(Reuters) -Billionaire investor Bill Ackman scrapped the launch of Pershing Square USA on Wednesday, days before the fund was slated to begin trading on the New York Stock Exchange. Ackman downsized the initial public offering (IPO) plans just a day earlier for the second time in a week, having seen at least one prominent pledged investor back out and undergoing...

July 31 (Reuters) - Parties involved in evaluating offers for Paramount Global ( PARAA ) have raised questions about the legitimacy of Apex Capital Trust's bid for the company, one source familiar with the matter told Reuters. Apex issued a press release Wednesday, claiming it had submitted a $43 billion all-cash offer to purchase Paramount, challenging a deal reached with...

(Reuters) -EBay exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories. The e-commerce giant's third-quarter revenue forecast, however, fell short of analysts' estimates, signaling effects of a tough economy. The company's strategic focus on specialized categories, such as auto parts, collectibles, and luxury accessories, has proved resilient amid...

(Reuters) -Singapore's Keppel on Thursday posted a rise in first-half underlying profit on upbeat performances at its infrastructure and connectivity segments, with the company moving ahead in its transition into a global asset manager. The conglomerate's net profit from continuing operations for the six-month period ended on June 30 came in at S$513 million ($384 million), a 7% rise from...