Updated

By Helen Coster, Svea Herbst-Bayliss (Reuters) -Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a merger currently worth about $5.7 billion.  The deal values Trump’s majority stake in the company that holds his app […]

(Reuters) – Bleach maker Clorox said on Thursday that it would sell its operations in Argentina, Uruguay and Paraguay to private equity fund Apex Capital, as it looks to tighten its portfolio to be more profitable, and take a one-time charge of about $233 million related to the sale. The company, whose move comes at […]

By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics expects $100 million or more of revenue from its next batch of advanced chip-packaging products this year, co-CEO Kye-Hyun Kyung said on Wednesday. Samsung set up advanced chip packaging as a business unit last year, and Kyung said he expects the results of Samsung’s investment […]

By Hannah Lang, Amanda Cooper and Rae Wee WASHINGTON/LONDON/SINGAPORE (Reuters) -Bitcoin fell by as much as 6.5% on Tuesday, on track for its largest one-day drop in two weeks, as a wave of selling hit cryptocurrencies and other risk assets, such as stocks. The price was last down 5.86% at $63,419, having dropped to a […]

By Jonathan Stempel and Mike Scarcella (Reuters) -The National Association of Realtors agreed on Friday to resolve antitrust litigation accusing brokerages of inflating sales commissions, a settlement likely to bring major changes and lower costs when Americans buy and sell homes. The $418 million settlement calls for the NAR to eliminate decades-old rules on commissions, […]

By Echo Wang (Reuters) -Private equity firm Vista Equity Partners is seeking to hire investment banks for a U.S. initial public offering of Solera, a provider of software to the automotive and insurance industries, people familiar with the matter said on Wednesday. Vista, which acquired Solera for $6.5 billion in 2016, is interviewing banks as […]

(Reuters) -John Barnett, a former Boeing employee who had reportedly raised concerns about the company’s production issues, was found dead of an apparent suicide, according to authorities in South Carolina. Barnett had worked at Boeing for 32 years before leaving the company in 2017, according to the BBC, which previously reported on his efforts to […]

By Carolina Mandl NEW YORK (Reuters) – GoldenTree Asset Management raised over $1.35 billion for its first pure private credit fund, the firm said in a statement on Monday, getting a strong foothold in a booming market. The firm, with $53 billion in assets under management, has already invested $6 billion in private credit through […]

By Mike Scarcella (Reuters) – Tesla owners who accused it of falsely advertising estimated driving ranges for its electric vehicles must pursue their claims in individual arbitrations rather than banding together in proposed class action lawsuits, a federal judge ruled. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California said on Thursday the drivers had […]

By Aditya Soni and Abinaya V (Reuters) – OpenAI on Tuesday hit back at Elon Musk’s claims that the startup abandoned its original mission with emails that showed the billionaire supported its plan to create a for-profit entity and wanted a merger that would make Tesla its “cash cow.” Musk, one of the co-founders of […]