(Reuters) -Peloton Interactive said on Monday it was looking to refinance its debt, as the fitness equipment maker seeks to regain its footing amid falling sales due to uncertain demand. The company s[...]
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May 20, 2024
Morning Bid: Asian stocks eye best run since 2021
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors’ appetite for stocks and risk assets shows no sign of waning which, in the absence of any major market-mov[...]
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Shah Capital ends campaign against Novavax board after Sanofi deal
(Reuters) -Hedge fund Shah Capital said on Monday it would withdraw its campaign against the re-election of three directors on Novavax’s board, after the COVID-19 vaccine maker struck a licensin[...]
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Factbox-JPMorgan leaders shaping its strategy as succession comes into focus
(Reuters) – At JPMorgan Chase’s investor day on Monday, shareholders will focus on the bank’s growth strategy and succession plans. CEO Jamie Dimon and President Daniel Pinto are amo[...]
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GSK whistleblower claims drugmaker cheated US government over Zantac cancer risk
By Jonathan Stempel (Reuters) -GSK has been sued by an independent Connecticut laboratory that accused the drugmaker of defrauding the U.S. government and taxpayers by concealing cancer risks in Zanta[...]
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Marathon Partners urges Dr Martens to buy back stock, detail expense cuts
By Svea Herbst-Bayliss BOSTON (Reuters) -Investment firm Marathon Partners Equity Management is turning up the heat on Dr Martens by urging the British boot maker to detail planned expense cuts and to[...]
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Nasdaq, gold scale all-time highs amid cautious Fed comments
By Stephen Culp NEW YORK (Reuters) -The Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence o[...]
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BMW imported 8,000 vehicles into US with parts from banned Chinese supplier, Senate report says
By David Shepardson WASHINGTON (Reuters) -German automaker BMW imported at least 8,000 Mini Cooper vehicles into the United States with electronic components from a banned Chinese supplier, a U.S. Sen[...]
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US stock settlement switch faces early resilience test
By Laura Matthews and Sinead Cruise NEW YORK/LONDON (Reuters) – Participants in the United States’ multitrillion-dollar securities markets face an early test of their ability to cope with[...]
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