U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.
Every investor in New Gold Inc. (TSE:NGD) should be aware of the most powerful shareholder groups. Insiders often own… …read more […]
It looks like Delta Air Lines, Inc. (NYSE:DAL) is about to go ex-dividend in the next 4 days. If you purchase the… …read more […]
CVS Health Corporation (NYSE:CVS) stock is about to trade ex-dividend in 4 days time. This means that investors who… …read more […]
We’d be surprised if Fate Therapeutics, Inc. (NASDAQ:FATE) shareholders haven’t noticed that the Chief Scientific… …read more […]
Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world’s biggest oil consumer, was countered by bullish signals from both the Chinese and U.S. refining sectors.
Nissan Motor Co’s incoming chief executive Makoto Uchida told employees in a video message on its internal website on Friday that his mission is to “restore business performance and regain trust in Nissan,” according to a transcript of the message viewed by Reuters.
World stocks slipped after China posted its weakest growth rate in nearly three decades on Friday, while the dollar was set for its worst week in almost four months having been pummeled by pound and euro Brexit rallies.
Swedish truckmaker AB Volvo reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings.
The $100 billion Vision Fund of Japan’s SoftBank Group Corp has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
The $100 billion Vision Fund of Japan’s SoftBank Group Corp has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
French carmaker Renault dragged European shares lower on Friday, while the sharpest contraction in the Chinese economy in nearly three decades exacerbated worries about slowing global growth. Renault slumped 12.7% to lowest since 2013 after the company cut its full-year revenue and profit forecast amid a broad-based slump in auto sales. The fall put the wider auto and auto parts index on course for its biggest percentage drop in two-and-a-half weeks, and pulled the Paris index down 0.2%, lagging its European peers. …read more […]
(Bloomberg) — Marriott International Inc. agreed to take over Elegant Hotels Group Plc in a transaction that will deepen the lodging giant’s reach into the Caribbean.Marriott International will pay 110 pence a share in cash for Elegant Hotels, a 57% premium to its Thursday close, according to a statement Friday that confirmed an earlier Bloomberg News report. That values the company at about 101 million pounds ($130 million), or $199 million including debt, the company said in the statement.Elegant Hotels shares gained as much as 56% in London trading Friday morning, the most on record. The deal is subject to …read more […]
A hefty profit warning sent Renault shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry.
(Bloomberg) — Two of Europe’s biggest banks want to seize oil trader Igho Sanomi’s London homes. Let the battle commence.ING Groep NV and Credit Suisse Group AG are vying for the Nigerian tycoon’s properties in Chelsea, Belgravia and Kilburn over $5 million in unpaid debts they allege is owed by his company Taleveras Energy. ING’s Brussels and Geneva branch is owed $2.2 million, ING lawyer Rupert Cohen said Wednesday in written submissions to a London court.Credit Suisse is owed about $3 million, according to a filing the lender made in April. The Swiss bank seized Sanomi’s private jet, Bloomberg reported …read more […]
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