Author Archives: Syndicated Content
California private debt fund manager charged by U.S. prosecutors with fraud
By Jonathan Stempel and Lawrence Delevingne (Reuters) - A Los Angeles-area money manager who became a prominent advocate for direct lending to businesses has been criminally charged with defrauding cl...
Aug 11, 2020
Kodak expects sales volumes to rebound after COVID-19 hit
(Reuters) - Eastman Kodak Co said on Tuesday it expects sales volumes and working capital to improve in the current quarter after reporting a 31% decline in quarterly revenue due to the COVID-19 pande...
Aug 11, 2020
Tesla launches five-for-one stock split
(Reuters) - Tesla Inc on Tuesday announced a five-for-one stock split, as the electric carmaker looks to make its shares more attractive to retail investors following a stunning rally this year. Share...
Aug 11, 2020
Vir Biotech to begin mid-to-late stage study of COVID-19 drug candidate in August
(Reuters) - Vir Biotechnology Inc said on Tuesday it plans to start a mid-to-late stage trial of its COVID-19 drug candidate in August, as drugmakers across the globe rush to find treatments for the h...
Aug 11, 2020
Chevron sought stake in Noble Energy’s gas-field before bidding for company
HOUSTON (Reuters) - Chevron Corp last year proposed to acquire an at least 50% stake in Noble Energy's Eastern Mediterranean natural-gas fields, leading to July's all-stock deal, a proxy filing on Tue...
Aug 11, 2020
Fed revises pricing on municipal liquidity facility
(Reuters) - The Federal Reserve on Tuesday revised the pricing on the $500 billion Municipal Liquidity Facility, a program launched during the coronavirus pandemic to support state and local governmen...
Aug 11, 2020
Brazil central bank grasps new tool in crisis fight: forward guidance
By Jamie McGeever BRASILIA (Reuters) - Brazil's central bank has adopted a new "forward guidance" strategy to keep interest rates and bond yields low, bring inflation up to target and stimulate the ec...
Aug 11, 2020
Monday storm impacts some 10 million acres of Iowa farmland
CHICAGO (Reuters) - Monday's Derecho storm potentially impacted some 10 million acres of Iowa farmland and millions of bushels of grain storage, the state's Agriculture Secretary Mike Naig said at a n...
Aug 11, 2020
Trump’s pick for Latam bank bullish despite rising pushback
By Cassandra Garrison and Eliana Raszewski BUENOS AIRES (Reuters) - A Trump administration official nominated to lead Latin America's main development bank on Tuesday dismissed the growing regional op...
Aug 11, 2020
Racing Point F1 row heading to court after rivals appeal
By Alan Baldwin LONDON (Reuters) - The row over Racing Point's Formula One car was heading for court after rivals Ferrari and Renault confirmed on Tuesday they would appeal a stewards' decision. Silve...
Aug 11, 2020
