By Krystal Hu NEW YORK (Reuters) – Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc shares as soon as he heard that Elon Musk had become the social media company’s largest shareholder. The 25-year-old retail worker from Reading, Britain bought into Twitter on Monday after shares surged 27% on news of Musk’s …
Analysis-Musk’s Twitter bet gins up meme stock hype Read More »
(Reuters) – Disruptive Technology Solutions LLC and affiliated funds have filed a demand for arbitration against Wall Street bank Morgan Stanley with the Financial Industry Regulatory Authority, the Wall Street Journal reported, citing a copy of the letter it had reviewed. The investment bank is at the center of an investigation into whether Wall Street …
Investment firm files demand for arbitration against Morgan Stanley – WSJ Read More »
By Krystal Hu, Chibuike Oguh and Anirban Sen (Reuters) -When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc last month, it skipped banks and went directly to private equity lenders including Blackstone Inc and Apollo Global Management Inc. Within eight days, Thoma Bravo secured a …
With capital markets jittery, private equity pounces to finance tech buyouts Read More »
(Reuters) – Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday. More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost …
Global insurers plan to ramp up private equity investments Read More »
(Reuters) – Citigroup Inc on Monday named Tony Osmond as chair of its Banking, Capital Markets and Advisory (BCMA) unit in Australia and New Zealand, and Alex Cartel to be the unit’s head, as the U.S. bank focuses on strengthening its institutional business. The appointments also come as Citi looks to execute a global overhaul …
Citi names M&A specialists to lead Australia, New Zealand advisory unit Read More »
By Ross Kerber (Reuters) – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow’s invasion of Ukraine, but urged executives to take care to avoid causing unintended harm to employees, political dissidents or consumers. In a statement to be …
Investors warn of unintended consequences as companies cut Russian ties Read More »
NEW YORK (Reuters) -Wells Fargo & Co and Bank of America each pledged on Wednesday to donate $1 million to the American Red Cross and other non-profit groups that are helping Ukraine and refugees fleeing invasion by Russia. Their pledges follow a raft of similar announcements made by U.S. and European companies that have begun …
By David Henry and Noor Zainab Hussain NEW YORK (Reuters) -Citigroup Inc unveiled a raft of new targets as it laid out its strategy for the next three to five years on Wednesday, but analysts remained skeptical about whether it can successfully execute the plan. The bank set new profitability targets and gave detail on …
Citigroup sets new targets; analysts remain skeptical Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Investment firm Donerail Group has abandoned plans to buy gaming equipment company Turtle Beach Corp and is instead seeking to oust all of its six board members including its CEO, according to a letter seen by Reuters. Donerail, which owns a 7.4% stake in Turtle Beach, initially called on …
Donerail drops plan to buy Turtle Beach, instead seeks to oust board -letter Read More »
By Ross Kerber (Reuters) – Connecticut Treasurer Shawn Wooden on Tuesday will direct state pension funds to sell Russian assets, one of the most direct steps by a U.S. pension official to date in response to Moscow’s invasion of Ukraine. In a statement sent by a spokesperson, Wooden said the sales were needed both for …
Exclusive-Connecticut treasurer orders pension funds to divest Russian assets Read More »
