CMPNY

Explainer: How a massive options trade by a JP Morgan fund can move markets

NEW YORK, June 28 (Reuters) – A nearly $17 billion JP Morgan fund is expected to reset its options positions on Thursday, potentially adding to equity volatility at the end of a dismal first half for stocks. Analysts say the JPMorgan Hedged Equity Fund’s reset roiled markets in the closing hours of the last quarter …

Explainer: How a massive options trade by a JP Morgan fund can move markets Read More »

Bankman-Fried’s FTX says no talks to acquire Robinhood

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register June 27 (Reuters) – Sam Bankman-Fried’s FTX crypto exchange said it is not in talks to acquire …

Bankman-Fried’s FTX says no talks to acquire Robinhood Read More »

GE CEO Culp expands role to head aviation unit

General Electric Co. Chief Executive Officer Larry Culp mingles with shareholders at the company’s annual meeting in Tarrytown, New York, US, May 8, 2019. REUTERS/Alwyn Scott/File Photo Register now for FREE unlimited access to Reuters.com Register June 27 (Reuters) – General Electric Co (GE.N) said on Monday Chief Executive Larry Culp will also head its …

GE CEO Culp expands role to head aviation unit Read More »

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first …

Credit Suisse found guilty in cocaine cash laundering case Read More »

Chevron to relocate head office within California, sell existing HQ

A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Chevron Corp (CVX.N) is planning to relocate its global headquarters to a new leased space in California and sell its existing head office in the …

Chevron to relocate head office within California, sell existing HQ Read More »

Celsius Network hires advisors to prepare for potential bankruptcy – WSJ

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street …

Celsius Network hires advisors to prepare for potential bankruptcy – WSJ Read More »

Toyota, Suzuki take hybrid route in India for local, global markets

NEW DELHI, June 24 (Reuters) – Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) on Friday said they would begin production of hybrid vehicles in India, a category that Toyota has said is currently best suited to such markets. A Toyota plant in southern India would in August begin building a hybrid sport utility …

Toyota, Suzuki take hybrid route in India for local, global markets Read More »

Boohoo names Trainline’s McCabe as finance chief

A woman poses with a smartphone showing the Boohoo app in front of the Boohoo logo on display in this illustration taken September 30, 2020. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – British online fashion retailer Boohoo (BOOH.L) on Thursday named Trainline’s (TRNT.L) chief financial officer …

Boohoo names Trainline’s McCabe as finance chief Read More »

Brookfield raises $15 bln for climate-focused fund

June 22 (Reuters) – Canada’s Brookfield Asset Management (BAMa.TO), said on Wednesday it had raised $15 billion for its first impact fund focused on the global transition to a net-zero carbon economy. The fundraise comes at a time when investors and lawmakers across the globe have been questioning businesses about their environmental and social impact …

Brookfield raises $15 bln for climate-focused fund Read More »

Musk says Tesla’s new car factories ‘losing billions of dollars’

San Francisco, June 22 (Reuters) – Tesla Inc’s (TSLA.O) new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said recently. “Both Berlin and Austin factories are gigantic money furnaces right now. Okay? …

Musk says Tesla’s new car factories ‘losing billions of dollars’ Read More »