By Carolina Mandl NEW YORK (Reuters) – Global hedge funds dumped equities last week, in a painful week for their portfolios as the U.S. main indexes fell and hit their long bets, Morgan Stanley[...]
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June 3, 2024
Exclusive-EEX’s Nasdaq deal risks probe as remedies seen as insufficient, sources say
By Foo Yun Chee BRUSSELS (Reuters) – European Energy Exchange’s Nasdaq deal risks a full-scale investigation by EU antitrust regulators unless the Deutsche Boerse unit beefs up remedies to[...]
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US imposes $2.5 million in airline penalties over delayed COVID refunds
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) said on Monday it has imposed $2.5 million in civil penalties in total against Lufthansa, Air France unit KLM Royal[...]
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Blackstone raises Hipgnosis offer by a cent
(Reuters) – Blackstone on Monday raised its offer for Hipgnosis Songs Fund by a cent to $1.31 per share, valuing the music rights owner of artists such as Shakira and Red Hot Chili Peppers at $1[...]
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Nippon Steel’s Mori returns to US this week for talks on US Steel takeover
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) – Nippon Steel’s vice chairman plans to return to the United States this week for more talks over the proposed acquisi[...]
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Saudi Flyadeal looks at adding Airbus or Boeing wide-body jets
By Lisa Barrington and Tim Hepher DUBAI (Reuters) – Saudi budget airline flyadeal is studying a possible order for between 10 and 20 wide-body jets to carry more passengers, and could make a dec[...]
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Spotify raises US prices of its premium plans in margin push
(Reuters) -Spotify raised prices for its premium plans in the United States on Monday, the latest step by the Swedish music-streaming service in its push to increase margins. The company raised prices[...]
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US construction spending slips again in April
(Reuters) – U.S. construction spending fell unexpectedly for a second consecutive month in April on declines in non-residential activity, though outlays for single-family home building climbed t[...]
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Exclusive-Tesla director Gebbia says he discussed selling house to Musk
By Rachael Levy (Reuters) – Joe Gebbia, the Tesla director who exited a board committee that made key decisions about the car maker’s future, told Reuters that CEO Elon Musk had discussed[...]
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