Highly shorted Nikola jumps as retail army scoops up shares after BayoTech deal
(Reuters) – Shares of Nikola Corp jumped 14% on Friday, a day after a short squeeze sent the electric-truck maker’s…
Economy
FTC faces uphill battle in Microsoft/Activision appeal
By Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s (FTC) bid to temporarily block Microsoft’s $69 billion purchase…
Illumina hit with record $476 million EU antitrust fine over Grail deal
(This July 12 story has been officially corrected by the European Commission to change the amount of deal to $570…
Republican state officials threaten legal action over company diversity policies
(Refiles to replace ‘attorney generals’ with ‘attorneys general’ throughout) By Daniel Wiessner (Reuters) -A group of Republican U.S. state attorneys…
StanChart to sell five sub-Saharan Africa businesses to Access Bank
DUBAI (Reuters) – Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in five sub-Saharan…
One in four UK single parent households unable to afford food
By David Milliken LONDON (Reuters) – More than a quarter of Britain’s single parent households have recently run out of…
Czech lawmakers give initial backing to $7 billion budget savings package
PRAGUE (Reuters) – The Czech parliament’s lower house gave initial backing on Friday to the centre-right government’s package of spending…
European sovereign bond funds pull in record $15 billion in second quarter
By Harry Robertson LONDON (Reuters) – Global investors poured a record amount of money into European sovereign bond funds in…
State Street beats profit estimates as interest income rises
(Reuters) – State Street Corp on Friday beat profit estimates for the second quarter as the bank’s interest income benefited…
Ukraine posts trade deficit of $8.97 billion in Jan-May
KYIV (Reuters) – Ukraine’s trade deficit grew to $8.97 billion in the first five months of the year compared with…