Elliott pushes for NRG Energy overhaul after disclosing position
By David French and Mrinalika Roy (Reuters) – Activist investor Elliott Investment Management LP is calling for a boardroom overhaul…
Business
Russia approves sale of Volkswagen plant to domestic dealership
(Reuters) – A Russian government commission has approved the sale of Volkswagen’s main factory in Russia to a domestic car…
Apple investigated in France over product obsolescence
PARIS (Reuters) – The Paris prosecutor has opened a judicial inquiry into planned obsolescence of Apple products, a spokesperson for…
Musk: Tesla to make significant investments in France at some point
PARIS (Reuters) – US electric car manufacturer Tesla will make significant investments in France, its CEO Elon Musk said in…
Republic First Bancorp to go slow on fundraise, says it has ‘adequate’ capital
(Reuters) -Republic First Bancorp said on Monday it had “adequate” capital and would wait for market conditions to stabilize before…
New York factory activity slumps in May – NY Fed
WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State…
Exclusive-Nationalised German energy firms pay traders big bonuses after losing billions
By Dmitry Zhdannikov, Marwa Rashad and Christoph Steitz LONDON/FRANKFURT (Reuters) – German energy firms Sefe and Uniper have awarded some…
Exclusive-Kioxia, Western Digital speed up merger talks as memory chip demand slumps -sources
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) – Kioxia Holdings Corp and Western Digital Corp are speeding up merger…
Australia’s InvoCare gets higher $1.3 billion offer from TPG, shares jump
By Scott Murdoch and Himanshi Akhand (Reuters) -Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a…
Tesla owners sue over impact of software update on EV batteries
By David Shepardson WASHINGTON (Reuters) – A group of U.S. Tesla Model S and Model X owners filed a proposed…