Dec 2 (Reuters) – Venezuelan Vice President and Oil Minister Delcy Rodriguez said on Tuesday the South American country rejects the ‘fraudulent’ and ‘forced’ sale of the parent company of refiner Citgo Petroleum in a legal process in the United States, after the sale was authorized by a U.S. judge last week. “We energetically reject …
Venezuela rejects sale of Citgo’s parent, vice president says Read More »
By Medha Singh Dec 2 (Reuters) – Leveraged exchange‑traded funds (ETFs) linked to bitcoin hoarder Strategy are among the biggest casualties of this year’s crypto slump, as falling bitcoin price battered shares of the largest corporate holder of the token. The T‑Rex 2X Long MSTR Daily Target ETF and Defiance Daily Target 2x Long MSTR …
Strategy’s leveraged ETFs hit hard by crypto slump Read More »
By Douglas Gillison and Ross Kerber NEW YORK / BOSTON, Dec 2 (Reuters) – Wall Street’s chief regulator said on Tuesday the U.S. Securities and Exchange Commission should reform rules requiring disclosure of executive compensation and move to reduce the legal burdens facing smaller companies. In an address at the New York Stock Exchange billed …
US SEC chief calls for redo of executive compensation disclosure rules Read More »
Dec 1 (Reuters) – Warner Bros Discovery has received a second round of bids, including a mostly cash offer from Netflix, in an auction that could conclude in the coming days or weeks, a source familiar with the matter told Reuters on Monday. Bankers for Paramount Skydance, Comcast and Netflix worked over the weekend on …
Warner Bros Discovery gets mostly cash offer from Netflix, source says Read More »
Dec 2 (Reuters) – Low-cost U.S. carrier JetBlue Airways said on Tuesday it had completed the required software updates on its A320 and A321 fleet, in relation to Airbus’ recall of the same last week, and had resumed normal operations. JetBlue joins dozens of airlines from Asia to the U.S. that have carried out a …
JetBlue resumes operations after Airbus software modifications, flags capacity impact Read More »
Dec 2 (Reuters) – Lumexa Imaging is aiming for a valuation of more than $1.89 billion in its U.S. initial public offering, the Welsh, Carson, Anderson & Stowe-backed company said on Tuesday. Private equity sponsors are sitting on a record backlog of companies primed to go public, as soaring equity markets and falling interest rates …
Lumexa Imaging targets up to $1.89 billion valuation in US IPO Read More »
By Scott Murdoch and Christine Chen SYDNEY, Dec 2 (Reuters) – A second influential proxy adviser has recommended institutional investors vote against re-electing Westpac non-executive director Peter Nash, citing his six-year stint on the board of the troubled Australian Securities Exchange (ASX). CGI Glass Lewis said in a new report on Tuesday that investors should …
Second proxy adviser calls for vote against Westpac director over ASX stint Read More »
By Prakhar Srivastava Dec 2 (Reuters) – Automated digital wealth management firm Wealthfront is targeting a valuation of up to $2.05 billion in its U.S. initial public offering, it said on Tuesday, becoming the latest to test a trend of strong investor appetite for fintech listings. The Palo Alto, California-based company plans to raise as …
Fintech firm Wealthfront seeks up to $2.05 billion valuation in US IPO Read More »
By Jonathan Stempel NEW YORK, Dec 2 (Reuters) – CVS Health will pay $37.76 million to settle allegations it dispensed too many insulin pens to patients, and then obtained improper reimbursements from Medicare, Medicaid and other government healthcare programs, U.S. Attorney Jay Clayton in Manhattan said on Tuesday. The settlement resolves charges that CVS violated …
CVS to pay $37.8 million to settle claims over insulin pens Read More »
By Suzanne McGee (Reuters) -The U.S. Securities and Exchange Commission cleared the way for Dimensional Fund Advisors to launch an exchange-traded fund share class on 13 of its existing mutual funds, according to a notice on the regulator’s website late on Monday afternoon. This removes the last remaining hurdle facing DFA in its bid to …
SEC approves Dimensional Fund Advisors launch of ETF share class for 13 mutual funds Read More »
