By Svea Herbst-Bayliss (Reuters) -The 20 best performing hedge fund managers earned $22.4 billion for investors in 2022, marking their slimmest gains since 2016 as many firms, including Tiger Global Management, struggled with slumping financial markets, LCH Investments data show. The top 20 managers, led by Ken Griffin’s Citadel, Bridgewater Associates and D.E. Shaw Group,…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators on Monday closed a six-year-old investigation into 1.47 million Ford Explorer SUVs over reports of exhaust odors in vehicle compartments and exposure to carbon monoxide without seeking a recall. The National Highway Traffic Safety Administration (NHTSA)said it had conducted an in-depth investigation first opened in July…
JOHANNESBURG (Reuters) -South African retailer TFG’s third-quarter sales jumped by 17.3% after Black Friday sales and holiday specials spurred demand for summer clothes and furniture, it said on Monday. The increase was despite the company’s biggest business, TFG Africa, losing about 112,000 trading hours during the three months to Dec. 31 because of rolling power…
(Reuters) -Spotify Technology SA said on Monday it plans to cut 6% of its workforce and would take a related charge of up to nearly $50 million, adding to the massive layoffs in the technology sector in preparation for a possible recession. The tech industry is facing a demand downturn after two years of pandemic-powered…
(Reuters) – Newell Brands Inc said on Monday it will cut about 13% of its office positions, in a bid to save costs amid stubbornly high inflation that has pressured consumer spending. The sharpie maker joins a growing list of companies in corporate America – from Wall Street Banks and tech companies such as Spotify…
By Stefania Spezzati and Nell Mackenzie LONDON (Reuters) – Eisler Capital has recruited Damien Bombelli, whose background in commodities could help the hedge fund bolster a less profitable part of its business, according to one source with knowledge of the move and a regulator filing. Bombelli, who has worked at investment firms and banks including…
(Reuters) -U.S. industrial software firm Emerson Electric Co said on Monday it would not nominate candidates for election to the board of testing and measurement equipment maker NI Corp and kept its buyout offer price unchanged. Emerson last week disclosed a hostile $53-per-share offer for NI, which it has been trying to buy unsuccessfully for…
WASHINGTON (Reuters) – U.S. auto safety regulators on Monday closed a six-year-old investigation into 1.47 million Ford Explorer SUVs over reports of exhaust odors in vehicle compartments and exposure to carbon monoxide without seeking a recall. The National Highway Traffic Safety Administration (NHTSA)said it had conducted an in-depth investigation that included review of over 6,500…
By Leah Douglas WASHINGTON (Reuters) – Once the stuff of science fiction, lab-grown meat could become reality in some restaurants in the United States as early as this year. Executives at cultivated meat companies are optimistic that meat grown in massive steel vats could be on the menu within months after one company won the…
By Elizabeth Howcroft LONDON (Reuters) – European stock indexes rose slightly in early trading on Monday, supported by hopes that inflation could be past its peak, as markets softened their expectations for future Federal Reserve rate hikes. Liquidity was thin overnight as markets in China, Hong Kong, Singapore, Malaysia, South Korea and Taiwan were closed…
