(Reuters) -Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s $43 billion cash buyout offer. “Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there,” Musk tweeted https://twitter.com/elonmusk/status/1516056299376623626 in response to…
By Pete Schroeder WASHINGTON (Reuters) -Wall Street was slightly higher Monday afternoon in bumpy trading, while U.S. Treasury yields jumped as investors juggled strong earnings with what Russia’s invasion of Ukraine could mean for global growth. A significant cut to global growth expectations from the World Bank, paired with March weakness in China’s latest economic…
By Sruthi Shankar and David French (Reuters) – U.S. stocks moved into positive territory in early afternoon trading on Monday, as a profit beat from Bank of America rounded out earnings season for the big Wall Street banks and added further momentum to financial stocks. The upward swing reversed earlier declines caused by bond yields…
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do Sul, Tupy said on Monday, sending its shares sharply higher. The deal has an enterprise value of 865 million reais ($184.2 million), Tupy said…
WASHINGTON (Reuters) -The U.S. Securities and Exchange commission (SEC) says it has charged 16 defendants with participating in multiyear penny stock schemes that generated more than $194 million in illicit proceeds. The defendants, which include 15 individuals and one company, are located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco,…
BELGRADE, Serbia (AP) — Ukraine on Monday rejected as baseless and false the accusations made by Serbia’s president that Ukraine’s secret service is behind a series of hoax bomb threats against Air Serbia flights to Russia. Serbian President Aleksandar Vucic has claimed that the foreign intelligence services of Ukraine and an unidentified European Union nation…
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -U.S. stocks fell on Monday as bond yields surged to three-year highs on expectations of an aggressive tightening in monetary policy, while financials rose after Bank of America rounded out earnings for big Wall Street banks with a profit beat. Market participants are bracing for a barrage…
By Ross Kerber BOSTON (Reuters) – Median pay for top U.S. CEOs rose 31% last year to a record $20 million, a new study found, surging after a slight decline during the COVID-19 pandemic, as companies showered leaders with stock awards and cash bonuses. Chief executives receiving big pay increases included the leaders of tech…
DETROIT (AP) — Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about the mercurial Tesla CEO’s next move. The social media company has adopted a “poison pill” defense that makes it difficult for Musk or any other investor to buy Twitter without…
(Reuters) – U.S. households expect home prices and rents to rise sharply this year, and while growth in both are then seen slowing, renters see their chances of ever owning a home fading fast, according to a new survey by the Federal Reserve Bank of New York. Home prices are expected to increase 7% in…
