By Dietrich Knauth NEW YORK (Reuters) – SVB Financial, the bankrupt former parent of failed Silicon Valley Bank, said on Thursday the U.S. Federal Deposit Insurance Corporation must release $10 million in tax refund checks owed to the company, escalating a dispute over the agency’s efforts to seize assets in the wake of the bank’s…
(Reuters) -Binance.US and Changpeng Zhao, the crypto exchange’s founder and majority owner, have been exploring ways to reduce his stake in the company, the Information reported on Thursday, citing two people familiar with the matter. Zhao, who is also the CEO of Binance – the world’s biggest crypto exchange, has been trying to sell at…
By Caroline Valetkevitch NEW YORK (Reuters) – The Dow and the S&P 500 ended lower on Thursday, dragged down by Walt Disney Co as it lost subscribers, while PacWest led declines in regional banks after posting a drop in deposits. Lifting the Nasdaq, shares of Alphabet Inc rose 4.3%, a day after Google rolled out…
(Reuters) -Media conglomerate News Corp on Thursday beat Wall Street estimates for third-quarter profit, helped by a string of cost-cut measures and strong subscription growth across its professional data and news platforms. At a time when most media companies are struggling with a tough advertising market, News Corp’s revenue got a boost from its 2021…
SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million). In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year…
SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million). In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year…
SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Thursday it will sell up to 250 units of its Praetor 500 aircraft to Berkshire Hathaway’s NetJets Inc in a deal valued at $5 billion, via an agreed options plan. Netjets, a U.S. company that offers shared ownership of private business jets, will start receiving…
(Reuters) -Newcrest Mining Ltd said on Friday it has extended the exclusivity period by a week for Newmont Corp to complete its due diligence on its A$29.4 billion ($19.94 billion) final takeover offer for the Australian gold miner. The exclusivity period for Newmont’s best-and-final offer of A$32.87 per share, which was set to expire on…
By Pete Schroeder WASHINGTON (Reuters) -Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks will also be on the hook, the Federal Deposit Insurance Corporation (FDIC) said on Thursday….
By Roberto Samora and Ana Mano SAO PAULO (Reuters) – JBS SA, the world’s largest meat company, on Thursday reported a net loss of 1.45 billion reais ($290.2 million) for the first quarter, blaming high grain prices and an over-supplied meat market for the worse-than-expected results. Analysts had expected a 297 million real loss, according…
