BISV
Tesla’s governance autopilot heads for disaster
NEW YORK, May 17 (Reuters Breakingviews) – Portraying a CEO as a father figure is one way to tell there’s a lack of judicious oversight. Backing the company’s board despite obvious shortcomings is another. Tesla shareholders did both on Tuesday, with one of them playing the part of boss Elon Musk’s “son,” a robot the …
Luminar Tech CEO Russell to acquire majority stake in Forbes
May 12 (Reuters) – Luminar Technologies (LAZR.O) CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that values the business news publisher at nearly $800 million, Russell and Integrated Whale Media Investments (IWM) said in a statement on Friday. The automotive tech billionaire has agreed to acquire 82% …
First Republic secures new facility from JPMorgan
March 12 (Reuters) – U.S. private bank First Republic Bank (FRC.N) said on Sunday it had secured additional financing through JPMorgan Chase & Co (JPM.N), giving it access to a total of $70 billion in funds through various sources. First Republic’s announcement came after its share price was hit last week in the aftermath of …
Twitter makes first interest payment on Musk buyout debt – Bloomberg News
Jan 30 (Reuters) – Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter. Twitter paid a group of seven banks, led by Morgan Stanley, …
UnitedHealth lifts profit outlook as slow elective-care recovery cuts costs
July 15 (Reuters) – UnitedHealth Group Inc (UNH.N) on Friday raised its annual profit forecast for a second straight quarter, as a slow recovery in non-urgent medical procedures and lower COVID-care costs help it rein in medical expenses. Shares of the largest U.S. healthcare company by market value rose 4.5% in morning trade, providing the …
Enjoy Technology, led by ex-Apple and JC Penney executive Johnson, files bankruptcy
June 30 (Reuters) – Enjoy Technology Inc (ENJY.O), a Silicon Valley retailer led by former Apple Inc (AAPL.O) and JC Penney Co executive Ron Johnson, filed for bankruptcy protection on Thursday, fewer than nine months after going public through a special-purpose acquisition company (SPAC). The Palo Alto, California-based startup said it plans to sell its …
Beijing city offers elderly COVID shot-related health insurance to ease hesitancy
People pass by a poster encouraging elderly people to get vaccinated against the coronavirus disease (COVID-19), near a residential compound in Beijing, China March 30, 2022. REUTERS/Tingshu Wang/File Photo Register now for FREE unlimited access to Reuters.com Register BEIJING, May 27 (Reuters) – China’s capital is offering elderly residents state-backed insurance for “medical accidents” linked …
GameStop’s Cohen takes stake in Bed Bath & Beyond, pushes for changes
An exterior view shows a Bed Bath & Beyond store in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily Elconin Register now for FREE unlimited access to Reuters.com Register March 7 (Reuters) – Billionaire investor Ryan Cohen said on Sunday he now owns nearly 10% of Bed Bath & Beyond (BBBY.O) and wants the housewares retailer …
Western companies head for the exit in Russia as sanctions tighten
BP to exit Rosneft stake worth $25 billion Pressure on other energy companies to follow suit Shares hit in firms with Russian assets Some Russian banks shut out from SWIFT Europe, Canada close airspace, Russia retaliates Feb 28 (Reuters) – Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined …
Intel debates buyout of SiFive to bolster chip technology against Arm -source
Intel Corp (INTC.O) is debating a possible offer to buy SiFive Inc, a person familiar with the matter told Reuters, a company closely associated with open-source technology that is challenging the rise of Intel’s rival, Arm Ltd. SiFive, a San Mateo, California-based startup, employs several of the creators of RISC-V, an open-source chip technology that …
