Italian bank Intesa raises profit target after beating forecasts
By Valentina Za MILAN (Reuters) -Intesa Sanpaolo, Italy’s biggest bank, raised its 2023 profit goal on Friday after first-quarter net…
Business
US SEC issues largest ever whistleblower award of $279 million
(Reuters) – The U.S. Securities and Exchange Commission (SEC) has issued its largest ever award of nearly $279 million to…
HSBC quashes Ping An-backed protest vote at annual meeting
By Lawrence White and Iain Withers BIRMINGHAM, England (Reuters) -HSBC soundly defeated a bid to break-up the bank and spin-out…
Analysis-Icahn’s mark-up of meat packager extraordinary but possible, experts say
By Koh Gui Qing NEW YORK (Reuters) – As investors and financial experts pored over Hindenburg Research’s allegations against activist…
Broadcom CEO seeks to convince EU on $61 billion VMware deal
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom’s Chief Executive Hock Tan on Friday will try to convince…
FTX gets approval for LedgerX sale, asserts $3.9 billion Genesis claim
By Dietrich Knauth (Reuters) – Bankrupt crypto exchange FTX received U.S. bankruptcy court permission on Thursday to sell its LedgerX…
Berkshire director: Buffett CEO heir an ideal fit, but changeover not imminent
By Jonathan Stempel OMAHA, Nebraska (Reuters) – One of Berkshire Hathaway Inc’s longest-serving directors said Greg Abel has the ability…
Canada’s Magna raises profit forecast as global auto production improves
By Raechel Thankam Job (Reuters) -Canadian auto parts maker Magna International Inc raised its full-year earnings forecast on Friday, betting…
EOG Resources may delay some Dorado gas wells in Texas due to low prices
DENVER (Reuters) – U.S. shale producer EOG Resources on Friday said it may delay some well completions in its Dorado…
Italian Treasury ready to back KKR-CDP joint bid for Telecom Italia’s grid
By Elvira Pollina and Giuseppe Fonte ROME (Reuters) -Italy’s Treasury is ready to back a joint purchase proposal for Telecom…