In a statement Coherent Inc said, Lumentum Holdings Inc has raised its offer for the company to $6.9 billion in a three-way takeover battle for the laser firm. Under the terms of the new bid, Coherent shareholders will receive $220… Read More ›
shares
Baidu raises $3.08 billion from Hong Kong secondary listing
According to two sources with direct knowledge of the matter at hand, China’s Baidu Inc is set to raise $3.08 billion by pricing its shares at $HK252 each in its Hong Kong secondary listing. The New York listed Baidu is… Read More ›
Jim Bell resigns as GameStop’s CFO
In a statement GameStop said, its Chief Financial Officer Jim Bell will be stepping down next month with the video game retailer saying, it is increasingly focusing on shifting into technology-driven sales. GameStop reiterated that Bell’s resignation was not due… Read More ›
Shares of Chinese drone maker EHang Holdings plunge, following report of inaccuracies in financial reporting
Shares of Chinese drone maker EHang Holdings Ltd’s plunged on Tuesday following a report by an investment research firm which stated that it had shorted the stock and questioned the accuracy of its business reporting. Shares of Guangzhou, China-based EHang’s… Read More ›
SoftBank Group Corp’s shares soar above 10,000 yen, hits two decade high
On Tuesday, shares of SoftBank Group Corp soared above 10,000 yen apiece hitting its two-decade highs. The development comes a day after the group’s Vision Fund unit reported record profits as portfolio company listings accelerate. As of 0055 GMT, shares… Read More ›
Exposure of hedge funds at near record levels: Goldman Sachs
According to an analysis by Goldman Sachs Inc, last week, U.S. hedge funds bought and sold the most stock in more than a decade midst wild swings in GameStop Corp shares that many had bet against; their market exposure continues… Read More ›
10 fold increase in deposit requirement led to temporary buying curb: Robinhood
In a statement, online broker Robinhood said, it has placed temporary buying restrictions on a small number following ten-fold increase in deposit requirements as mandated by clearing house. “….the required amount we had to deposit with the clearing house was… Read More ›
Point72 Asset Management bet against GameStop results in 15% loss
Steven Cohen’s Point72 Asset Management suffered a loss of nearly 15% this year due to a sudden surge in GameStop Corp’s shares. The losses at Point72, which manages nearly $19 billion in assets, came in part from its investment in… Read More ›
Trump Administration bolster ban on U.S. investors funding Chinese military modernization
In a statement the White House said, U.S. President Donald Trump has signed an executive order which further strengthens the November ban on U.S. investments in companies which are allegedly controlled or owned by the Chinese military curbing their access… Read More ›
Shares of Burger King India jumps 88% on market debut
On Monday, shares of Burger King India jumped nearly 88% in its market debut following its IPO wherein it raised about $110 million. The development underscores the growth potential in the country’s burgeoning food service sector. Shares of the Indian… Read More ›
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