate cut later this week in a meeting that is shaping up to be one of the most divisive in years. The Dow Jones Industrial Average rose 16.5 points, …
U.S. stocks open higher as investors await Fed rate cut decision Read More »
Dec 8 (Reuters) – Mirum Pharmaceuticals said on Monday it will acquire Bluejay Therapeutics in a deal worth up to $820 million, adding a late-stage experimental drug for a severe liver disease to its portfolio. Under the agreement, Mirum will pay $250 million in cash and $370 million in stock upfront, plus up to $200 …
Mirum Pharma to buy Bluejay Therapeutics for up to $820 million Read More »
By Colleen Howe BEIJING, Dec 8 (Reuters) – Chinese firms have committed some $80 billion in clean technology investments overseas over the past year as they sought new markets to absorb a supply glut, according to a report by Australian research group Climate Energy Finance (CEF). Many countries also deepened their cleantech cooperation with China …
China funnelled $80 billion into overseas cleantech in past year, report says Read More »
SYDNEY, Dec 8 (Reuters) – Australia is expected to announce on Tuesday it will sign a A$1 billion ($663.30 million) contract with Boeing Australia to move the Ghost Bat air drone into production, buying an initial six of the collaborative combat aircraft, the Sydney Morning Herald reported. A developmental aircraft designed by Boeing Australia, the …
NEW YORK, Dec 8 (Reuters) – Huntington Bancshares will cut some jobs at Texas-based Cadence Bank after its $7.4 billion acquisition, which expands the Ohio lender’s presence in what it sees as one of the three most attractive U.S. markets, Huntington’s chief executive said. Huntington, based in Columbus, Ohio, did not disclose the number of …
Huntington to trim Cadence staff after acquisition, CEO says Read More »
