The biggest U.S. dairy farming cooperative struck a $425 million deal to buy dozens of plants from bankrupt milk processor Dean Foods Co., in a deal executives said would preserve jobs and markets for farmers’ milk. The deal, which was proposed by Dairy Farmers of America, requires approval of theRead More →
A monthlong bout of coronavirus has ravished China, claiming hundreds of lives and sickening thousands but the Asian influenza also has infected the stock market and other assets, chilling bullish sentiment for the moment and stoking uncertainty at a period of lofty valuations. Here are some of the assets andRead More →
By Svea Herbst-Bayliss BOSTON (Reuters) – Activist hedge fund Marcato Capital Management, backed by Blackstone Group (N:) and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday. Richard McGuire, the firm’s founder and portfolio manager, began telling investors ofRead More →
BERLIN (Reuters) – The financial transaction tax on share dealing that 10 European countries hope to introduce from 2021 could be extended to cover trading in riskier assets, German finance minister Olaf Scholz said. Scholz’s plan for a tax of 0.2% of the transaction value of purchases of shares inRead More →
© Reuters. ETFs That Echo Hedge Funds Are Set to Double Assets, Report Says (Bloomberg) — A relatively new category of exchange-traded fund is poised to hit it big, according to Greenwich Associates. Institutional investment in so-called liquid alternative ETFs — including products that seek to mirror hedge funds —Read More →
© Reuters. The company logo for Oracle Corp. is displayed on a screen on the floor at the NYSE in New York By Sheila Dang and Neha Malara (Reuters) – AT&T Inc (N:) on Monday unveiled a three-year strategic plan that included adding two new board members, selling off upRead More →
© Reuters. A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise By Shanti S Nair (Reuters) – PG&E Corp rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company’s power lines and other infrastructure within the city, calling the offer inadequate.Read More →
© Reuters. A man is reflected on a stock quotation board outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Global stocks tumbled and the safe haven yen and Swiss franc gained in early Asian trade on Thursday, on signs Washington and Beijing were still wide apart onRead More →
© Reuters. FILE PHOTO: Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro (Reuters) – U.S. energy giant Exxon Mobil Corp (NYSE:) is considering a sale of its Malaysian upstream offshore assets for up to $3 billion, BloombergRead More →
© Reuters. The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City By Supantha Mukherjee (Reuters) – AT&T Inc (N:) shareholder Elliott Management Corp on Monday called for the wireless carrier to sell some of its non-core businesses and cut costs in an effort to return moreRead More →
Getty Images A man is seen leaving the US headquarters of Deutsche Bank on July 8, 2019 in New York City. AFP/Getty Images Deutsche Bank created over the years a whopping $53.5 trillion (€48 trillion) book of derivatives contracts that it now is seeking to unload, but experts say gettingRead More →
© Reuters. Exclusive: UAE’s Dana Gas hires adviser to sell Egypt assets By Clara Denina and Davide Barbuscia LONDON/DUBAI (Reuters) – United Arab Emirates’ Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets, worth over $500 million,Read More →
© Reuters. Neil Woodford is seen in this undated handout picture By Simon Jessop, Carolyn Cohn and Muvija M LONDON (Reuters) – Trading in Neil Woodford’s 3.7 billion pound ($4.69 billion) Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of the illiquidRead More →
© Reuters. Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro OSLO (Reuters) – Exxon Mobil (NYSE:) is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.Read More →
© Reuters. US money market assets increased in latest week-iMoneyNet NEW YORK, May 29 (Reuters) – U.S. money market fund assets increased by $17.26 billion to $3.110 trillion in the week ended May 28, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $18.95 billionRead More →
A little post-Christmas love from Santa Claus to end 2018 won’t be enough to turn the tide for an ugly December and a brutal 2018 that cut across a broad swath of Wall Street, ranging from stocks to commodities. Indeed, while investors had spent much of the long-running bull marketRead More →
