(Reuters) – Shares of Nikola Corp jumped 14% on Friday, a day after a short squeeze sent the electric-truck maker’s shares soaring in their busiest trading session on record. The stock surged nearly 61% to a more than four-month high on Thursday after Nikola entered a deal to sell 50 EVs to BayoTech and purchase…
By Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s (FTC) bid to temporarily block Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard must clear some key hurdles to succeed, legal experts said. U.S. District Judge Jacqueline Scott Corley on Tuesday gave the go-ahead to the largest-ever gaming industry deal, rejecting…
(This July 12 story has been officially corrected by the European Commission to change the amount of deal to $570 mln from 570 mln euros in paragraph 6) By Foo Yun Chee BRUSSELS (Reuters) – U.S. genetic testing company Illumina was fined a record 432-million-euro ($476 million) by the EU on Wednesday for closing its…
(Refiles to replace ‘attorney generals’ with ‘attorneys general’ throughout) By Daniel Wiessner (Reuters) -A group of Republican U.S. state attorneys general on Thursday warned the country’s largest companies that certain workforce diversity policies could be illegal in light of the U.S. Supreme Court’s decision effectively striking down affirmative action in higher education. The 13 officials…
DUBAI (Reuters) – Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in five sub-Saharan African countries to Nigeria’s Access Bank, putting into motion a plan announced last year to divest those businesses. Standard Chartered will sell its shareholding in its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access….
By Jonathan Stempel (Reuters) -The U.S. Securities and Exchange Commission on Friday fined Cantor Fitzgerald $1.4 million for repeatedly failing to identify and report customers who qualified as large traders. Cantor, a New York-based investment bank and brokerage, did not admit or deny wrongdoing in agreeing to the civil fine. Large traders trade at least…
By Chayut Setboonsarng and Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s Move Forward party filed a motion in parliament on Friday seeking to curb the power of the military-appointed Senate, a day after the body thwarted its party leader’s bid to become prime minister. The role of the 249-member Senate in deciding a prime minister along with…
By David Milliken LONDON (Reuters) – More than a quarter of Britain’s single parent households have recently run out of food and been unable to afford more, according to a survey from the country’s statistics agency which highlights the impact of surging inflation. Out of nearly 15,000 households surveyed between Feb. 8 and May 1,…
PRAGUE (Reuters) – The Czech parliament’s lower house gave initial backing on Friday to the centre-right government’s package of spending cuts and tax hikes aimed at cutting the budget deficit in the next two years. The country’s public sector deficit has soared in recent years amid spending during the coronavirus pandemic, subsidies to shield the…
By Harry Robertson LONDON (Reuters) – Global investors poured a record amount of money into European sovereign bond funds in the second quarter of the year, lured in by high yields and the prospect of interest rate cuts by the European Central Bank next year. European sovereign bond funds attracted $15.15 billion of inflows in…
