By Svea Herbst-Bayliss NEW YORK (Reuters) -Several hedge funds expanded their bets on big technology stocks including Amazon, Microsoft and Meta Platforms even as these companies stumbled some during[...]
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November 15, 2023
B. Riley shares plummet after investment losses, ratings downgrade on Franchise Group
(This Nov. 13 story has been corrected by removing a reference to mark down in value of investment in Franchise Group in paragraph 2) By Chibuike Oguh NEW YORK (Reuters) – Shares of financial se[...]
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Wall St rallies as data supports view Fed may be done hiking rates
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 and Nasdaq posted their biggest daily percentage gains since April 27 on Tuesday as softer-than-expected inflation data supported th[...]
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Trian reports new position in Allstate, increased stake in Disney
By Svea Herbst-Bayliss NEW YORK (Reuters) – Trian Fund Management said in a regulatory filing on Tuesday that it owns 3.6 million shares in insurer Allstate Corp and had raised its stake in Walt[...]
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GM’s Cruise suspends supervised and manual car trips, expands probes
By David Shepardson and Ben Klayman WASHINGTON/DETROIT (Reuters) -General Motors’ Cruise driverless car unit said on Tuesday it will pause all supervised and manual car trips in the U.S. and exp[...]
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Goldman CEO and predecessor Blankfein talk careers as analysts compete
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Goldman Sachs Chief Executive Officer David Solomon and his predecessor gave career advice to about 4,000 analysts as junior bankers pitched[...]
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Drugmaker Mallinckrodt emerges from bankruptcy
(Reuters) -Drugmaker Mallinckrodt said on Tuesday it has emerged from bankruptcy and reduced its total funded debt by about $1.9 billion. Mallinckrodt, which won court approval for its bankruptcy plan[...]
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Renault seeks to charge up investors for EV unit IPO
By Gilles Guillaume PARIS (Reuters) – Renault will try on Wednesday to fire up doubtful investors ahead of a planned market listing of its electric vehicle (EV) unit Ampere, a key plank of CEO L[...]
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