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May 24, 2022

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JPMorgan raises 2022 interest income outlook, shares rally 7%

Reuters
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – JPMorgan Chase & Co (JPM.N) lifted its forecast for interest income and affirmed its......

EXCLUSIVE General Atlantic plans $2 billion investment in India, Southeast Asia

Reuters
The logo of the upcoming World Economic Forum 2022 (WEF) is pictured on a window at the congress center, in the Alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – Global private equity......

Saudi Arabia’s Alwaleed to sell 16.87% of Kingdom Holding to PIF for $1.5 bln

Reuters
Saudi Arabian billionaire Prince Alwaleed bin Talal attends the investment conference in Riyadh, Saudi Arabia October 23, 2018. REUTERS/Faisal Al Nasser Register now for FREE unlimited access to Reuters.com Register DUBAI, May 22 (Reuters) – Saudi billionaire Prince Alwaleed bin Talal has signed an agreement with Saudi Arabia’s powerful sovereign......

Musk says ‘Tesla is on my mind 24/7’ amid concerns about Twitter distraction

Reuters
SAN FRANCISCO, May 19 (Reuters) – Tesla (TSLA.O) CEO Elon Musk said on Thursday that “Tesla is on my mind 24/7,” trying to soothe investor worries about him being distracted by a Twitter (TWTR.N) deal that has depressed stocks at the electric car company. Posting a picture showing a woman......

Centennial, Colgate Energy combine to create $7 bln oil producer

Reuters
May 19 (Reuters) – Centennial Resource Development Inc (CDEV.O) and Colgate Energy Partners III LLC have agreed to a merger of equals, the companies said on Thursday, creating a $7 billion Permian Basin-focused U.S. oil and gas producer. The deal comes when global crude prices have surged after sanctions on......

Kohl’s loses two senior executives as it looks for a buyer

Reuters
The sign outside a Kohl’s store is seen in Broomfield, Colorado February 27, 2014. REUTERS/Rick Wilking Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Kohl’s Corp (KSS.N) said on Wednesday two of its senior executives are stepping down from their roles, as the U.S. department......

Britishvolt, Scorpio Group to research maritime EV batteries, storage

Reuters
A view shows stacked shipping containers at the port of Felixstowe, Britain, October 13, 2021. REUTERS/Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, May 18 (Reuters) – Britishvolt said on Wednesday that Monaco-based Scorpio Group had made a strategic investment in the electric vehicle (EV) battery......

Elon Musk’s SpaceX is poised to become the most valuable U.S. startup

Reuters
May 17 (Reuters) – Billionaire Elon Musk’s SpaceX is poised to become the most valuable U.S. startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market, sources familiar with the matter told Reuters. The shares, which are marketed at about $72, jumped......

UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion

Reuters
The Vodafone logo is seen at the Mobile World Congress in Barcelona, Spain, February 28, 2018. REUTERS/Sergio Perez/File Photo Register now for FREE unlimited access to Reuters.com Register DUBAI, May 14 (Reuters) – Emirates Telecommunications Group Company PJSC (ETISALAT.AD), now known as e&, has acquired a 9.8% stake in Vodafone......

EQT pushes back Galderma IPO plans amid market turmoil – sources

Reuters
A Swiss flag is pictured on the Federal Palace (Bundeshaus) in Bern, Switzerland December 7, 2018. Picture taken December 7, 2018. REUTERS/Denis Balibouse/ Register now for FREE unlimited access to Reuters.com Register LONDON, May 13 (Reuters) – EQT (EQTAB.ST) is delaying listing plans for its $22 billion skincare firm Galderma......

DigitalBridge buys data center company Switch for $11 billion

Reuters
May 11 (Reuters) – DigitalBridge Group Inc (DBRG.N) has agreed to buy data center operator Switch Inc (SWCH.N) for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds. Boca Raton, Florida-based DigitalBridge and Australian infrastructure investor......

Explainer: Can Elon Musk renegotiate a lower price for his Twitter deal?

Reuters
May 11 (Reuters) – Twitter Inc (TWTR.N) shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world’s richest person will try to renegotiate the deal. On Tuesday, the implied......

Egan-Jones backs 4 of Macellum’s dissident board director candidates at Kohl’s

Reuters
The logo and trading informations for Kohl’s is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 9 (Reuters) – Proxy advisory firm Egan-Jones......

Suncor CEO Little faces scrutiny after activist Elliott takes aim

Reuters
May 8 (Reuters) – Three months ago Mark Little, the chief executive of Canadian oil and gas major Suncor Energy (SU.TO), issued a mea culpa. In January two trucks had crashed at an oil sands mine in northern Alberta, killing one person. This raised the number of on-the-job fatalities at......

Musk’s $44 bln Twitter buyout challenged in shareholder lawsuit

Reuters
May 6 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension......

EXCLUSIVE Recruitment software maker iCIMS raises funding from TA Associates after pulling IPO

Reuters
May 5 (Reuters) – Recruitment software company iCIMS has raised fresh capital from U.S. private equity firm TA Associates after scrapping plans to go public, its chief executive told Reuters on Thursday. Already backed by private equity firm Vista Equity Partners, iCIMS did not disclose how much it raised from......

Musk to lead Twitter temporarily after $44 bln takeover – source

Reuters
May 5 (Reuters) – Elon Musk is expected to become Twitter’s temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal. Musk, the world’s richest man, is also......

U.S. Congress edges toward massive China competition bill, with Iran votes

Reuters
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 4 (Reuters) – The U.S. Congress edged closer on Wednesday toward completing......

Activist firm Elliott pushes Western Digital to split its businesses

Reuters
May 3 (Reuters) – Elliott Management on Tuesday disclosed it held a stake of nearly $1 billion in Western Digital and pushed the company to conduct a strategic review and split off its flash-memory business. New York-based Elliott, one of the world’s most prominent activist investors, argued in a letter......

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