Morgan Stanley warns of hit to equity valuation if US fiscal spending is cut
(Reuters) – Brokerage Morgan Stanley on Monday warned that lofty U.S. equity valuations could be questioned by investors if aggressive…
August 7, 2023
Purdue asks Supreme Court not to block opioid settlement during US appeal
By Dietrich Knauth NEW YORK (Reuters) – Oxycontin maker Purdue Pharma on Friday asked the U.S. Supreme Court to reject…
Bain Capital’s $551 million bid sends Estia Health shares to near 5-year high
By Rishav Chatterjee and Scott Murdoch (Reuters) -Global private equity firm Bain Capital will pay A$838 million ($551.3 million) for…
Adobe’s Figma deal faces EU competition investigation
By Foo Yun Chee BRUSSELS (Reuters) -Adobe’s $20 billion bid for cloud-based designer platform Figma could reduce competition in global…
Campbell to buy Rao’s premium sauces maker Sovos for $2.33 billion
(Reuters) -U.S. packaged food maker Campbell Soup will buy Michael Angelo’s and Rao’s owner Sovos Brands for $2.33 billion in…
US FTC agrees to dismiss case against ICE’s $11.7 billion Black Knight deal
(Reuters) -The U.S. Federal Trade Commission (FTC) on Monday told a federal court it wanted to drop its lawsuit against…
Fires again threaten Indigenous community in Canada’s B.C. province
By Anna Mehler Paperny TORONTO (Reuters) – Members of the Lytton First Nation are again fleeing their homes amid record-setting…
Exclusive-Credit Suisse to cut 80% of Hong Kong investment bank jobs from this week -source
By Selena Li HONG KONG (Reuters) -Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made…
Goldman Sachs’ Jeff Currie, who predicted commodities supercycle, to retire
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs’ global head of commodities research Jeff Currie, a prominent analyst who accurately…
Ex-FBI agent accused of working for Russian oligarch may change plea
By Luc Cohen NEW YORK (Reuters) -A former FBI agent accused by U.S. prosecutors of working for sanctioned Russian oligarch…