SHRACT

Adani abandons $2.5 bln share sale in large setback to Indian tycoon

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NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship agency known as off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller’s criticisms wiped billions extra off the worth of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) share providing marks a … Read more

Unilever names former Heinz exec Schumacher as CEO

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To turn into CEO July 1 Activist shareholder says met Schumacher when at Heinz First outsider CEO since Paul Polman appointed in 2008 Unilever shares outpace FTSE 100 LONDON, Jan 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to interchange Alan Jope as chief government from July in a transfer that was welcomed by … Read more

Adani’s $2.5 billion share sale faces essential day after rout

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NEW DELHI, Jan 29 (Reuters) – Gautam Adani faces a vital day on Monday together with his flagship firm’s $2.5 billion share sale’s second day of bidding overshadowed by a $48 billion rout within the Indian billionaire’s shares which was sparked by a U.S. quick vendor’s report. Seven listed firms belonging to the Adani conglomerate, … Read more

Adani hits again at Hindenburg, says it made all disclosures

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Adani points 413-page rebuttal to Hindenburg report U.S. short-seller’s report sparked falls in Adani shares Adani says complies with legal guidelines, essential disclosures Adani CFO assured $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued an in depth riposte on Sunday to a Hindenburg Analysis report that sparked … Read more

Wall Road extends rally, powered by tech bounce

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Baker Hughes falls on lacking This autumn revenue estimates Activist investor Elliott Administration takes stake in Salesforce Chips surge on Barclay’s improve Indexes up: Dow 0.76%, S&P 1.19%, Nasdaq 2.01% NEW YORK, Jan 23 (Reuters) – Wall Road closed sharply greater on Monday, fueled by surging expertise shares as buyers started an earnings-heavy week with … Read more

Goldman misses revenue estimates as dealmaking slumps, client enterprise hit

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Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter revenue because it struggled with a droop in dealmaking, a drop in asset and wealth administration income and booked losses at its client enterprise. Wall Avenue banks are making deep cuts to their workforce and streamlining their … Read more

U.S. railroad investor resolutions urge paid sick depart for staff

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Dec 5 (Reuters) – Traders have proposed shareholder resolutions at two U.S. railroads calling for paid sick depart for staff, a difficulty that just about prompted a nationwide rail strike, they usually might go to an advisory vote at shareholder conferences within the spring. On Friday President Joe Biden signed laws to dam a rail … Read more

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

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Deal comes amid stress from Chinese language shareholder Analysts hail ‘smart’ transaction Financial institution may return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to promote its enterprise in Canada to Royal Financial institution of Canada (RY.TO) for C$13.5 billion ($10 billion) in money, paving the best way for … Read more

Foxconn apologises for pay-related error at China iPhone plant after employee unrest

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Foxconn says it’s working with workers to resolve disputes Main iPhone manufacturing unit rocked by protests over pay, circumstances Apple says it has staff on the bottom in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) stated on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone manufacturing unit in … Read more

Philip Morris clinches Swedish Match after smoking out opposition

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PMI needs 90% stake for compulsory buyout of minorities PMI believes that target can eventually be reached PMI says top 10 Swedish Match investors tendered shares Nov 7 (Reuters) – Marlboro maker Philip Morris International (PMI) (PM.N) overcame some opposition to clinch 83% of Swedish Match (SWMA.ST), short of the 90% it wanted but enough … Read more