Business

Operator of S&P 500 decides against fast-tracking ‘MegaCap’ IPOs into its stock indexes

Friday, June 5 by SRN News

The operator of the S&P 500 says it has decided not to change its guidelines for when very large "MegaCap" companies are eligible for inclusion into its bevy of stock indexes. In its announcement Thursday, S&P Dow Jones Indices said its index committee weighed responses... Read More.

Saks Global wins court approval for bankruptcy restructuring

Friday, June 5 by SRN News

By Dietrich Knauth NEW YORK, June 5 (Reuters) - Saks Global received court approval for its bankruptcy restructuring on Friday, clearing the luxury retailer to exit from Chapter 11 with a smaller store footprint and lower debt. U.S. Bankruptcy Judge Alfredo Perez approved the company's Chapter... Read More.

Hot jobs report, rising rates send Wall Street’s tech favorites sprawling

Friday, June 5 by SRN News

NEW YORK, June 5 (Reuters) - Wall Street's best run in three years ended unhappily on Friday, with investors taking flight from hot technology shares, safe government bonds and gold alike following a strong May jobs report that reignited fears that U.S. interest rates... Read More.

US Senator Warren prods prediction markets regulator over bias, interference reports

Friday, June 5 by SRN News

WASHINGTON, June 5 (Reuters) - Senator Elizabeth Warren, the top Democrat on the U.S. Senate Banking Committee, prodded President Donald Trump's derivatives regulator on Friday over recent reporting in The New York Times that reported on outside interference and favoritism allegedly benefiting the crypto... Read More.

Blockbuster SpaceX IPO set to test high-flying US stocks rally

Friday, June 5 by SRN News

By Lewis Krauskopf NEW YORK, June 5 (Reuters) - The long-awaited, massive SpaceX initial public offering is expected next week, a major event for the U.S. stock market, with investors wary of possible overexuberance. Stock indexes fell on Friday as strong jobs data ignited fears of... Read More.

Commerzbank says UniCredit tender acceptances reach 7.85% in bid battle

Friday, June 5 by SRN News

By Valentina Za MILAN, June 5 (Reuters) - Commerzbank said on Friday that shares equivalent to 7.85% of its capital have so far been tendered under UniCredit's €40 billion takeover bid, as the two banks spar over the data's significance in their battle to win... Read More.

Analysis-Global oil inventories depleted, next price spike could roil economies, markets

Friday, June 5 by SRN News

By Georgina McCartney and Laura Matthews HOUSTON/NEW YORK, June 5 (Reuters) - Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil... Read More.

Airbus in limbo over early launch of larger A220, sources say

Friday, June 5 by SRN News

By Tim Hepher and Allison Lampert PARIS/RIO DE JANEIRO, June 5 (Reuters) - Airbus is wavering over when to launch a larger A220 jet due to a muted response from powerful leasing companies and a debate over range and performance, six industry sources said. After whetting... Read More.

Exclusive-Cargill in talks to sell metals unit to Macquarie, sources say

Friday, June 5 by SRN News

By Amy Lv, Winni Zhou, Ella Cao and Lewis Jackson SHANGHAI/BEIJING June 6 (Reuters) - Cargill is in talks to sell its metals unit to Macquarie Group, five sources with knowledge of the matter said, as the global trading house aims to focus on its... Read More.

Explainer-Why SpaceX faces a longer wait to join S&P 500

Friday, June 5 by SRN News

By Shashwat Chauhan and Johann M Cherian June 5 (Reuters) - SpaceX's entry into the S&P 500 will take longer after S&P Dow Jones Indices declined to relax rules for megacap IPOs, delaying billions in passive fund inflows from the potential inclusion. The decision keeps several... Read More.

Current Weather

Operator of S&P 500 decides against fast-tracking ‘MegaCap’ IPOs into its stock indexes

Saks Global wins court approval for bankruptcy restructuring

Hot jobs report, rising rates send Wall Street’s tech favorites sprawling

US Senator Warren prods prediction markets regulator over bias, interference reports

Blockbuster SpaceX IPO set to test high-flying US stocks rally

Commerzbank says UniCredit tender acceptances reach 7.85% in bid battle

Analysis-Global oil inventories depleted, next price spike could roil economies, markets

Airbus in limbo over early launch of larger A220, sources say

Exclusive-Cargill in talks to sell metals unit to Macquarie, sources say

Explainer-Why SpaceX faces a longer wait to join S&P 500

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