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Updated: 4 years 22 weeks ago
Online used car seller Vroom raises $467.5 million in U.S. IPO
Online used car seller Vroom Inc said on
Monday it raised $467.5 million in its initial public offering
as appetite for new stocks rebounds after the COVID-19 pandemic
put many debuts on hold.
Categories: Business News
RPT-DEALTALK-Private equity scouts for China take-private deals amid tension, volatile markets
Private equity investors are
seeking Chinese companies to take private in the hope they can
snap up bargains amid the coronavirus-related sell-off, but the
banks that help find such deals are proving less keen to finance
them.
Categories: Business News
UPDATE 2-Trump administration permits use of weed killer blocked by court
The U.S. Environmental
Protection Agency said on Monday that farmers can use existing
supplies of an agricultural weed killer linked to crop damage,
after a federal court blocked sales and use of the product last
week.
Categories: Business News
California says movie theaters can reopen as early as Friday if counties approve
Movie theaters can reopen in
California as early as Friday if county officials grant
approval, the state's health department said in guidelines
issued on Monday.
Categories: Business News
DEALTALK-Private equity scouts for China take-private deals amid tension, volatile markets
Private equity investors are
seeking Chinese companies to take private in the hope they can
snap up bargains amid the coronavirus-related sell-off, but the
banks that help find such deals are proving less keen to finance
them.
Categories: Business News
PRESS DIGEST-British Business - June 9
The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Categories: Business News
China Telecom urges FCC not to revoke ability to operate in U.S.
China Telecom Corp’s
U.S. unit urged the Federal Communications Commission (FCC) not
to revoke the company's nearly two-decade old authorization to
provide international telecommunications services to and from
the United States.
Categories: Business News
PRESS DIGEST- Financial Times - June 9
The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Categories: Business News
IBM gets out of facial recognition business
International Business Machines Corp
will no longer offer general purpose facial recognition
or analysis software, new Chief Executive Officer Arvind Krishna
said in a letter to the members of the United States Congress on
Monday.
Categories: Business News
Business analytics firm Dun & Bradstreet close to launching $1 bln IPO -sources
U.S. business analytics firm Dun &
Bradstreet is preparing to launch an initial public offering
that could raise up to $1 billion, the latest company to eye a
listing after the coronavirus-induced economic downturn roiled
the market for new stocks.
Categories: Business News
GLOBAL MARKETS-Asia stocks set to gain after recovery hopes push Wall Street higher
Asian stocks were set to climb
on Tuesday as confidence in an economic recovery pushed the
Nasdaq benchmark to a record high, although doubts about crude
supply cuts were likely to keep oil prices under pressure.
Categories: Business News
U.S. says farmers can use existing supplies of controversial weed killer
The U.S. Environmental
Protection Agency said on Monday that farmers can use supplies
of an agricultural weed killer they had on hand as of June 3,
after a federal court blocked sales and use of the product last
week.
Categories: Business News
CORRECTED-Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case
Lawyers for the former Green
Beret and son wanted by Japan for helping former Nissan Motor Co
boss Carlos Ghosn flee the country on Monday argued
U.S. authorities wrongly arrested them for aiding a crime that
they say does not exist in Japan: bail jumping.
Categories: Business News
Occidental Petroleum to review Middle East assets - Bloomberg News
Oil and gas producer Occidental Petroleum
is reviewing options for its Middle Eastern assets in a
bid to ease its debt load, Bloomberg News reported on Monday,
citing people familiar with the matter.
Categories: Business News
MEDIA-Occidental to review mideast assets in bid to cut debt - Bloomberg News
Categories: Business News
MEDIA-Men's Wearhouse owner Tailored Brands weighs bankruptcy filing - Bloomberg News
Categories: Business News
UPDATE 1-Macy's raises $4.5 billion to shore up funds as stores reopen, shares surge
Macy's Inc said on Monday it raised
a total of $4.5 billion, including $3.15 billion in new
borrowings against its real estate assets, as the department
store chain tries to navigate through the fallout from the
COVID-19 pandemic.
Categories: Business News
US STOCKS-Nasdaq ends at record, confirms bull market on economic recovery hopes
The Nasdaq posted a record closing high
on Monday, becoming the first of the major indexes to confirm a
new bull market, while the S&P 500 ended in positive territory
for the year as expectations for a swift recovery from a
coronavirus-driven downturn increased.
Categories: Business News
GE reopens parts of prior debt offerings to raise $3 bln
General Electric Co said on Monday
it reopened portions of its prior debt offerings for $3 billion
in total proceeds to boost its cash reserves amid the
coronavirus crisis.
Categories: Business News
GLOBAL MARKETS-Stocks rally on quick economic revival hopes, oil slides
Global equity markets surged on
Monday, with the Nasdaq hitting a record high on hopes of a
quick recovery from the coronavirus slump, while oil slid after
Saudi Arabia said new output cuts by producer nations would not
include extra cuts by three Gulf countries.
Categories: Business News
