Business

Target investors reject proposal for independent board chair, support rises but stays below majority

Friday, June 12 by SRN News

June 12 (Reuters) - Target on Friday said its shareholders rejected a proposal to separate the roles of board chair and executive leadership, with 38.1% votes in support - above the 29% level achieved by a similar measure in 2024. The outcome allows former CEO... Read More.

First Brands moves ahead with liquidation plan

Friday, June 12 by SRN News

By Dietrich Knauth June 12 (Reuters) - A U.S. bankruptcy judge in Houston said on Friday bankrupt auto parts maker First Brands could move ahead with a liquidation plan that would fund lawsuits against the company's indicted founder and other insiders in an attempt to... Read More.

Heavy trading expected when SpaceX options launch in coming days

Friday, June 12 by SRN News

By Laura Matthews and Saqib Iqbal Ahmed NEW YORK, June 12 (Reuters) - Investors will soon get a new way to bet on SpaceX's trajectory: options on the stock are set to begin trading as soon as Tuesday, with early activity expected to be heavy,... Read More.

Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say

Friday, June 12 by SRN News

By Anton Bridge and Miho Uranaka TOKYO, June 13 (Reuters) - Japanese investors were willing to subscribe to more than 1 trillion yen ($6.2 billion) of shares in SpaceX's record-breaking IPO, two sources familiar with the offering said. The majority of the demand came from retail... Read More.

Private credit roundup: Reflecting on funding stress in Berlin

Friday, June 12 by SRN News

LONDON, June 12 (Reuters) - Senior executives in the private markets sector pointed to weaker incomes and challenges raising money at the industry's largest annual conference in Berlin this week, while consultancy Bain & Co said private equity is in a prolonged "liquidity crunch". Nicolas... Read More.

Díaz-Canel announces economic reforms to attract investment and involve Cubans abroad

Friday, June 12 by SRN News

HAVANA (AP) - Cuban President Miguel Díaz-Canel on Friday announced a package of economic reforms aimed at attracting investment, expanding participation by Cubans living abroad in the economy and decentralizing parts of the country's administration. The president did not provide details about the measures or... Read More.

Dom Perignon, moon pies and fortunes flow as Wall Street feted SpaceX’s historic IPO

Friday, June 12 by SRN News

By Dawn Kopecki and Akash Sriram NEW YORK, June 12 (Reuters) - The first day of SpaceX trading is over. Now, the parties begin. At the "Top of the House" of JPMorgan's $4 billion headquarters in midtown Manhattan on Friday, CEO Jamie Dimon will serve moon... Read More.

Exxon Mobil set to place Alex Volkov as head of global trading, sources say

Friday, June 12 by SRN News

By Arathy Somasekhar HOUSTON, June 12 (Reuters) - Exxon Mobil was poised to name Alex Volkov as head of global trading, two sources with knowledge of the matter said. On Thursday, Reuters reported that sources said Tracey Gunnlaugsson, who led the trading division since 2023,... Read More.

American Airlines to resume US flights to Haiti in November

Friday, June 12 by SRN News

By David Shepardson WASHINGTON, June 12 (Reuters) - American Airlines said Friday it will resume flights to Haiti on November 1 after major U.S. carriers suspended service to the Caribbean nation in late 2024. American will begin service to Cap-Haitien this fall and is the first... Read More.

Iran war is straining African airlines, industry body warns

Friday, June 12 by SRN News

NAIROBI, Kenya (AP) - The war in Iran is driving up jet fuel prices and worsening supply strains for African airlines, forcing carriers to review routes and raising fresh concerns about the stability of the continent's aviation network. The African Airlines Association (AFRAA) says the... Read More.

Current Weather

Target investors reject proposal for independent board chair, support rises but stays below majority

First Brands moves ahead with liquidation plan

Heavy trading expected when SpaceX options launch in coming days

Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say

Private credit roundup: Reflecting on funding stress in Berlin

Díaz-Canel announces economic reforms to attract investment and involve Cubans abroad

Dom Perignon, moon pies and fortunes flow as Wall Street feted SpaceX’s historic IPO

Exxon Mobil set to place Alex Volkov as head of global trading, sources say

American Airlines to resume US flights to Haiti in November

Iran war is straining African airlines, industry body warns

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