Trading Ideas

No Picture
Trading Ideas

Kalanick Sells $1.5 Billion of Uber in Weeks After Lockup

November 22, 2019 admin Comments Off on Kalanick Sells $1.5 Billion of Uber in Weeks After Lockup

(Bloomberg) — Travis Kalanick’s November selling spree has almost reached $1.5 billion.The Uber Technologies Inc. co-founder sold about $578 million of stock over three days this week, extending a series of transactions since a lockup ended Nov. 6. More disposals may be coming, with a Nov. 11 filing signaling Kalanick could offload his entire stake.The 43-year-old’s holding in the ride-hailing company now constitutes far less than half of his $3.3 billion fortune. The shift started even before Uber’s May listing, with Kalanick participating in private transactions after he was ousted as chief executive officer in 2017.“While it is usual to …read more […]

No Picture
Trading Ideas

Exclusive: Sanofi's strategy boss to leave as CEO readies revamp

November 22, 2019 admin Comments Off on Exclusive: Sanofi's strategy boss to leave as CEO readies revamp

Sanofi’s executive vice president in charge of strategy and business development, Muzammil Mansuri, a member of the French drugmaker’s executive committee, will leave the firm by the end of the month, according to a memo seen by Reuters. The decision marks the first important management change taken since Paul Hudson became chief executive of Sanofi on Sept. 1, as he prepares to give pointers about his vision for the company next month. Hudson and his teams are engaged in a strategic review and are expected to unveil the company’s priorities for the coming years at an investor day …read more […]

No Picture
Trading Ideas

UPDATE 1-Blackstone gives Unizo more time to respond to buyout offer

November 22, 2019 admin Comments Off on UPDATE 1-Blackstone gives Unizo more time to respond to buyout offer

Blackstone Group said on Friday it had extended the deadline for Japanese hotel operator Unizo Holdings to respond to the buyout firm’s $1.6 billion offer. Blackstone said in a statement that it would provide an additional update by Wednesday. Blackstone last month emerged as a bidder for Unizo and warned the company it would launch a tender offer or explore other options if Unizo did not agree to its proposal. …read more […]

No Picture
Trading Ideas

GLOBAL MARKETS-Global shares inch up, but trade worries linger

November 22, 2019 admin Comments Off on GLOBAL MARKETS-Global shares inch up, but trade worries linger

Global stocks inched up on Friday, lifted by China’s renewed offer to work out a trade pact with Washington, but gains were limited by uncertainty over how the 16-month-old trade war plays out and how much it may undermine the world economy. Such jitters have put MSCI’s index of global shares on course to snap a six-week streak of gains, with lacklustre economic data and rising political risks in the United States and Britain also casting a pall on sentiment. European shares opened modestly firmer, however, rising off three-week lows touched on Thursday when it seemed that U.S. …read more […]

No Picture
Trading Ideas

Tesla Unveils Pickup Truck in Demo Marred by Shattered Glass

November 22, 2019 admin Comments Off on Tesla Unveils Pickup Truck in Demo Marred by Shattered Glass

(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk took to the stage late Thursday to reprise a familiar role: pitching a future vehicle to a throng of adoring fans. This time, it was the “Cybertruck” — his name for Tesla’s new electric pickup.The angular vehicle, which has a stainless-steel skin, starts at $39,900 and will come in three variants, Musk told a packed audience in Hawthorne, California. Customers can order the truck with a deposit of just $100, though production “nears in late 2021,” Tesla said on its website.After a “Blade Runner”-inspired introduction, Musk had Tesla’s long time chief …read more […]