Updated

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 […]

By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street three major indexes all retreated more than 1% on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing most on the Nasdaq ahead of this week’s crop of economic data and remarks from Federal Reserve Chair Jerome Powell. […]

By Rajesh Kumar Singh and Shivansh Tiwary NEW YORK (Reuters) -American Airlines on Monday unveiled its biggest plane order since 2011, buying 260 new jets from Airbus, Boeing and Embraer as it looks to increase earnings by capitalizing on booming demand for premium travel. The deal includes 85 Airbus A321neo jets, 85 Boeing 737 MAX […]

By Nicole Jao NEW YORK (Reuters) -Oil prices rose 2% on Friday and posted weekly gains as traders awaited an OPEC+ decision on supply agreements for the second quarter while also weighing fresh U.S., European and Chinese economic data. Brent futures for May settled $1.64 higher, or 2%, at $83.55 a barrel. The April Brent […]

(Reuters) – AMC Entertainment slumped nearly 8% on Thursday as the movie industry continued to reel from the impact of twin Hollywood strikes, driving the theater chain to post a larger-than-expected quarterly loss. The writers and actors’ strikes have crippled much of the industry, leading to fewer releases following the blockbuster summer successes of “Barbie” […]

(Reuters) – Beyond Meat shares soared 60% to a six-month high on Wednesday after the plant-based meat maker placed its bets on price hikes and steep cost cuts to turn around its battered margins, triggering a squeeze on its highly shorted shares. About 37.6% of the company’s free float, or shares worth $172.6 million, were […]