Lordstown opts for reverse stock split to meet Nasdaq rules, placate Foxconn
(Reuters) -Lordstown Motors Corp on Tuesday announced a reverse stock split to meet Nasdaq listing norms and appease investor Foxconn,…
Business
Shareholders ask Fox Corp to study labels for news vs opinion
By Ross Kerber (Reuters) – Investors including well-known activist John Chevedden filed a shareholder resolution calling on Fox Corp to…
Japan manufacturers’ mood turns positive as economy recovers
By Tetsushi Kajimoto TOKYO (Reuters) -Business sentiment at big Japanese manufacturers turned positive for the first time this year and…
Japan’s Nikkei seen sliding to 30,000 by year-end – Reuters poll
By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei 225 share average will drop 4% from 33-year highs, returning to the…
Qantas record profit forecast, revised buyback irk workers’ union
By Harish Sridharan (Reuters) – Qantas Airways on Tuesday forecast a record annual profit and hiked its share buyback programme…
Purdue Pharma to sell consumer business for $397 million
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt Purdue Pharma received a U.S. judge’s permission on Tuesday to sell its…
Tesla to pick location for new factory this year, Musk says
(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a…
Wall St ends sharply lower on deadlocked debt ceiling talks
By Saeed Azhar and Shreyashi Sanyal NEW YORK (Reuters) – Wall Street stocks finished sharply lower on Tuesday and short-term…
Virgin Orbit auctions $36 million in remaining assets as company folds
By Joey Roulette WASHINGTON (Reuters) -Richard Branson’s bankrupt satellite launch firm, Virgin Orbit, on Tuesday revealed that it was closing…
White House takes new steps to study AI risks, determine impact on workers
By Nandita Bose WASHINGTON (Reuters) – The White House said on Tuesday it would ask workers how their employers use…