By Chris Prentice and Michelle Price WASHINGTON (Reuters) – A U.S. accounting watchdog found unacceptable deficiencies in audits of U.S.-listed Chinese companies performed by KPMG in China and P[...]
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May 10, 2023
Beyond Meat expects sharper growth in second half, posts smaller loss
By Ananya Mariam Rajesh (Reuters) -Beyond Meat said on Wednesday it expects sharper revenue growth in the second half of 2023 after reporting a smaller-than-expected quarterly loss on easing supply ch[...]
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Bittrex approved to borrow $7 million bankruptcy loan in bitcoin
By Dietrich Knauth (Reuters) – Bankrupt cryptocurrency exchange Bittrex Inc received court permission Wednesday to borrow $7 million in bitcoin to fund the start of its Chapter 11 case. Seattle-[...]
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Robinhood jumps in extended trade after rev beat, 24-hour trading announcement
By Stephen Culp NEW YORK (Reuters) – Shares of Robinhood Markets Inc were last up 2.4% in extended trading after the company beat quarterly revenue forecasts and confirmed it would launch 24-hou[...]
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US bankruptcy judge blocks NBA team Phoenix Suns’ new TV deal
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Wednesday blocked the NBA’s Phoenix Suns from moving ahead with a television and streaming rights deal for its basketball[...]
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Marketmind: Seeking signs of life in Chinese inflation
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Wall Street and world markets cheered below-consensus U.S. inflation on Wednesday, but they may not be[...]
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Bank of America opens Luxembourg branch in Europe funds push
LONDON (Reuters) – Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxembourg branch as the U.S. lender seeks to grow its business in Euro[...]
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Lufthansa suffers blow as EU court backs Ryanair challenge against bailout
By Foo Yun Chee and Ilona Wissenbach BRUSSELS (Reuters) – Lufthansa suffered a setback on Wednesday after Europe’s second-highest court sided with Ryanair and annulled a European Union com[...]
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Altria agrees to $235 million settlement to resolve Juul-related cases
By Ananya Mariam Rajesh and Brendan Pierson (Reuters) -Altria Group Inc said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic thr[...]
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