Stocks News
- Reuters
By Tiyashi Datta, Anirban Sen and Dawn Chmielewski
- Reuters
By Blake Brittain (Reuters) – Goodyear Tire & Rubber Co convinced an Ohio federal judge on Friday to throw out a $64 million jury verdict over its alleged theft of trade secrets related to self-inflating tires.
- Reuters
(Reuters) -Teck Resources Ltd on Monday rejected an unsolicited $22.5 billion bid from Swiss commodity firm Glencore Plc, sending the U.S.-listed shares of the Canadian copper miner up about 10% in premarket trading.
- Reuters
(Reuters) – Futures tracking the S&P 500 and the Nasdaq fell on Monday as soaring oil prices renewed worries of persistent inflationary pressures, while energy stocks surged at the start of the week.
- Reuters
By Florence Tan SINGAPORE (Reuters) – Oil prices jumped more than $5 a barrel on Monday’s open, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability.
- Reuters
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co shareholders supported the 11 nominees to the company’s board of directors including Chief Executive Bob Iger and Chairman Mark Parker, according to vote tallies announced at the company’s annual shareholder meeting on Monday.
- Reuters
BERLIN (Reuters) – Germany could follow in Italy’s footsteps by blocking Chat-GPT over data security concerns, the German commissioner for data protection told the Handelsblatt newspaper in comments published on Monday.
- Reuters
ROME (Reuters) – Italy’s deputy prime minister on Sunday criticised a decision by the government’s Data Protection Authority to temporarily ban chatbot ChatGPT, saying the block over privacy concerns seemed excessive.
- Reuters
(Reuters) – EV maker Rivian Automotive on Monday said it delivered 7,946 vehicles in the first quarter ended March, compared with 8,054 vehicles in the prior quarter.
- Reuters
WASHINGTON (Reuters) – The U.S. Justice Department filed an antitrust complaint against Activision Blizzard on Monday, according to a court filing.
- Reuters
NEW YORK (Reuters) – Blackstone Inc said on Monday that it had again blocked withdrawals from its $70 billion real estate income trust in March as the private equity firm faced a flurry of redemption requests.
- Reuters
AMSTERDAM (Reuters) – The Dutch military will purchase U.S. and Israeli-made weapons systems to improve its long-range firepower on land, sea and air, the government said on Monday.
- Reuters
HONG KONG (Reuters) – HSBC Holdings Plc’s board is unanimous in recommending that shareholders vote against proposals to restructure the bank and pay fixed dividends, its chairman, Mark Tucker, told Hong Kong shareholders on Monday.
- Reuters
By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital is pushing Seven & i Holdings to explain its corporate strategy to shareholders including why it is not spinning off of its 7-Eleven convenience store chain or considering selling the whole company.
- Reuters
TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc will postpone the issuance of Additional Tier-1 (AT1) bonds to mid-May or later from late April, a spokesperson said on Monday, after the Swiss decision to wipe out Credit Suisse bonds rattled the market.
- Reuters
BERLIN (Reuters) – German accounting watchdog APAS has banned EY from taking on new audits for companies of public interest for two years and has handed the firm a 500,000 euro ($541,650.00) fine, German business daily Handelsblatt reported on Monday citing sources familiar with the matter.
- Reuters
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator is investigating possible violation of ‘related party’ transaction rules in the Adani Group’s dealings with at least three offshore entities that have links to the brother of the conglomerate’s founder, two people said.
- Reuters
By Jonathan Stempel NEW YORK (Reuters) – Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin.
- Reuters
By Dietrich Knauth (Reuters) – A U.S. judge on Monday approved Revlon Inc’s reorganization plan, allowing the cosmetics giant to cut $2.7 billion from its debt and exit bankruptcy later this month.
- Reuters
(Reuters) – U.S. energy stocks hit an over one-month high on Monday, following a rally in European peers as crude prices rose more than 6% following a surprise announcement by Saudi Arabia and other OPEC+ oil producers to cut production.