The owner of English Premier League champions Manchester City is selling a $500 million stake to private equity firm Silver Lake, valuing the soccer club’s owner at $4.8 billion, the Financial Times reported on Wednesday, citing people with knowledge of the deal.
HP Inc on Tuesday posted quarterly earnings above analysts’ estimates as higher sales of personal computers and workstations helped counter weakness in its printer business.
(Bloomberg) — Rio Tinto Group lifted its spending on new iron ore projects in Australia to more than $4 billion with the approval of a replacement mine at a key hub, providing a further sign of the industry’s confidence in demand led by China.London-based Rio will invest $749 million to bring the Western Turner Syncline Phase 2 project into production from 2021, according to a statement Wednesday. It will help extend the life of operations around the Tom Price mine, which began exporting in 1966.While the new project is aimed only at replacing output that’ll be lost from aging pits, …read more […]
Australia’s Westpac Banking Corp lost a bid to supply loans to a government home-deposit assistance scheme in a blow to its main income generator as it battles a money-laundering scandal, The Australian newspaper reported on Wednesday.
U.S., Canadian and Mexican representatives are set to meet in Washington on Wednesday to discuss the trade deal to replace the North American Free Trade Agreement, Politico reported on Tuesday, citing people familiar with the plans.
Dell Technologies Inc cut its full-year revenue forecast on Tuesday as its PC business grapples with a shortage of chips from Intel Corp , sending its shares down nearly 5% in extended trading.
Citadel’s commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world’s largest hedge funds.
A federal judge on Tuesday partially overturned the convictions of Insys Therapeutics Inc’s founder and three former executives accused of bribing doctors to prescribe an addictive opioid, but declined to disturb the remainder of the jury’s verdict.
An attorney for Elon Musk, the billionaire CEO of electric car maker Tesla , said on Tuesday that his client had no intention of settling a defamation suit brought by a British cave explorer before the case goes to trial on Dec. 3. Vernon Unsworth is suing Musk for calling him a “pedo guy” in one of a series of tweets. Musk posted the tweets after Unsworth accused Musk in a CNN interview of grandstanding by offering to help Unsworth’s diving team rescue 12 b
Federal prosecutors are investigating six pharmaceutical companies for potential criminal charges in connection with shipping big quantities of opioid painkillers that contributed to a healthcare crisis, according to regulatory filings.
Beijing-based company is first to gain FDA approval for a drug discovered by a Chinese company Continue reading… …read more […]
The Federal Aviation Administration said on Tuesday it notified Boeing Co that the agency will be the only issuer of airworthiness certificates for all new 737 MAX planes, a role that it had shared with the aircraft maker in the past. The U.S. air regulator also repeated that it has not completed its review of the 737 MAX aircraft design changes and associated pilot training. …read more […]
Citadel’s commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world’s largest hedge funds.
Stock-based compensation distorts incentives Continue reading… …read more […]
Q4 2019 PennantPark Floating Rate Capital Ltd Earnings Call …read more […]
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