/cloudfront-us-east-2.images.arcpublishing.com/reuters/UUIL3KGYJZJW7KG22VT5V4SOIA.jpg "Lloyds to launch nearly 0 mln Telegraph sale – Sky News")
June 6 (Reuters) – Lloyds Banking Group (LLOY.L) is set to launch a 600 million pound ($745.4 million) auction of the Telegraph newspapers and the Spectator magazine within days, amid a row with the brands’ owners, Sky News reported on Tuesday. The group intends to pursue this course as early as Wednesday and could remove … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/G7WJHVDR5RNJLMBSQDNJ4JIGV4.jpg "EV maker Fisker pushes into emission credit market to boost sagging business")
June 6 (Reuters) – Electric vehicle startup Fisker (FSR.N) has signed a deal to sell emission credits to a major automaker, looking to enter a market it is betting on to navigate a stormy economic environment and a price war sparked by Tesla (TSLA.O). The announcement on Tuesday comes barely a month after Fisker lowered … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JEM5ASAD6NKSFAAFG7ATIQORME.jpg "Adani Ports fourth-quarter profit takes hit from Myanmar port sale")
MUMBAI, May 30 (Reuters) – Adani Ports and Special Economic Zone Ltd (APSE.NS), part of the Adani Group, said on Tuesday that losses stemming from the sale of Myanmar port project impacted its fourth-quarter profit. India’s largest private port operator reported a 5.1% rise in net profit at 11.59 billion rupees from a year ago, … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/WWHVI3ZNW5NWZK5AWZTLD5RRRQ.jpg "Citigroup to pursue Mexico retail IPO after sale fails")
May 24 (Reuters) – Citigroup Inc (C.N) will pursue an initial public offering of its Banamex unit comprising consumer, small business and middle-market banking operations in Mexico, the bank said on Wednesday. Mexican conglomerate Grupo Mexico (GMEXICOB.MX) had been in talks to buy the unit, a person familiar with the matter had told Reuters earlier … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SZJDRXXH6NOJBFDGSWHHDD3WMQ.jpg "PacWest shares extend recovery on sale of real-estate lending unit")
May 24 (Reuters) – Shares of PacWest Bancorp (PACW.O) climbed 6.4% in premarket trading on Wednesday after the U.S. mid-sized lender agreed to sell its property lending unit in the second asset sale this week to bolster its balance sheet. The stock has nearly tripled in value to close at $7.38 on Tuesday since hitting … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RUYWPG35TVOOVMXYBDPJFPE4S4.jpg "PacWest shares extend gains on .6 bln real estate loan sale")
May 23 (Reuters) – PacWest Bancorp’s (PACW.O) shares rose nearly 13%, extending gains from the previous session driven mostly by news that the lender would sell $2.6 billion worth of its loan portfolio to bolster its finances. The stock was trading up at $7.06 on Tuesday, helping to lift the shares of other regional lenders … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HHEYRAEKDNPO3GFVOK2DX3EWPM.jpg "Yelp jumps as activist investor seeks sale or merger with Angi")
May 23 (Reuters) – Activist investor TCS Capital Management on Tuesday urged Yelp Inc (YELP.N) to either explore a sale or a merger with online-services company Angi Inc (ANGI.O), sending shares of the service-recommendation site 10% higher in premarket trading. Yelp is “shockingly undervalued” and could be sold for more than twice its share price, … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/B54IQXHT75O3DM4DS7DXNAS6HI.jpg "PacWest shares jump after .6 bln real estate loan sale")
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced that it had agreed to sell $2.6 billion worth of real estate construction loans at a discount in a bid to improve its balance sheet. PacWest’s stock rose nearly 20% on the deal, giving the Los Angeles-based … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/IYLYKD6XM5LWNFD5DPMYXWNDTQ.jpg "Walmart lifts annual sales, profit view on resilient consumer spending")
May 18 (Reuters) – Walmart Inc (WMT.N) raised its annual sales and profit targets on Thursday as shoppers snapped up its low-priced groceries and other essentials. Shares of the top U.S. retailer by sales rose 1% after it also reported better-than-expected results for the first quarter. Its stock has risen 5.5% in the year to … [Read more…]
May 15 (Reuters) – Vice Media Group, the company popularly known for its websites such as Vice and Motherboard, said on Monday it had filed for Chapter 11 protection to facilitate its sale. The company said in a court filing that it listed both assets and liabilities in the range of $500 million to $1 … [Read more…]