06:14 AM EST, 11/27/2024 (MT Newswires) -- Microsoft ( MSFT ) -backed OpenAI is allowing its employees sell $1.5 billion of stock in a new tender offer to Japan's SoftBank Group, multiple news outlets reported Wednesday. The artificial intelligence start-up raised $500 million from the Japanese conglomerate in a $6.6 billion funding round in October at a valuation of $157...

ZURICH (Reuters) - A top Swiss court on Wednesday acquitted Credit Suisse of a 2022 criminal conviction when the bank that is now part of UBS was found guilty of failing to prevent money laundering by a Bulgarian cocaine trafficking gang. The appeals chamber of the Federal Criminal Court said in a statement it had acquitted UBS of the charge...

06:22 AM EST, 11/27/2024 (MT Newswires) -- Duoduo (Howard) Huang, Chief Supply Chain Officer, on November 25, 2024, sold 11,925 shares in Yum China Holdings ( YUMC ) for $566,801. Following the Form 4 filing with the SEC, Huang has control over a total of 11,093 shares of the company, with 11,093 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1673358/000112760224028142/xslF345X05/form4.xml ...

06:18 AM EST, 11/27/2024 (MT Newswires) -- Commerzbank in its European Sunrise note of Wednesday highlighted: Markets: United States Treasuries bull-steepen after digesting five-year auction, US equities close at record highs, e-minis sideways in Asia. Asian equities mixed, EUR recovers from losses. Brent falls below $73/barrel, Gold higher. Fed: Chicago Federal Reserve Bank Austan Goolsbee says it's 'perfectly sensible' to...