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Updated: 4 years 23 weeks ago
UPDATE 1-Vroom aims to raise up to $318.8 million in IPO
Online used car seller Vroom Inc aims to
raise up to $318.8 million in its initial public offering, which
is expected to be priced in the range of $15 to $17 per share.
Categories: Business News
UPDATE 1-MTV goes dark, record labels hit pause as U.S. protests rage
Youth television channel MTV and other
stablemate channels said they will go dark around the world on
Monday to mark the death in police custody of George Floyd,
joining other U.S. entertainment outlets in condemning racial
inequality.
Categories: Business News
U.S. companies issue shares at fastest rate ever, selling the rally
U.S. public companies sold more
than $60 billion in shares in May, the biggest monthly haul
ever, as they capitalized on a stock market rally fueled by
hopes that the COVID-19 pandemic is subsiding.
Categories: Business News
UPDATE 1-U.S. court refuses to shield VW in diesel scandal lawsuits
A U.S. appeals court ruled on Monday that
Volkswagen AG cannot escape potential financial
penalties from two counties in Florida and Utah that may amount
to a "staggering" additional liability arising from the German
automaker's diesel emissions scandal.
Categories: Business News
GLOBAL MARKETS-World equities edge higher despite U.S.-China tensions
World stock markets hovered
near three-month highs and safe-haven government bonds inched
lower as risk appetite grew on signs that the global economic
downturn has bottomed, despite worries over violent protests in
the United States and unease over Washington's standoff with
Beijing.
Categories: Business News
US STOCKS-Wall Street closes higher as recovery signs soothe protest, pandemic worries
Categories: Business News
Vroom sets IPO price range of $15-$17 per share
Online used car seller Vroom Inc said its
initial public offering was set to be priced in the range of $15
to $17 per share, aiming to raise about $318.8 million at the
top end of the range.
Categories: Business News
UPDATE 2-HollyFrontier to convert oil refinery into renewable diesel plant
HollyFrontier Corp said on Monday
it will convert its 52,000 barrels per day oil refinery in
Cheyenne, Wyoming into a renewable diesel plant to try to tap
into growing demand for the alternative fuel.
Categories: Business News
US STOCKS-Wall Street closes higher as recovery signs soothe protest, pandemic worries
U.S. stocks posted gains on
Monday as signs of U.S. economic recovery helped offset jitters
over increasingly violent social unrest amid an ongoing pandemic
and rising U.S.-China tensions.
Categories: Business News
UPDATE 1-Canada bank CEOs call for action on racism as protests rage across U.S.
Chief executives of
Toronto-Dominion Bank and Canadian Imperial Bank of
Commerce on Monday called for action to tackle racism,
as violent protests raged across the United States over racial
inequities and excessive police force.
Categories: Business News
Reitmans Canada to shutter Addition Elle, Thyme Maternity brands
Clothing retailer Reitmans Canada Ltd
said on Monday it would permanently shutdown its Thyme
Maternity and Addition Elle brands and slash its work force by
about 1,400 employees as part of a restructuring plan.
Categories: Business News
EMERGING MARKETS-Latam stocks track broader rally; Brazil's real dips
Latin American stocks rose on Monday,
tracking their global peers amid some relief over Sino-U.S.
tensions, while Brazil's real fell on further concerns over the
country's economic outlook.
The MSCI's index of regional shares rose
2.6
Categories: Business News
Volkswagen says ready to restart Mexico operations on June 15
The Mexican unit of
Germany's Volkswagen AG said on Monday the automaker was ready
to restart operations in the states of Puebla and Guanajuato on
June 15 after activity was idled in late March due to the
coronavirus pandemic.
Categories: Business News
UPDATE 1-Brazil's Marfrig, labor prosecutors agree more protection for workers amid pandemic
Meatpacker Marfrig Global
Foods has signed a settlement with labor prosecutors
in Brazil to improve protections for workers amid outbreaks of
COVID-19 cases in food plants, labor prosecutors said in a
statement on Monday.
Categories: Business News
Hedge fund Angelo Gordon raising $1.5 bln for distressed energy debt -sources
Hedge fund Angelo
Gordon & Co aims to raise as much as $1.5 billion to buy the
debt of distressed oil and gas companies, according to a person
familiar with the matter and an investor presentation viewed by
Reuters.
Categories: Business News
U.S. appeals court: VW may face 'enormous' diesel liability
A U.S. appeals court ruled
Monday Volkswagen AG may face "enormous" additional liability in
the "Dieselgate" scandal finding that two counties can enforce
regulations against the German automaker for tampering with
post-sale vehicles.
Categories: Business News
UPDATE 3-Facebook's Zuckerberg faces employee backlash over Trump protest comments
Facebook employees accusing Chief
Executive Mark Zuckerberg of inadequately policing U.S.
President Donald Trump's posts took to Twitter to praise the
rival social media platform for acting and rebuke their own
employer.
Categories: Business News
Marriott opens all hotels in China, sees steady U.S. recovery - CEO
Marriott International has
reopened all its hotels in China and is seeing a steady recovery
in the United States, its biggest market, Chief Executive
Officer Arne Sorenson said on Monday.
Categories: Business News
