By David Shepardson, Rajesh Kumar Singh and Abhijith Ganapavaram WASHINGTON/CHICAGO (Reuters) -U.S. flights were slowly resuming departures and a ground stop was lifted after the Federal Aviation Administration (FAA) scrambled to fix a system outage overnight that had forced a halt to all U.S. departing flights. More than 7,300 flights were delayed and 1,100 canceled…
By Dietrich Knauth and Tom Hals NEW YORK/WILMINGTON, Del. (Reuters) -Crypto exchange FTX has recovered more than $5 billion in liquid assets but the extent of customer losses in its collapse is still unknown, an attorney for the bankrupt company founded by Sam Bankman-Fried said on Wednesday. The company, which was valued a year ago…
(Reuters) – Activist hedge fund Bluebell Capital Partners shows no sign of halting its run of challenging the policies and executives of some of the world’s biggest companies. The group has taken on the likes of GSK Plc, Glencore Plc, Vivendi SE and Danone SA while owning minor stakes, as well as attempting to oust…
(Reuters) – Activist hedge fund Bluebell Capital Partners shows no sign of halting its run of challenging the policies and executives of some of the world’s biggest companies. The group has taken on the likes of GSK Plc, Glencore Plc, Vivendi SE and Danone SA while owning minor stakes, as well as attempting to oust…
By Daniel Wiessner (Reuters) – Tesla Inc has suffered another setback in its bid to challenge the powers of California’s Civil Rights Department, which is suing the electric carmaker over alleged race discrimination at its flagship assembly plant. A judge in Oakland, California, in a tentative ruling late Tuesday dismissed Tesla’s counter-suit claiming the agency…
(Reuters) -Shares of Bed Bath & Beyond, popular among retail traders, jumped in early trading on Wednesday, extending their rebound from multi-decade lows hit last week following news of the company’s plans to seek bankruptcy protection. The stock, the third most actively traded across U.S. exchanges, was up about 25% at $2.60. It has risen…
By Jamie Freed, Rajesh Kumar Singh and David Shepardson (Reuters) – U.S. flights were slowly beginning to resume departures after Federal Aviation Administration (FAA) scrambled to fix a system outage overnight that impacted thousands of flight. The FAA had earlier it had ordered airlines to pause all domestic departures after its pilot alerting Notice to…
By Mimosa Spencer and Mimosa Spencer PARIS (Reuters) -LVMH Chairman and CEO Bernard Arnault named his daughter Delphine as CEO of the group’s second largest fashion label Christian Dior on Wednesday, further tightening the family’s hold on the sprawling luxury empire. All five of the Arnault children hold key management roles at brands in the…
By Xie Yu and Ankur Banerjee HONG KONG/SINGAPORE (Reuters) – Foreign investors have barely begun buying back beaten-down stocks in China, but there are growing signs that the end of the country’s tough COVID-zero policy marks the beginning of a long global march back into Chinese equities. December’s sudden shift from tight health restrictions to…
(Corrects Ares year of founding to 1997 instead of 2002 in last paragraph) By Chibuike Oguh (Reuters) – Ares Management Corp said on Wednesday it raised about $5 billion for an infrastructure debt fund that invests in the debt of infrastructure assets such as data centers, telecommunication towers, ports and utilities. The new fund is…
