(Reuters) – Isaac Perlmutter, one of the largest investors in Walt Disney, has sold his entire stake in the media company after losing the proxy fight, the Wall Street Journal reported on…
Category: Business
Investment funds buy $28.837 billion 10-year note in July – U.S. Treasury
July 22 (Reuters) – Large investment managers bought $28.837 billion at a 10-year note auction held in July, compared with the $26.477 billion they purchased the previous month, data from the U.S….
Exclusive-ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say
By Yantoultra Ngui and Florence Tan SINGAPORE (Reuters) – Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s upstream sector…
Tesla halted some production lines due to global IT outage, Business Insider reports
(Reuters) -Tesla halted some production lines due to the global IT outage, Business Insider reported on Friday, citing sources familiar with the matter. The automaker sent some production employees home early during…
Activist investor Elliott builds sizeable stake in Starbucks, says source
(Reuters) -Activist investor Elliott Investment Management has built a sizeable stake in Starbucks, a source told Reuters on Friday. The Wall Street Journal had first reported on the development. Elliott has been…
US Fed fines Green Dot $44 million for numerous unfair and deceptive practices
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Friday it had fined Utah-based Green Dot $44 million for numerous “unfair and deceptive” practices, as well as deficient risk…
Exclusive-Collaboration software maker Smartsheet fields buyout interest, sources say
By Milana Vinn and Anirban Sen (Reuters) – Smartsheet, a U.S. maker of workplace collaboration software with a market value of $6.3 billion, has tapped investment bankers after attracting acquisition interest from…
US bank regulator warns against ‘worrisome’ state laws targeting banks
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator warned on Wednesday the agency may begin pushing back against the “worrisome trend” of states adopting laws meant to police national…
Boeing door blowout crisis hitting suppliers, airlines and passengers
By Rajesh Kumar Singh and Allison Lampert (Reuters) – After a door panel on an Alaska Airlines-operated Boeing 737 MAX 9 jet blew off midair in January, Anneke Palmerton learned the carrier…
US online sales hit $7.2 billion on first day of Amazon Prime Day event, Adobe says
(Reuters) – Shoppers spent about $7.2 billion online across retailers during the first day of Amazon’s Prime Day in the United States, according to a report from Adobe Analytics on Wednesday. Major…