China Property Stocks Jump on Hopes for ‘White List’ Financing
Chinese property stocks climbed in Hong Kong trade amid rising hopes that Beijing will soon make dozens of companies eligible for financing, including developers that have defaulted on debt.
Colt Makes $1.74 Billion Offer for Vista Outdoor, Gate-crashing Rival Deal
Firearms manufacturer Colt CZ Group has made an unsolicited offer to acquire U.S. -based Vista Outdoor that values its equity at $1.74 billion, seeking to block the latter’s proposed merger with a Czech industrial technology company.
Brookfield Consortium’s Revised Origin Energy Offer Fails to Convince Biggest Shareholder
A consortium led by Brookfield Asset Management made last-ditch changes to its near $11 billion offer for Origin Energy but failed to convince Origin’s biggest shareholder to back the deal.
Bankrupt Crypto Lender Genesis Global Sues to Recover $689.3 Million in Digital Assets
Genesis Global has filed a lawsuit to recover about $689.3 million worth of digital assets that a former business partner withdrew from the cryptocurrency lender before it filed for chapter 11 bankruptcy protection.
GM’s Cruise Draws Plans to Resume a Downsized Robotaxi Service
General Motors’ Cruise driverless-car unit plans to focus on a single city and shelve plans for a GM-built shuttle, new president says.
Binance Penalties Include a Number of Crypto Industry Firsts
U.S. regulators’ settlement with the largest cryptocurrency exchange marked a new era in its enforcement efforts in the nascent sector.
Musk’s Social-Media Comments Spark Tesla Investor Backlash
Several shareholders have criticized Elon Musk’s actions after the Tesla CEO commented on an antisemitic post.
FAA Clears Boeing 737 Max 10 Jet for Test Flights
The long-awaited approval puts the company on track for the first deliveries of its bigger MAX model in 2024.
Altman to Return as OpenAI CEO After Days of Turmoil
The announcement marks the end of an impasse over who would lead the company that has become synonymous with the boom in AI technology.
Deere’s stock dives after outlook for earnings, sales disappoint
Deere’s stock dove Wednesday after the fiscal 2024 earnings outlook was well below Wall Street forecasts.
Source: Dow Jones Newswires