Category Archives:
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter
By David Randall NEW YORK (Reuters) - Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the first q...
May 12, 2023
G7 finance chiefs agree on scheme to diversify global supply chain – draft communique
NIIGATA, Japan (Reuters) - Finance leaders of the Group of Seven (G7) advanced economies agreed to create a scheme to diversify global supply chains that will "contribute to safeguarding energy securi...
May 12, 2023
Exclusive: G7 summit statement to target China’s ‘economic coercion’ – source
By Trevor Hunnicutt WASHINGTON (Reuters) - Leaders of the Group of Seven (G7) countries are set to issue a statement of concern about China's use of "economic coercion" in its dealings abroad when the...
May 12, 2023
Luminar Tech CEO to acquire majority stake in Forbes – WSJ
(Reuters) -Luminar Technologies CEO Austin Russell is buying a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at nearly $800 million, the Wall Street ...
May 12, 2023
U.S. regulators grant approvals for TIAA’s bank deal with buyout firms
By Pete Schroeder and David French (Reuters) - Two U.S. regulators have approved the sale of a majority stake in TIAA's banking arm to a consortium of private equity firms, a TIAA spokesperson said on...
May 12, 2023
Protesters in Peoria for DeSantis visit
PEORIA, Ill. – The groups that are protesting Florida Governor Ron DeSantis’ visit to Peoria say while they believe DeSantis is not welcome here, but also think it’s a teachable mome...
May 12, 2023
U.S. demands recall of 67 million air bag inflators
WASHINGTON (Reuters) - The National Highway Traffic Safety Administration demanded the recall of 67 million air bag inflators because it believes there is a safety defect, but auto supplier ARC Automo...
May 12, 2023
Klaviyo files confidentially for U.S. IPO – sources
By Echo Wang NEW YORK (Reuters) - Data and marketing automation firm Klaviyo Inc confidentially submitted paperwork on Friday with U.S. regulators for an initial public offering (IPO) in New York, acc...
May 12, 2023
GM recalling nearly 1 million U.S. vehicles for air bag defect
WASHINGTON (Reuters) - General Motors said on Friday it will recall nearly 1 million sport utility vehicles in the United States because the driver's air-bag inflator may explode during deployment. Th...
May 12, 2023
ISS backs one of Icahn’s nominees for Illumina
(Reuters) - Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended that Illumina Inc's shareholders vote for activist investor Carl Icahn's nominee Andrew Teno. (Reporting ...
May 12, 2023
Peoria, IL, USA
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