NJ couple indicted in $2.3M Ponzi scheme used investor money to buy mansion
TRENTON, N.J. — A Middlesex County couple has been indicted by a state grand jury for allegedly orchestrating a Ponzi-style fraud that siphoned more than $2 million from investors through false promises…
US, European bellwethers best expectations, boost investor confidence
By David Gaffen (Reuters) – A broad swath of global industrial and consumer bellwethers reported stronger-than-expected earnings in their most recent quarter, as resilient spending patterns kept profits afloat despite high interest…
Billionaire investor Ackman says ‘covered our bond short’
(Reuters) – Bill Ackman’s hedge fund Pershing Square Capital Management has covered its bond short position, the billionaire investor posted on Monday, saying it was too risky to remain short bonds at…
New Jersey Real Estate Investor and Online Influencer Charged with Multimillion-Dollar Investment Fraud Scheme
NEWARK, NJ. – A New Jersey real estate investor and influencer was arrested today for committing a multimillion-dollar Ponzi-like investment fraud scheme, U.S. Attorney Philip R. Sellinger announced. Cesar Humberto Pina, 45,…
GM cancels Nov. 16 investor day, will move to next year
(Reuters) – General Motors said it has canceled a Nov. 16 investor day event and will move it to early next year to allow company leaders to focus on ongoing labor talks.…
Exclusive-Apollo seeking to join airline SAS investor consortium -source
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – U.S. private equity firm Apollo Global Management is seeking to join the consortium that Scandinavian airline SAS last week picked to take it through bankruptcy proceedings,…
Australian fund IFM holds investor meeting in Spain as it seeks to expand
By Pietro Lombardi MADRID (Reuters) – Australian fund IFM Investors will bring major international investors to Madrid next week as it hopes to expand its presence in the country in sectors tied…
Drop in euro zone investor mood slows in October – survey
BERLIN (Reuters) – Investor morale in the euro zone fell less than expected at the start of October, with Germany’s economic weakness continuing to drag on the region but expectations rising slightly,…
EV startup Fisker raises $150 million from existing investor
(Reuters) – Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, the electric-vehicle startup said on…
Investor Engine Capital asks Parkland to cut debt, start buyback plan
(Reuters) – Activist investor Engine Capital on Tuesday urged fuel marketer Parkland to reduce its debt and announce new share buyback plans. In its latest letter to the board, the investor asked…
Xavier Niel buys Czech investor Kretinsky’s stake in Le Monde
PARIS (Reuters) – NJJ Presse, a holding of French telecoms maverick Xavier Niel, has purchased Czech billionaire Daniel Kretinsky’s stake in daily Le Monde and committed to transferring this and its existing…
Qantas chairman refuses to quit amid investor pressure – ABC News
(Reuters) – Australia’s Qantas Airways’ chairman has refused to step down even as investors continued to demand his resignation amid a slew of scandals that have affected the carrier, ABC News reported…
Former Elliott investor Markel to launch fund -sources
By Nell Mackenzie LONDON (Reuters) – Former Elliott Investment Management investor Leo Markel will launch a London-based fund called Finch Bay Capital in the first quarter of 2024 and expects to raise…
Activist investor Politan Capital increases ownership in Azenta -filing
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor Politan Capital Management said on Thursday that it has economic exposure to 4.5 million shares or 7.5% of biotechnology company Azenta Inc, according…
Sleep Number investor Stadium Capital pushes for board shakeup -letter
By Svea Herbst-Bayliss NEW YORK (Reuters) -Investment firm Stadium Capital Management wants to shake up the board of bed and mattress maker Sleep Number Corp following more than a decade of poor…
Real Estate Investor Gets 2 Years for Mortgage Fraud
NEWARK, NJ – Anthony Garvin, a 53-year-old real estate investor from Jersey City, was sentenced to 24 months in prison today for his role in a home equity line of credit fraud…
Analysis-Potential US government shutdown could dent investor confidence
By David Randall NEW YORK (Reuters) – A potential U.S. government shutdown at the end of September could add to worries about the economy going into year-end and beyond, investors said. Current…
U.S. proxy solicitor Okapi forms alliance with Investor Update Ltd to expand abroad
NEW YORK (Reuters) – Okapi Partners, which counsels on proxy fights and mergers and acquisitions, is joining forces with UK-headquartered shareholder intelligence firm Investor Update Ltd to expand abroad, tapping a surge…
Thai stock investor confidence at 7-month high over new govt
BANGKOK (Reuters) – Investor confidence in Thailand’s stock market has hit a seven-month high boosted by the formation of a new government, although China’s slowing economy is a concern, a survey by…
Euro zone investor mood darkens in Sept -survey
FRANKFURT (Reuters) – Investor morale in the euro zone fell more than expected at the start of September as Germany’s economic weakness remained a major drag on the region, a survey showed…
Global money market funds see significant inflows amid investor caution
(Reuters) – Global money market funds drew significant inflows in the week ended Aug. 30, as investors sought safety amid increasing perception that major central banks would maintain elevated interest rates for…
Investor Tarsadia urges Cue Health to review options, add new director
By Svea Herbst-Bayliss NEW YORK (Reuters) -Tarsadia Investments wants Cue Health to review its strategy, including a possible sale, to help reverse its stock plunge of 98% in the last two years.…
Investor pressure group urges G20 to reform agricultural subsidies
By Simon Jessop LONDON (Reuters) – A group of 32 investors managing $7.3 trillion in assets have urged the G20 group of wealthier countries to align agricultural subsidies with their climate and…
Activist investor Elliott Investment Management dissolves stake in PayPal
(Reuters) – Activist investor Elliott Investment Management has dissolved its stake in payments giant PayPal, according to a filing with the U.S. Securities and Exchange Commission. (Reporting by Manya Saini in Bengaluru;…
Exclusive-Amazon in talks to become anchor investor in Arm ahead of IPO -sources
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its…
Eurozone investor mood stops nosedive in August
BERLIN (Reuters) – Investor morale in the euro zone unexpectedly rose in August, ending three consecutive months of decline as inflation has lost some of its explosive power, but there are no…
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