Third Point unveils nearly $1 billion stake in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday unveiled a nearly $1 billion stake in The Walt Disney Company. (DIS.N) She said she plans to push the media company to make a series of changes, from breaking up cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor … Read more

NYSE writedowns suggest Beijing may be willing to compromise on US review dispute analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, US, June 14, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register HONG KONG (Reuters) – The move to delist five Chinese state-owned companies from the New York Stock Exchange (NYSE) suggests Beijing may be … Read more

UK first to approve Omicron COVID shot with Moderna . gesture

A nurse prepares a dose of a coronavirus disease (COVID-19) vaccine at Glanguile General Hospital in Carmarthen, Wales, Britain, April 7, 2021. Jacob King/Pool via REUTERS Register now to get free unlimited access to Reuters.com Register British JCVI decides how to publish the shot UK to start another COVID promotion program in autumn Moderna expects … Read more

Five Chinese state-owned companies should be delisted from the New York Stock Exchange

SHANGHAI/HONG KONG (Reuters) – Five Chinese state-owned companies including China Life Insurance Co. (601628.SS) And the giant oil company Sinopec (600028.SS) On Friday, he said they would remove their names from the New York Stock Exchange, amid rising diplomatic and economic tensions with the United States. Companies that also include China Aluminum Corporation (Shalco) (601600.SS)PetroChina … Read more

US gasoline prices fall below $4 for the first time since March

Decreased demand for gasoline in the summer Low-income families spend less with lower prices The US retail price hit a record high in June (Reuters) – The average retail price of gasoline in the United States fell below $4 a gallon on Thursday for the first time in months, giving some relief to drivers in … Read more

Fed officials say more rate hikes are needed, despite slowing inflation

A picture of the Federal Reserve building in Washington, DC, US, August 22, 2018. REUTERS/Chris Watty/File Photo Register now to get free unlimited access to Reuters.com Register Kashkari sticks to his view on the 3.9% fed funds rate at the end of 2022 Evans sees 3.4% policy rate this year Both are pushing back market … Read more

SoftBank earns $34 billion from Alibaba stake cut

Cut the stake in the Chinese tech company to 14.6% from 23.7% He says the move will strengthen defenses against a market downturn Booked a loss of $50 billion in the Vision Fund unit in the first half TOKYO, Aug 10 (Reuters) – SoftBank Group Corp. (9984.T) On Wednesday, it said it would gain $34.1 … Read more

Factory inflation in China hits 17-month low, consumer prices accelerate

A worker walks in front of steel coils at the Chongqing Iron and Steel Plant in Changshu, Chongqing, China, August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now to get free unlimited access to Reuters.com Register Producer inflation in July at its lowest level since February 2021 Consumer price inflation in July at its highest level … Read more

Aluminum foundry struggles to survive in European gas crisis

The family-owned aluminum foundry experiences a new transformation style Planning to maintain production and reduce gas use Automakers warn that production cuts are inevitable if suppliers shut down Scaling up new gas-free technologies will take years Industry says suppliers need more help to innovate SOLTAU, Germany, Aug. 9 (Reuters) – Screaming for the din of … Read more

With cash flowing in, Pfizer buys Global Blood Therapeutics in a $5.4 billion deal

Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash to Global Blood Therapeutics, the maker of sickle cell disease drugs. (GBT.O)as it looks to benefit from increased revenue from the COVID-19 vaccine and treatment. Pfizer will pay $68.50 per GBT share, which represents a 7.3% premium over Friday’s closing … Read more