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Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
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September Kicks Off With US Futures Moving Lower Ahead of Manufacturing Data
September Kicks Off With US Futures Moving Lower Ahead of Manufacturing Data
Sep 3, 2024
08:15 AM EDT, 09/03/2024 (MT Newswires) -- US stock futures are heading lower in Tuesday's premarket session as markets reopen after Monday's Labor Day holiday and as investors await manufacturing data set for release later in the morning. Dow Jones Industrial Average futures were down 0.52%, S&P 500 futures were declining 0.55%, and Nasdaq futures were moving 0.71% lower. Investors...
Sector Update: Financial Stocks Decline Premarket Tuesday
Sector Update: Financial Stocks Decline Premarket Tuesday
Sep 3, 2024
09:18 AM EDT, 09/03/2024 (MT Newswires) -- Financial stocks were declining premarket Tuesday as the Financial Select Sector SPDR Fund ( XLF ) was down 0.4% recently. The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.2% higher. KKR's (KKR) planned tender...
Sector Update: Energy Stocks Fall Pre-Bell Tuesday
Sector Update: Energy Stocks Fall Pre-Bell Tuesday
Sep 3, 2024
09:28 AM EDT, 09/03/2024 (MT Newswires) -- Energy stocks fell in pre-bell hours Tuesday, with The Energy Select Sector SPDR Fund ( XLE ) down 1.7%. The United States Oil Fund ( USO ) was 3.3% lower and the United States Natural Gas Fund ( UNG ) was down 0.2%. Front-month US West Texas Intermediate crude oil was down 2.4%...
Sector Update: Tech Stocks Decline Premarket Tuesday
Sector Update: Tech Stocks Decline Premarket Tuesday
Sep 3, 2024
09:06 AM EDT, 09/03/2024 (MT Newswires) -- Technology stocks were declining premarket Tuesday as the Technology Select Sector SPDR Fund ( XLK ) was down 1% and the SPDR S&P Semiconductor ETF ( XSD ) was 2.2% lower recently. Intel ( INTC ) CEO Pat Gelsinger is planning to put forth a plan later this month to rid the chipmaker...
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Oracle to invest $6.5 billion to set up cloud facilities in Malaysia
Oracle to invest $6.5 billion to set up cloud facilities in Malaysia
Oct 2, 2024
* Oracle's investment set to be one of the largest in Malaysia * Cloud region to help Malaysian organizations modernize and innovate with AI * Oracle says planning further expansion across Asia By Danial Azhar KUALA LUMPUR, Oct 2 (Reuters) - Oracle plans to invest more than $6.5 billion to set up its first public cloud region in Malaysia, the...
KKR weighs takeover bid for chip equipment maker ASMPT, Bloomberg News reports
KKR weighs takeover bid for chip equipment maker ASMPT, Bloomberg News reports
Oct 2, 2024
Oct 2 (Reuters) - KKR is considering a takeover bid for chip equipment maker ASMPT ( ASMVF ), Bloomberg News reported on Wednesday, citing people familiar with the matter. Hong Kong-listed ASMPT ( ASMVF ) is valued at HK$39.39 billion ($5.07 billion), according to LSEG data. ($1 = 7.7660 Hong Kong dollars) ...
KKR mulls takeover bid for chip equipment maker ASMPT, Bloomberg News reports
KKR mulls takeover bid for chip equipment maker ASMPT, Bloomberg News reports
Oct 2, 2024
Oct 2 (Reuters) - KKR is considering a takeover bid for chip equipment maker ASMPT ( ASMVF ), Bloomberg News reported on Wednesday, citing people familiar with the matter. Hong Kong-listed ASMPT ( ASMVF ) is valued at HK$39.39 billion ($5.07 billion), according to LSEG data. The U.S. private equity firm has made a non-binding, preliminary approach to take ASMPT...
Assessing Iris Energy: Insights From 15 Financial Analysts
Assessing Iris Energy: Insights From 15 Financial Analysts
Oct 2, 2024
Across the recent three months, 15 analysts have shared their insights on Iris Energy ( IREN ) , expressing a variety of opinions spanning from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
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Solar firm SunPower files for bankruptcy protection in US
Solar firm SunPower files for bankruptcy protection in US
Aug 5, 2024
Aug 5 (Reuters) - Solar firm SunPower filed for Chapter 11 bankruptcy in the United States, the company said on Monday. SunPower also entered into an asset purchase agreement with Complete Solaria ( CSLR ), which will acquire the firm's assets and assume certain related liabilities for $45 million in cash, the company added. ...
Treasury Wine to exit commercial brand division amid challenging market
Treasury Wine to exit commercial brand division amid challenging market
Aug 5, 2024
Aug 6 (Reuters) - Top Australian winemaker Treasury Wine Estates ( TSRYF ) unveiled plans on Tuesday to divest its commercial brand portfolio amid challenging market conditions, and flagged a non-cash impairment charge in relation to its premium brands business. The adverse conditions in the commercial wine business have offset the benefits from a focus to premiumise the premium brand...
Japan will monitor, analyse financial market moves, Finance Minister says
Japan will monitor, analyse financial market moves, Finance Minister says
Aug 5, 2024
TOKYO (Reuters) -The Japanese government will continue to monitor and analyse financial market moves and work closely with relevant authorities including the Bank of Japan, Finance Minister Shunichi Suzuki said on Tuesday. Speaking at a meeting with regional finance bureau chiefs, Suzuki said Japan will do its utmost to manage the economy and finance while cooperating with the Bank of...
BRIEF-Japan's Create Restaurants Holdings - To Acquire 'Wildflower' Restaurant Business In Arizona, U.S. For $28.2 Million
BRIEF-Japan's Create Restaurants Holdings - To Acquire 'Wildflower' Restaurant Business In Arizona, U.S. For $28.2 Million
Aug 5, 2024
Aug 6 (Reuters) - Create Restaurants Holdings Inc : * CREATE RESTAURANTS HOLDINGS - TO ACQUIRE 'WILDFLOWER' RESTAURANT BUSINESS IN ARIZONA, U.S. FOR $28.2 MILLION Source text for Eikon: Further company coverage: ...
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