(Reuters) – Ford Motor Co sold 7 million shares of electric carmaker Rivian Automotive Inc for about $188.2 million, or $26.88 apiece, the U.S. automaker said in a filing on Friday. Ford now holds 86.9 million shares in the California-headquartered company. Rivian is struggling in a competitive market, including competition from Ford’s F-150 Lightning electric…
By Anirban Sen and David French (Reuters) – SMBC Aviation Capital, one of the world’s biggest aircraft lessors, is nearing a deal to acquire smaller rival Goshawk for about $7 billion, including debt, people familiar with the matter said on Friday. The deal between the two privately held, Dublin, Ireland-based lessors could be announced as…
(Reuters) – The organizer of the Golden Globe awards is exploring strategic options including a takeover offer from interim Chief Executive Todd Boehly, the non-profit organization said on Friday. Boehly’s proposal comes a week after a consortium led by the U.S. business tycoon clinched a $5.2 billion deal to buy Premier League club Chelsea. The…
By Alun John, Elizabeth Howcroft and Gertrude Chavez-Dreyfuss HONG KONG/LONDON/NEW YORK (Reuters) -Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin. Crypto assets have been swept up in broad selling of risky investments on worries about high inflation…
By David Shepardson WASHINGTON (Reuters) – U.S. airlines are pressing the Biden administration to lift a 16-month-old rule requiring nearly all international air passengers with some exceptions to test negative for COVID-19 before entering the country. Airline executives say many Americans are not traveling internationally because of concerns they will test positive in a foreign…
By Jessica DiNapoli NEW YORK (Reuters) -Perrigo Company PLC, which makes store-brand baby formulas for retailers, including Walmart Inc and Amazon.com Inc, expects shortages and heightened demand to last for the “balance of the year,” Chief Executive Murray Kessler told Reuters in an interview. The Biden administration this week has come under increasing pressure to…
By Carolina Mandl SAO PAULO (Reuters) – Credit Suisse Group AG said on Friday in a statement its chairman Axel Lehmann “clearly endorsed” the bank’s Chief Executive Officer Thomas Gottstein and that nothing had changed in this regard, following a Bloomberg story that it was considering a replacement. (Reporting by Carolina Mandl, Editing by Rosalba…
(Reuters) – A federal judge on Friday ordered food consumer companies Kraft Heinz and Mondelez International pay a $16 million fine as part of a settlement with the U.S. Commodity Futures Trading Commission, the agency said. The CFTC said in 2015 it had filed a complaint against the companies alleging manipulation and attempted manipulation of…
By Jessica DiNapoli NEW YORK (Reuters) -Perrigo Company PLC, which makes store-brand baby formulas for retailers including Walmart Inc and Amazon.com Inc expects shortages and heightened demand to last for the “balance of the year,” said CEO Murray Kessler in an interview with Reuters. Perrigo’s formula manufacturing facilities in Ohio and Vermont are now running…
By Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) – Big Oil has enjoyed an easier ride at shareholder meetings so far this year compared with last year’s punishing run of hostile investor votes tied to climate concerns, as those issues have been eclipsed by tight oil supplies. Major oil companies have handily defeated several high-profile…