Credit Suisse saw $68 billion in first-quarter outflows as it crumbled
(Reuters) – Credit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in…
Norway’s oil fund to vote against climate resolution at BP
(Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, said on Saturday it will vote against…
Canada, Volkswagen to invest more than C$20 billion in EV battery gigafactory
(Reuters) -Canada and Volkswagen (ETR:VOWG_p) on Friday together committed more than C$20 billion ($14.8 billion) for a battery gigafactory in…
Samsung hit with $303 million jury verdict in computer-memory patent lawsuit
(Reuters) – Computer-memory company Netlist (OTC:NLST) Inc convinced a federal jury in Texas on Friday to award it more than…
Nasdaq appoints Cohen and Griggs each as presidents, formalizing new structure
(Reuters) – Nasdaq Inc on Friday said its board appointed Tal Cohen and Nelson Griggs each as presidents, formalizing the…
Walmart offloads second e-fashion brand in days with focus on margins
Walmart (NYSE:WMT) Inc is selling plus-size fashion brand Eloquii Inc just over a week after it agreed to offload menswear…
Henkel expects net financial loss from sale of Russia business
Henkel on Friday said it expects to see a net financial loss in the deal to sell its Russian business.…
Novavax stock dips as TD Cowen moves to sidelines, cuts target by over 80%
TD Cowen analysts downgraded Novavax (NASDAQ:NVAX) stock to Market Perform from Outperform, citing “significant uncertainties about the pending Gavi arbitration & commercial…
Lordstown Motors gets Nasdaq delisting notice, explores reverse stock split
(Reuters) – Lordstown Motors Corp said on Thursday it has received a delisting notice from Nasdaq and is evaluating actions…
Luxury industry under scrutiny as EU targets Gucci and others
(Reuters) – Europe’s flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators started inspecting a…