© Reuters. FILE PHOTO: A man walks past the Wirecard booth at the computer games fair Gamescom in Cologne, Germany (Reuters) – Wirecard North America Inc, a unit of German payments company Wirecard AG (DE:), on Monday said it has put itself up for sale, days after the troubled parentRead More →
Chinese Bitcoin (BTC) miner manufacturer Ebang will reportedly be listed on Nasdaq Global Market under the ticker EBON later this week, becoming the second crypto mining company to go public in the United States. According to a report from Chinese crypto news outlet Blockbeats, Ebang will be officially listed onRead More →
2/2 © Reuters. FILE PHOTO: Traffic and people pass by the front of the Unilever building in central London 2/2 By Siddharth Cavale and Martinne Geller (Reuters) – Unilever (NYSE:) proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years afterRead More →
© Reuters. Airplanes of German carrier Lufthansa are parked at the Berlin Schoenefeld airport By Ludwig Burger FRANKFURT (Reuters) – Lufthansa vowed to step up up restructuring measures after posting a first-quarter net loss of 2.1 billion euros ($2.35 billion), days after agreeing a state bail-out amid the fallout fromRead More →
By Davide Barbuscia and Saeed Azhar DUBAI (Reuters) – Citi (N:) and Deutsche Bank (DE:) have started talks with other banks to sell roughly $9 billion in debt Dubai raised to take full control of DP World (DI:) and refinance borrowings of Dubai World, sources familiar with the matter saidRead More →
After GoPro Inc., the developer of action cameras, went public in 2014, its revenue peaked in 2015 at $1.6 billion. In the four years since then, GoPro investors have never seen sales get back to those levels, and its stock price has fallen about 88% from its market debut. OnRead More →
Julio Cortez Matt King, chief executive officer for FanDuel. MIAMI — FanDuel CEO Matt King has lived in New York for so long that he “forgot what the sun looked like,” but he got a reminder during his trip to watch Super Bowl 54 in Miami, where 72 and sunnyRead More →
© Reuters. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha By Jonathan Stempel (Reuters) – The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s BerkshireRead More →
WASHINGTON (Reuters) – The chair of the U.S. House of Representatives antitrust subcommittee pressed top regulators on Tuesday over merger decisions, including the Justice Department’s approval of T-Mobile US Inc’s (O:) proposed purchase of Sprint Corp (N:). Congressman David Cicilline raised antitrust questions as activists and Democratic presidential candidates areRead More →
© Reuters. Blake Mycoskie prepares to start the second round of the Pebble Beach National Pro-Am By Greg Roumeliotis (Reuters) – TOMS Shoes LLC’s creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt, according to a company letter sent to employees on FridayRead More →
BEIJING (Reuters) – China Southern (NYSE:) Air Holding, the parent of China Southern Airlines (SS:), has set up a cargo company with registered capital of 1 billion yuan ($143 million), as it looks to consolidate its air cargo assets through state-led reforms. The move from December 24 was disclosed byRead More →
© Reuters. FILE PHOTO: A Gecamines copper mine in Lubumbashi, Democratic Republic of Congo KINSHASA (Reuters) – Congolese prosecutors are investigating a 200-million-euro ($222 million) line of credit issued to state mining company Gecamines by a company owned by Israeli billionaire Dan Gertler, who is under U.S. sanctions, Gecamines saidRead More →
WASHINGTON (Reuters) – Boeing (NYSE:) Co’s Starliner astronaut spacecraft landed in the New Mexico desert on Sunday, the company said, after faulty software forced officials to cut short an unmanned mission aimed at taking it to the International Space Station. The 7:58 a.m. ET (1258 GMT) landing in New Mexico’sRead More →
The private equity buyers of Inmarsat refused to bow to shareholder pressure and increase their $3.4bn bid for the U.K. satellite company on Monday, just one day before a scheduled court hearing to approve the deal. The buyout consortium, which includes Apax Partners, Warburg Pincus, Canada Pension Plan Investment BoardRead More →
The Netherlands chapter of The Internet Society has hit out against the sale of the .org domain to private equity firm Ethos Capital, over concerns that it will lead to censorship and increased prices. Earlier this month, The Internet Society (ISOC) – a U.S. non-profit which oversees internet standards –Read More →
(Reuters) – McDonald’s Corp (N:) said on Sunday that Chief Executive Steve Easterbrook was leaving the company, effective immediately, after a recent consensual relationship with an employee. The company said in a statement the board had determined that Easterbrook “violated company policy and demonstrated poor judgment involving a recent consensualRead More →
© Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq By Saeed Azhar and Davide Barbuscia DUBAI (Reuters) – Saudi Arabia’s state oil company kick-started its initial public offering (IPO) on Sunday, announcing its intention to list on the domestic bourse as theRead More →
LAGUNA BEACH, Calif. — For Aicha Evans, the road to a “robo-taxi” is as much a journey to culture-shifting change as it is for leadership in a multibillion-dollar industry. “We want to make a profound impact in how we live as a society,” says Evans, the former Intel Corp. INTC,Read More →
© Reuters. The logo of Teva Pharmaceutical Industries is seen during a news conference in Tel Aviv By Nate Raymond (Reuters) – The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolveRead More →
SmileDirectClub Inc. shares tumbled anew on Thursday, after the company filed a lawsuit against the California Dental Board and individual members, claiming that they attempted to intimidate its staff and customers in a series of raids on SmileShops across the state. The suit, filed on behalf of Dr. Jeffrey Sulitzer,Read More →
Netflix critics see mountains of debt and bleeding free cash flow. Opportunists see a company with the world’s best track record for beating the odds in disrupting traditional media. For investors, it could be a costly mistake to be on the wrong side of that debate if Netflix’s stock priceRead More →
Technogym is set to make its foray into streaming-online-fitness classes via digital platforms on its machines — putting the company on a collision course with the popular Peloton Interactive. The Milan-listed athletic-equipment outfit, characterized by some as the Netflix NFLX, +0.87% of fitness, is reinventing itself, in an effort toRead More →
© Reuters. FILE PHOTO: Neumann, CEO of WeWork, speaks to guests during the TechCrunch Disrupt event in Manhattan, in New York City By Joshua Franklin and Greg Roumeliotis NEW YORK (Reuters) – WeWork co-founder Adam Neumann has started talks with board directors and investors to discuss his future role, includingRead More →
(Reuters) – OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents. In addition to seeking a pause in widespreadRead More →
Office space-sharing company WeWork moved one step closer to the public markets on Wednesday, when it filed the paperwork for parent The We Company’s initial public offering, giving investors a more detailed look at its business. The company WE, +0.00%, which filed confidentially for an IPO last year, said itRead More →
