With Tesla Inc. TSLA, -0.12% stock heading north —despite some pit stops — some new retail investors might be itching to go along for the ride on a stock. The stock has more than doubled (an increase of 123%) over the past three months. In fact, the Silicon Valley electric-carRead More →
© Reuters. MTU Aero expects Boeing to offer two engines for 737 successor FRANKFURT (Reuters) – German aircraft engine maker MTU Aero Engines (DE:) expects Boeing (N:) to offer two jet engines for the successor model to its 737 plane, its chief executive told a weekly paper, adding this couldRead More →
© Reuters. Indonesia to offer more airport management projects to foreign firms in 2020 JAKARTA (Reuters) – Indonesia next year will offer more airport management projects to foreign investors after awarding its first to a foreign company on Thursday, the transportation minister said. The country handed over development and operatorshipRead More →
By Kanishka Singh (Reuters) – PG&E Corp’s (N:) creditors have sweetened their offer to California wildfire victims, saying they are now prepared to pay $13.5 billion in cash upfront, according to a letter sent on Friday to state governor Gavin Newsom. Current terms of the settlement deal, approved by aRead More →
© Reuters. FILE PHOTO: A logo of Tesla Motors on an electric car model is seen outside a showroom in New York (Reuters) – Shares of Tesla Inc (O:) hit a fresh record high for the third straight session on Friday, and were just $7 shy from the $420 perRead More →
The widely publicized family feuds surrounding the estates of Tom Petty, Aretha Franklin, Prince and other celebrities vividly illustrate why estate planning is essential to provide for the people and things you care about most, even if you’re not a rock star. While celebrity cases may make headlines, the angst,Read More →
Takeaway.com N.V. said Thursday that it has received acceptances from Just Eat PLC shareholders owning 13.53% of the U.K. company’s issued share capital, and extended its offer to Dec. 27. The Dutch food-delivery company TKWY, +1.57% , which is fighting off Prosus N.V. PRX, +0.90% for control of itsRead 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 →
By Greg Roumeliotis and Anirban Sen NEW YORK/BANGALORE (Reuters) – SoftBank Group Corp (T:) will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company’s cofounder Adam Neumann, two people familiar withRead More →
© Reuters. FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise (Reuters) – Bankrupt California power producer PG&E Corp is offering $13.5 billion in compensation to wildfire victims as part of a restructuring plan, Bloomberg reported on Monday, citing people with knowledgeRead More →
(Bloomberg) — Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from Nov. 17. It left potential buyers in the dark about the size of the stake it plans to sell and the pricing range. The Saudi stock exchange rules prohibits the oil giantRead More →
RIO DE JANEIRO (Reuters) – The board of Brazilian state-run power firm Eletrobras has approved an extraordinary shareholders meeting to decide upon a capital increase of 9.99 billion reais ($2.42 billion) via a follow-on share offering, the firm said on Monday. In a securities filing, Centrais Eletricas Brasileiras SA (SA:),Read 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 →
ROME (Reuters) – Italian Industry Minister Stefano Patuanelli said on Tuesday he believed a binding offer for struggling airline Alitalia could be presented by an Oct. 15 deadline, saying the date would not be shifted again. Italian state-owned railway group Ferrovie dello Stato, U.S. airline Delta (N:) and infrastructure groupRead More →
© Reuters. The GM logo is seen at the General Motors plant in Sao Jose dos Campos By David Shepardson and Joseph White (Reuters) – The United Auto Workers union said on Tuesday it rejected a new comprehensive offer made by General Motors Co (N:) to end a two-week-old strike,Read More →
ZURICH (Reuters) – Roche Holding (S:) and Spark Therapeutics (O:) announced on Tuesday another extension of the Swiss drugmaker’s $4.3 billion takeover offer for the U.S. gene therapy specialist as regulatory reviews continue. The offer for Spark shares now runs to Oct. 1, Roche said. Around 24.1% of Spark’s outstandingRead More →
Getty Images Want a safety net in this turbulent time in the markets? You’ve heard of defined-contribution and defined-benefit retirement plans. Get ready for defined-outcome investing. The “outcomes” that these plans claim to define have some limits: they can’t predict the winning lottery number, get your child into college, orRead More →
© Reuters. FILE PHOTO: Logo of lamp manufacturer Osram is pictured during opening of ‘World of light’ showroom in Munich By Kirsti Knolle VIENNA (Reuters) – Osram (DE:) said on Monday it would consider a takeover by Austrian sensor maker AMS (S:) that trumps a competing bid by Bain andRead More →
Commit to something else. Gyms are sprinting at the opportunity to sign up new members after news broke that Equinox owner, billionaire Stephen Ross, is planning a fundraiser for President Donald Trump on Friday in Southampton, N.Y. The fundraiser, first reported by The Washington Post, has prompted many to boycottRead More →
Forget “last mile,” Walmart Inc. is taking delivery to the last few inches. The retail giant announced Friday a new service that will deliver groceries not just to customers’ homes, but to their fridge, even when they’re not home. Walmart InHome delivery will launch in the fall in three markets:Read More →
© Reuters. FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice By Laurence Frost PARIS (Reuters) – Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault (PA:), calling off what would have been a landmark deal to create the world’sRead More →
© Reuters. FILE PHOTO: A worker cleans behind Etihad airlines counters at JFK International Airport in New York DUBAI (Reuters) – Abu Dhabi’s Etihad Airways will offer wirelessly streamed movies and television shows to passengers on mainly short-haul flights as it removes entertainment screens from its Airbus A320 narrow-body fleet.Read More →
These parents are going to great lengths to ensure their kids are happy campers. It’s the most stressful time of the year for parents struggling to get their kids into summer camps, many of which are already at capacity. Camp counselors say they’ve seen parents act their most desperate duringRead More →
The biggest meat producer in the U.S. is going meatless. Tyson Foods, the maker of hot dogs, steak strips, and chicken nuggets, announced last week it plans to debut a vegan protein this year, marking its foray into the plant-based meat market as the demand for vegan options reaches anRead More →
© Reuters. China’s Hebei province to offer financial incentives to firms seeking IPOs: paper BEIJING (Reuters) – China’s northern Hebei province will offer financial incentives to companies seeking to raise capital in equity markets, state media reported, in a move coinciding with a renewed push to kickstart financing for projectsRead More →
