By Manya Saini, John McCrank and Krystal Hu (Reuters) – Sam Bankman-Fried’s FTX crypto exchange said it is not in talks to acquire Robinhood Markets Inc, after a report https://www.bloomberg.com/news/articles/2022-06-27/sam-bankman-fried-s-ftx-seeking-to-buy-robinhood-hood on Monday claimed the exchange was exploring such a deal. Bloomberg News reported on Monday FTX was discussing internally how to buy the app-based brokerage…
NEW YORK (AP) — The company planning to buy Donald Trump’s new social media business has disclosed a federal grand jury investigation that it says could impede or even prevent its acquisition of the Truth Social app. Shares of Digital World Acquisition Corp. dropped almost 10% Monday as the company revealed that it has received…
Shares of Frontier Airlines and Spirit Airlines tumbled Monday after their improved merger proposal won a key endorsement just days ahead of a crucial shareholder vote. Frontier CEO Barry Biffle said Monday that he is optimistic Spirit shareholders will approve Frontier’s latest stock-and-cash offer for Spirit when they vote Thursday. “I think we have a…
By John Revill ZURICH (Reuters) – Siemens is buying U.S. tech company Brightly Software from private equity owner Clearlake Capital for $1.58 billion, the German engineering group said on Monday, its latest move to broaden its software credentials and grow faster than rivals. Siemens Smart Infrastructure, which offers digital systems to manage buildings’ security and…
NEW YORK (Reuters) – Private equity firms Blackstone Inc and Carlyle Group Inc will reimburse U.S. employees’ expenses for traveling out of state to access abortion reproduction care services. Other Wall Street firms, including J.P. Morgan and Goldman Sachs, have announced similar measures after the U.S. Supreme Court overturned its landmark 1973 Roe v. Wade…
(Reuters) -Sam Bankman-Fried’s FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets Inc, Bloomberg News reported https://www.bloomberg.com/news/articles/2022-06-27/sam-bankman-fried-s-ftx-seeking-to-buy-robinhood-hood on Monday, citing people with knowledge of the matter. FTX is discussing internally how to buy the app-based brokerage and Robinhood has not received a formal takeover approach, the report said. Robinhood, shares…
DUBAI, United Arab Emirates (AP) — The state-owned oil and gas company Qatar Energy said Monday it is joining a new industry-led initiative to reduce nearly all methane emissions from operations by 2030. It comes as part of a broader global push to tackle emissions from methane, or natural gas, which is the second most…
SAO PAULO (Reuters) – (This June 22 story corrects headline and first paragraph to show that the payment is a settlement between the banks and Brazil’s watchdog, not a fine; adds Citibank statement that it has not been found or admitted to any wrong doing) Brazil’s antitrust watchdog said on Wednesday it reached an agreement…
By Rodrigo Viga Gaier and Rafaella Barros RIO DE JANEIRO (Reuters) – The board of directors of Brazil’s Petrobras elected Caio Paes de Andrade as its new chief executive on Monday, as a messy management transition at the state-run oil company inches toward conclusion. Andrade, a former economy ministry official, was also voted onto the…
AMSTERDAM (Reuters) – Just Eat Takeaway.com, the biggest online meals ordering company in Europe, is increasing the commission it charges restaurants for its services by around one percentage point in most European markets, the company said on Monday. “I can confirm that in response to rising inflation and higher operational costs, we are increasing our…
