Trump’s Hush Money Trial Has Officially Begun. Here’s What’s At Stake
Jury selection began Monday in the first of former President Donald Trump’s criminal cases to go to trial, a case legal experts say is the weakest and most political but could nevertheless…
IKEA stores owner buys 49% stake in Swedish wind power projects
STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in three wind development projects offshore Sweden from renewables…
Norway’s Equinor eyes sale of stake in Statfjord field, presentation shows
OSLO (Reuters) – Norway’s Equinor is considering selling a 28% stake in Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes in several satellite fields, a presentation seen…
South Korea’s Kakao drops plan to sell stake in taxi-hailing unit
SEOUL (Reuters) – South Korean tech conglomerate Kakao Corp said on Thursday it is no longer exploring plans to sell about 10% of unit Kakao Mobility after objections from unionised employees and…
TV station owner Nexstar to buy majority stake in CW Network
(Reuters) – Nexstar Media Group, the largest local TV station owner in the United States, said on Monday it will acquire a majority stake in The CW Network, home to popular shows…
SoftBank shares rise 5% on news of trimming Alibaba stake
TOKYO -Shares in SoftBank Group Corp rose 5% in morning trading in Tokyo on Friday after the Japanese conglomerate said it would book a $34.1 billion gain by trimming its stake in…
Credit Suisse investor Harris says stake increase reflects reporting change
ZURICH – Credit Suisse shareholder Harris Associates’ increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, Finanz und Wirtschaft reported its Chief Investment…
Deutsche Telekom CEO eyes majority stake in T-Mobile US
BERLIN – Acquiring a majority stake in T-Mobile U.S. is a priority for Deutsche Telekom’s chief executive Timotheus Hoettgas, he said on Thursday after the telecoms operator published its second-quarter results. “This…
U.S. utility MDU Resources backs its strategy after Meister’s Corvex takes stake
By David French and Svea Herbst-Bayliss (Reuters) – MDU Resources Group Inc is confident in its current strategy, the company said on Tuesday, after activist investor Corvex Management unveiled a nearly 5%…
Berkshire Hathaway boosts Occidental Petroleum stake above 20%
By Jonathan Stempel August 8 – Warren Buffett’s Berkshire Hathaway Inc bought more shares of Occidental Petroleum Corp, surpassing the 20% stake where it could record some of the oil company’s earnings…
Japan intends to keep stake in Sakhalin-1 oil project – industry minister
By Yuka Obayashi TOKYO – Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned Western…
Berkshire CEO-designate Abel sells stake in energy company he led for $870 million
By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1%…
S.Korea’s Hyundai Motor Group plans to raise stake in startup – report
SEOUL – South Korea’s Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about 400 billion won ($308.19 million), a newspaper…
Activist Investor Elliott builds stake in PayPal – Bloomberg News
(Reuters) -Activist investor Elliott Investment Management is building a stake in PayPal Holdings Inc, as it plans to push the fintech giant to ramp up its cost-reduction efforts, Bloomberg News reported, citing…
‘Life On Earth Is At Stake’: CNN Correspondent Suggests Biden Use Military To Produce Electric Vehicles
‘Life On Earth Is At Stake’: CNN Correspondent Suggests Biden Use Military To Produce Electric Vehicles Laurel Duggan on July 26, 2022 CNN correspondent Bill Weir suggested that the Biden administration mobilize…
Florida Dem Governor Candidate Vowing To Legalize Pot Owns Huge Stake In Dispensary Chain, Filings Show
Florida Dem Governor Candidate Vowing To Legalize Pot Owns Huge Stake In Dispensary Chain, Filings Show Gabe Kaminsky on July 13, 2022 A Democratic Florida gubernatorial candidate who pledged to legalize marijuana…
Explainer – Inflation to nuclear power: What’s at stake in Japan’s election
By Elaine Lies TOKYO – Japan will vote in upper house elections on Sunday that have implications for Prime Minister Fumio Kishida’s grip on the ruling Liberal Democratic Party (LDP) and his…
Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake
By Jonathan Stempel and Akriti Sharma (Reuters) – Warren Buffett’s Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the…
GUNASEKARA: SCOTUS Drove A Stake Through The Heart Of Bloodsucking Bureaucracies
GUNASEKARA: SCOTUS Drove A Stake Through The Heart Of Bloodsucking Bureaucracies Mandy Gunasekara on July 1, 2022 For too long the regulatory state has run amok, and the U.S. Environmental Protection (EPA)…
Costco buys remaining stake in Taiwan joint venture for $1.05 billion
(Reuters) -Costco Wholesale Corp said on Thursday it bought the 45% stake it did not already own in its Taiwan joint venture, Costco-Taiwan, for $1.05 billion. The deal, executed through a unit,…
Kazakh tycoon gives up stake in major oil trader
NUR-SULTAN – Kazakh billionaire businessman Timur Kulibayev has handed to the state energy company his stake of 49% in Petrosun, a large oil and oil products trader controlled by China’s CNPC, Kazakh…
Toyota cuts stake in Uber by half, looks to maintain ties
(Reuters) – Japan’s Toyota Motor Corp has cut its stake in Uber Technologies Inc by about half after the ride-hailing giant divested the autonomous driving unit at the center of their collaboration.…
Berkshire Hathaway buys 9.6 million more Occidental shares, raises stake to over 16%
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc bought another 9.6 million shares of Occidental Petroleum Corp, boosting its stake to 16.3% as the oil company’s shares come off the year’s high. The…
TPG to acquire remaining stake in Convey Health, shares surge
By Chibuike Oguh NEW YORK – Private equity firm TPG Inc agreed to acquire all the outstanding shares of Convey Health Solutions Holdings it does not already own, in an all-cash transaction…
Japan’s SMFG plans to buy 10% stake in SBI worth over $443 million -Nikkei
TOKYO -Japan’s Sumitomo Mitsui Financial Group (SMFG) Inc is in final talks to acquire 10% of online financial giant SBI Holdings Inc in a deal likely worth over 60 billion yen ($443…
Explainer-What’s at stake in U.S. Supreme Court abortion case?
WASHINGTON – The conservative-majority U.S. Supreme Court is set to decide in the coming weeks whether to dramatically curb abortion rights when it rules on a case from Mississippi, potentially paving the…
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