Sam Bankman-Fried’s senior executives Caroline Ellison and Gary Wang cut a deal with prosecutors for $250,000 bail in return for guilty pleas in FTX’s collapse.
Category: Finance
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Stocks making the biggest moves premarket: CarMax, Micron, Under Armour and others
These are the stocks posting the largest moves before the bell.
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David Tepper is ‘leaning short’ on the stock market into 2023 because of global rate tightening
Hedge fund manager David Tepper is listening to what central banks are saying
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China’s economy looks different than it was going into the pandemic
The Chinese economy of 2023 almost definitely won’t look like the Chinese economy of 2019.
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Hedge fund Ancora seeks ouster of Kohl’s CEO, chairman
Ancora Holdings, one of the hedge funds that spearheaded a board shake-up at Kohl’s Corp, is now pushing for the removal of the U.S. retailer’s chief executive and board chairman. The move marks the beginning of a new round of shareholder unrest for Kohl’s after the company explored a sale and decided in July to...
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Germany’s Speira set to win EU nod for RAB deal with asset sale offer
Private equity firm KPS Capital Partners’ German aluminium smelter Speira is set to gain European Union (EU) antitrust approval for its plan to buy aluminium recycler Real Alloy Europe with its offer to sell two plants to address EU concerns.
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Scores of Google rivals want EU tech law used in antitrust case
More than 40 European rivals to Google’s shopping service urged European Union (EU) antitrust regulators to use newly adopted tech rules to ensure the Alphabet unit complies with a 2017 EU order to allow more competition on its search page. The European Commission fined Google 2.4 billion euros five years ago and told the firm...
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Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’
Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets, which it had valued at more than...
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Toshiba’s preferred bidder offers price short of key 6,000 yen a share
The preferred bidder to buy out Toshiba Corp has offered to pay less than the widely regarded threshold of 6,000 yen a share, indicating the premium for the Japanese conglomerate may not be as rich as investors had hoped.
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Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000
Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000 tonnes of the sweetener to overseas buyers as prices jumped after the government cut this year’s export quota. After Reuters revealed the news, New York raw sugar futures jumped 2.3% to hit a seven-month peak yesterday. Shares of Indian sugar producers jumped...