By Julie Zhu, Kane Wu and Selena Li (Reuters) -Beijing has asked law firms to tone down the language used to describe China-related business risks in Chinese companies’ offshore listing document[...]
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July 24, 2023
Exclusive-Airbus weighs separate boss for planemaking arm – sources
By Tim Hepher PARIS (Reuters) – Airbus is contemplating a management shake-up that could restore a de facto separate leader for its planemaking business and free CEO Guillaume Faury to tackle br[...]
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FTX’s Bankman-Fried denies witness tampering, accepts gag order
By Mrinmay Dey (Reuters) -Lawyers for FTX founder Sam Bankman-Fried rejected prosecutors’ claims that his discussions with a New York Times reporter amounted to witness tampering but agreed to a[...]
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US restaurants set for second-half profit boost as costs ease, demand stays firm
By Deborah Mary Sophia (Reuters) – Restaurant chains including McDonald’s and Chipotle Mexican Grill are expected to report strong profits in the second half of 2023 as commodity costs fin[...]
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J&J starts share exchange offer for consumer health spin-off Kenvue
(Reuters) -Johnson & Johnson said on Monday it had launched an exchange offer under which its stockholders can opt for shares of Kenvue <KVUE.N>, its newly listed consumer health unit. J[...]
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Smaller miners’ hunger for cash grows as copper prices fall, sparking M&A bets
By Divya Rajagopal and Melanie Burton TORONTO/SYDNEY – A fall in copper prices is having an outsized impact on small and mid-sized miners, forcing many to cut output, and some are now open to ra[...]
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Lyft considers options for bikes business after getting ‘strong interest’
(Reuters) -Lyft said on Monday it was exploring options for its bikes and scooters unit, including a sale or a strategic partnership, the latest move to help turn around the company that has fallen be[...]
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AMC files revised stock conversion settlement plan in court
(Reuters) -AMC Entertainment CEO Adam Aron said on Sunday the company filed a revised petition for a stock conversion plan to address the Delaware court’s concerns over other shareholders. AMC h[...]
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Ryanair cautious about winter travel after quarterly profit soars
By Padraic Halpin DUBLIN (Reuters) -Ryanair on Monday struck a cautious tone about travel demand for the rest of the year and cut its passenger growth forecast due to Boeing delivery delays, after its[...]
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