Year: 2020

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Dr. Oz says the coronavirus could result in the deaths of 'more than a million Americans'

March 20, 2020 admin Comments Off on Dr. Oz says the coronavirus could result in the deaths of 'more than a million Americans'

The coronavirus outbreak may result in the deaths of over one million Americans, though the ultimate toll can vary significantly depending on efforts taken by the U.S. government and public, says television host and heart surgeon Mehmet Oz, also known as Dr. Oz. …read more […]

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Wealthy Facing Margin Calls Show Pitfalls of Pledged Shares

March 20, 2020 admin Comments Off on Wealthy Facing Margin Calls Show Pitfalls of Pledged Shares

(Bloomberg) — In today’s plunging markets, borrowing against stock is proving expensive.India’s Gautam Adani and his family put up an additional $1.4 billion of shares as collateral on existing debt this month, according to a Bloomberg analysis of regulatory filings through Thursday for four of his group’s companies.In China, shareholders of at least 14 firms were asked in March to supply additional shares for collateral based on a review of filings.In Europe, UBS Group AG and Credit Suisse Group AG asked clients to post additional collateral, and money managers in New York are readying term sheets for ultra-rich Americans to …read more […]

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LVMH Is Considering Buying Tiffany Shares on Open Market

March 20, 2020 admin Comments Off on LVMH Is Considering Buying Tiffany Shares on Open Market

(Bloomberg) — LVMH, the luxury goods giant controlled by French billionaire Bernard Arnault that in November agreed to acquire Tiffany & Co. for $135 a share, is considering buying those shares for less on the open market amid a coronavirus-driven slump, according to people familiar with the matter.LVMH has discussed the idea with Tiffany’s board, which could grant permission for the potential transaction to go ahead after earnings, said the people, who asked not to be identified as the discussions are private. The French group hasn’t made a final decision on whether to go ahead with selective market purchases and …read more […]