Lloyds Banking Group to close 45 branches amid industry shift to digital banking
In a significant move signaling the banking industry’s shift towards digital services, Lloyds Banking Group (LON:LLOY) has announced today the…
Elliott takes $1 billion stake in US oil refiner Phillips 66, urges board revamp
(Reuters) – Elliott Investment Management has taken a $1 billion stake in Phillips 66 (NYSE:PSX) and is urging the U.S.…
Global firms rush to buy Alipay’s stake in India’s Zomato
(Reuters) – Global money managers and banks ranging from Vanguard to Goldman Sachs as well as the Singapore government rushed…
Toyota and affiliates divest 8% stake in Denso in $4B deal
Toyota (NYSE:TM) and two related companies have announced plans to divest a minimum of 8% stake in supplier Denso (6902.T),…
Oil gains ahead of OPEC+ meeting as Black Sea shutdowns provide support
(Reuters) -Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output policy,…
Pro Research: Wall Street eyes Microsoft’s AI strategy
In the ever-evolving tech landscape, Microsoft Corporation (NASDAQ:MSFT) stands out as a beacon of innovation and strategic growth. With a…
Pro Research: wall Street takes a closer look at Cisco’s prospects
In the competitive landscape of networking and telecommunications, Cisco Systems Inc (NASDAQ:CSCO). stands as a formidable player. The company’s journey…
US Supreme Court weighs legality of SEC in-house enforcement
(Reuters) – The U.S. Supreme Court began hearing arguments on Wednesday on the legality of the Securities and Exchange Commission’s…
Cuban rum makers fret as another dismal sugar harvest looms
(Reuters) – Producers of Cuba’s famous rum are feeling the pinch with local sugar output forecast to remain at record…
KKR to buy remaining stake in insurer Global Atlantic for $2.7 billion
(Reuters) – KKR & Co (NYSE:KKR) said on Wednesday it would buy a remaining 37% stake in Global Atlantic Financial…