Reuters US Money Archives - Page 102 of 109

ISS, Glass Lewis urge Zendesk investors vote against Momentive deal

14 Feb 2022 14 Feb 2022

(In fifth paragraph, corrects description of deal from all cash to all stock.) By Svea Herbst-Bayliss BOSTON (Reuters) – Proxy advisory firms Institutional Shareholder Services and Glass, Lewis & Co on Friday told investors in Zendesk to vote against a planned takeover of Momentive Global, the parent of web-based survey portal SurveyMonkey, arguing the deal …

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Temasek adds stakes in Robinhood, other consumer-focused companies

14 Feb 2022 14 Feb 2022

By David Randall NEW YORK (Reuters) – Singapore state investor Temasek Holdings added new positions in a number of consumer-focused companies during the quarter that ended Dec. 31, including ride-hailing and food delivery company Grab Holdings Ltd, brokerage firm Robinhood Markets Inc and fashion company Rent the Runway Inc, according to securities filings released Monday. …

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Brazil’s Alpargatas announces share offer to pay for Rothy’s acquisition

11 Feb 2022 11 Feb 2022

SAO PAULO (Reuters) – Brazilian shoemaker Alpargatas SA announced a follow-on offering of 37.5 million new common shares and 57.5 million new preferred shares as it looks to raise money to pay for the acquisition of a stake in Rothy’s Inc. At Thursday’s closing price of 26.60 reais per preferred share in Alpargatas, the offering …

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Saudi sovereign fund PIF to buy controlling stake in Depa

11 Feb 2022 11 Feb 2022

DUBAI (Reuters) – The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, will take a controlling stake in interior design and speciality contractor Depa Plc by agreeing to buy 150 million dirhams ($40.84 million) worth of new shares. The deal will allow the PIF to own 55% of the company, but the $480 billion fund …

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Nordic insurer Sampo lifted by strong Q4 earnings

9 Feb 2022 9 Feb 2022

HELSINKI (Reuters) -Finnish financial group Sampo reported stronger than expected fourth quarter earnings on Wednesday boosted by its core insurance operations, sending its share up more than 2%. The pan-Nordic insurer reported a pretax profit of 1.2 billion euros ($1.4 billion), compared with a loss of 675 million in the same quarter a year earlier, …

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Pictet Group’s assets rise 15% to record high in 2021

9 Feb 2022 9 Feb 2022

ZURICH (Reuters) – Assets under management or custody at Pictet Group rose by 15% to a record 698 billion Swiss francs ($755.49 billion) last year amid strong markets and net new money inflows of more than 29 billion francs, the Swiss wealth and asset manager said on Wednesday. Operating income at the Geneva-based group rose …

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Dealer’s choice: How to buy a car now

9 Feb 2022 9 Feb 2022

By Chris Taylor NEW YORK (Reuters) – Justin Soffer always enjoyed the car-buying process, with the typical back-and-forth negotiations that led to good discounts. But seven dealers and three months later, the marketing consultant from the Berkshires emerged shellshocked last year – and a lot lighter in the wallet. Along the way were several scenes …

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Fund wants Guess founders off board amid sexual misconduct allegations – source

8 Feb 2022 8 Feb 2022

BOSTON (Reuters) – An activist investment firm wants Guess? Inc to remove the two brothers who co-founded the retailer, arguing allegations of sexual misconduct against one of them are holding the company back, a source familiar with the matter said on Monday. Legion Partners, which owns 2.5% of Guess, believes co-founders Paul and Maurice Marciano’s …

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Macro funds a rare plus in negative January for hedge funds -HFR

8 Feb 2022 8 Feb 2022

(Reuters) – Macro hedge funds made money in January, data provider HFR said on Monday, bucking the trend of widespread industry losses as markets succumbed to a wave of volatility triggered by high inflation and a steep rise in U.S. interest rate expectations. The HFRI Macro (Total) Index rose 0.85% in the month, led by …

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Bank of America customers made $335 billion in payments in January

7 Feb 2022 7 Feb 2022

NEW YORK (Reuters) -Bank of America said on Monday its customers made $335 billion in total payments in January, a 17% increase over January 2021. Credit and debit card spending was up 16% to $65 billion, with credit card spending up 28%, the bank said. The strong spending figures are good signs for the economy …

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