AMC Entertainment Holdings Inc. on Tuesday won shareholders’ backing to sell new common stock, a financial lifeline for the movie-theater chain as it continues to lose money because of low cinema atte...
Tag: Shareholder
AMC ‘APE’ Conversion Gets Shareholder Vote Today. What to Watch.
Shareholders for AMC Entertainment Holdings are scheduled to vote on measures that could drastically change the movie theater’s ability to raise cash selling stock. The firm will hold a special meetin...
SVB Shareholder Files First Lawsuit Against Bank Executives Over Historic Collapse
Topline A Silicon Valley Bank shareholder filed a lawsuit Monday against the financial firm just days after it collapsed in the biggest bank failure since 2008, marking the first of what will likely b...
FTX Sues Grayscale In a Move to Unlock $9B of Shareholder Value
In the lawsuit, FTX said that Grayscale has been charging exorbitant management fees. They noted that “Grayscale’s actions have resulted in the Trusts’ shares trading at approximately a 50% discount t...
The loss of a major shareholder delivers another blow to Credit Suisse
Stakes are changing hands. Once Credit Suisse’s largest shareholder, Harris Associates no longer holds any stock in the Swiss bank, which warned of losses for this year and witnessed unprecedented cli...
Top Shareholder Sold Out of Credit Suisse Over the Past 3 to 4 months
(Bloomberg) — Harris Associates stock picker David Herro sold the firm’s entire stake in Credit Suisse Group AG, ending ties with the bank after about two decades of ownership and piling further...
Peugeot, Jeep Manufacturer Stellantis Reports Record Full-Year 2022 Earnings, Announces Massive Shareholder Payout
Automotive corporation Stellantis targets global BEV sales of 5 million by 2030 following its commendable full-year results. Stellantis recently posted its full-year 2022 earnings results, which show...
Coinbase Releases Fourth Quarter and Full Year 2022 Shareholder Letter
REMOTE-FIRST-COMPANY/LOS ANGELES–(BUSINESS WIRE)–Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today the release of its fourth quarter and full year 2022 shareholder letter. The letter...
Charlie Munger continues bashing cryptos at shareholder meeting
Legendary investor and Berkshire Hathaway vice chair Charlie Munger is again making his dislike for cryptocurrencies clear. During the Daily Journal’s annual shareholder meeting in Los Angeles on Wedn...
Tether’s shareholder capital cushion is full of contradictions
Tether has released a new assurance from BDO Italia, as required by its settlement with the New York Attorney General (NYAG), revealing an increase in Tether ‘Shareholder Capital Cushion’ to over $960...
Jury rules Elon Musk is not liable for shareholder losses after ‘funding secured’ tweets
Elon Musk is off the hook for his 2018 tweets claiming he had “funding secured” to take Tesla private for $420 a share. A jury found that Musk was not liable for Tesla investors’ losses, following a w...
This Ex-Ripple Board Member Offers XRP As Shareholder Benefit
XRP News: Yoshitaka Kitao, the founder and CEO of Japanese financial services company SBI Group who was until 2021 a board member at Ripple, is offering shareholders with an incentive option of receiv...
Tesla shareholder Tencent backs Elon Musk despite Twitter distraction
A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billio...
ConsenSys faces audit at shareholder request
Ethereum development firm ConsenSys will be audited at the request of its shareholders, according to a report from Finextra on Jan. 18. ConsenSys allegedly transferred business products and units betw...
Amarin Calls Activist Investor, Largest Shareholder Sarissa’s Statement ‘Inaccurate, Misleading’
Amarin Corporation Plc (NASDAQ: AMRN) reacted to its largest shareholder, Sarissa Capital Management, which said Amarin’s recent board refreshment put “no shareholder representatives on th...
Court rejects Elon Musk’s request to move Tesla shareholder trial out of San Francisco
A federal judge has denied Elon Musk’s request to move his upcoming trial against a group of Tesla shareholders to Texas, according to Bloomberg (via The Verge). On January 7th, less than two weeks be...
Jack Ma No Longer Leading Shareholder in Fintech ‘Ant Group’
A $37 billion IPO by Ant Group in Hong Kong in 2020 was halted by Chinese authorities. The Chinese tycoon’s share of the company’s voting power will drop to around 6.2%. Jack Ma, co-founder, and CEO o...
Suicide Committed by Vice President of Bithumb’s Largest Shareholder, Here’s What Happened
Yuri Molchan Top executive of company closely linked to Bithumb exchange, which is Bithumb’s biggest shareholder, was found dead near his house According to multiple sources, the body of a Mr. P...
Bithumb shareholder dies amid embezzlement allegations
One of the Bithumb crypto exchange’s largest shareholders reportedly died on December 30. According to the reports, Mr. Park Mo was said to have been found dead in front of his house very early in the...
Bithumb’s largest shareholder executive found dead following allegations of embezzlement
Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30. ...
Sheikh Hamad Salem Becomes a MaskEX Shareholder as Both Parties Collaborate to Develop a Smart City in the UAE – Press release Bitcoin News
press release PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a well-known Sovereign Wealth Fund (SWF) member of the Royal Family in Abu Dhabi, United Arab Emirates, has officially become a Ma...
Activist Investors Are Putting Ideology Before Shareholder Value
Gas-fired power plant (AP Photo/Michael Sohn, File) Copyright 2022 The Associated Press. All rights reserved Under the leadership of Gary Gensler, the Securities and Exchange Commission (SEC) is empow...
Vodafone’s Top Shareholder Rules Out Bid After Raising Stake
(Bloomberg) — Vodafone Group Plc’s largest shareholder boosted its stake in the telecommunications giant, but said it doesn’t intend to make an offer for the British firm that’s lost a quarter o...
Mispriced Municipal Bonds Cost Mutual Fund Shareholders And Taxpayers Billions Of Dollars
Money Flow in Black Hole extreme closeup getty In a market where at least 99% of trillions of dollars of fixed income securities have no trades to offer price discovery and the financial data to asses...
Marathon Oil’s Solid Balance Sheet & Shareholder Returns Prompt 30% Price Target Hike By This Analyst
Raymond James analyst John Freeman reiterated a Strong Buy rating on the shares of Marathon Oil Corp (NYSE: MRO) and raised the price target from $37 to $48. The analyst said Q3 earnings were strong f...
News Corp, Fox reunion faces opposition from large shareholder
Rupert Murdoch, Chief Executive Officer of News Corp. Getty Images Rupert Murdoch’s proposed plan to reunite News Corp and Fox is facing opposition from one of the largest shareholders in both c...