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Revlon gets court approval for $1.4 billion bankruptcy loan
By Dietrich Knauth (Reuters) - Revlon Inc received a U.S. bankruptcy judge's permission on Monday to proceed with a $1.4 billion loan, over an objection by junior creditors who argued that its onerous...
Syndicated Content Aug 01, 2022
Trump fundraiser says UAE investment was not ‘quid pro quo’
By Luc Cohen NEW YORK (Reuters) - A fundraiser for former U.S. President Donald Trump said prosecutors were wrong to imply that his firm sought investment from United Arab Emirates sovereign wealth fu...
Syndicated Content Aug 01, 2022
Einhorn’s Greenlight takes stake in Twitter – letter
BOSTON (Reuters) - Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepren...
Syndicated Content Aug 01, 2022
Russia’s VTB brokerage head leaves amid clients’ dismay
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) - VTB will replace the head of its brokerage unit, Russia's second-lar...
Syndicated Content Aug 01, 2022
Uber Eats in focus as inflation-hit consumers rethink ordering in
By Nivedita Balu (Reuters) - The food-delivery business that kept Uber Technologies' earnings afloat during the peak of the pandemic is expected to show signs of strain in second-quarter results due o...
Syndicated Content Aug 01, 2022
Exclusive-Siemens Gamesa weighs around 2,500 job cuts – sources
By Isla Binnie and Christoph Steitz MADRID/FRANKFURT (Reuters) - Wind turbine maker Siemens Gamesa is considering cutting around 2,500 jobs, or about 9% of its total, to recover from losses that have ...
Syndicated Content Aug 01, 2022
U.S. SEC charges 11 individuals in $300 million crypto pyramid scheme
By Kanishka Singh WASHINGTON (Reuters) - The Securities and Exchange Commission said on Monday it charged 11 people for their roles in creating and promoting a fraudulent crypto pyramid and Ponzi sche...
Syndicated Content Aug 01, 2022
Global thematic funds see big outflows as growth stocks falter
By Patturaja Murugaboopathy (Reuters) - Global thematic funds are facing heavy outflows this year as investors' fascination fade with such assets, most of which are closely correlated with economic gr...
Syndicated Content Aug 01, 2022
Estee Lauder in talks to acquire Tom Ford brand – WSJ
(Reuters) - Cosmetics maker Estee Lauder Cos Inc is in talks to acquire luxury brand Tom Ford in what could be a $3 billion deal, the Wall Street Journal reported on Monday, citing people familiar wit...
Syndicated Content Aug 01, 2022
Britain says global sustainability disclosures need phasing in
By Huw Jones LONDON (Reuters) - Proposed global sustainability disclosure rules need simplifying and phasing in to avoid fragmenting how companies report on the impact of climate change on their busin...
Syndicated Content Aug 01, 2022
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