Broadcom Makes Antitrust Offer to EU in VMware Merger Probe
Broadcom Inc. offered antitrust commitments to the European Commission in an effort to allay concerns over its proposed
2023-05-17 19:20
Goldman Sachs Slashes Adani Group Stakes From Its ESG Funds
The investment arm of Goldman Sachs Group Inc. dramatically reduced its exposure to the Adani Group in its
2023-05-17 18:56
Marketmind: Fed rates to stay higher for longer, debt drama goes on
A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is
2023-05-17 18:17
Man Utd takeover: Sheikh Jassim launches even bigger last-ditch bid to buy football club
The Qatari billionaire Sheikh Jassim bin Hamad bin Khalifa Al Thani has raised his bid for Manchester United by making a fourth and last-ditch offer for the club, which is understood to be closer to £5 billion. The businessman has made a late intervention after the lifelong United fan, and petrochemicals billionaire, Sir Jim Ratcliffe had submitted his third bid which valued United at a higher figure. As with all of Sheikh Jassim’s previous proposals, he is trying to buy 100 percent of the club, where the Glazer family are current majority shareholders. The Qatari has also pledged to clear United’s debt of £536 million and has promised a separate fund directed at the club and the community. Ratcliffe’s most recent bid allowed Joel and Avram Glazer, two of the six siblings whose father, Malcolm, bought the club in 2005, to retain a stake while aiming to complete a takeover in the next few years. The American merchant bank the Raine Group are overseeing the process for the Glazers. There have been three previous rounds of bids, without seeming to meet the Glazers’ valuation, though Ratcliffe had emerged as the favourite to complete a deal. Read More Eddie Howe: Football must learn from my confrontation with fan Dimitar Berbatov warns Harry Kane not to ‘tarnish’ Tottenham legacy by leaving You’re asking the wrong person – Emma Hayes not interested in title permutations
2023-05-17 18:15
UK Cracks Down on Landlords in Private Rental Sector Reform
The UK government is preparing to lay out a series of extra protections for tenants in the biggest
2023-05-17 17:58
Court orders Theranos founder Elizabeth Holmes to go to prison
Holmes was also ordered to pay $452m in restitution to the victims of the scandal.
2023-05-17 17:57
Wall Street’s Dependence on London Clearing Worries EU Watchdog
Wall Street banks have made “no significant moves” away from London’s dominant clearing service since Brexit, raising concerns
2023-05-17 17:56
Elon Musk Says Tesla Will Try Advertising
Tesla Inc. Chief Executive Officer Elon Musk said the electric-car maker will dabble in advertisements, a major shift
2023-05-17 17:56
Tencent’s Revenue Grows Most in Over a Year After China Reopens
Tencent Holdings Ltd. grew revenue at its fastest pace in more than a year, fueling hopes the world’s
2023-05-17 16:57
Sony to Buy Back Up to $1.5 Billion in Shares Over Next Year
Sony Group Corp. plans a buyback of up to 2.03% of its shares over the course of the
2023-05-17 16:56
Wall Street Splits on Cutting China Growth After Data Miss
Investment banks are split over whether weaker-than-expected Chinese economic data for April redefine the growth outlook for the
2023-05-17 16:27
SAP Says It’s Open to Acquisitions After Qualtrics Sale
SAP SE, which recently agreed to divest its stake in Qualtrics International Inc., is open to making acquisitions
2023-05-17 16:26