The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. Megan Jelinger | AFP | Getty Images General Motors sold its stake in Lordstown Motors during the fourth...
Tag: stake
Major crypto firms’ UK business at stake as regulatory clock ticks down
The UK’s government has brought forward legislation to crack down on “dirty money,” as geopolitical tensions escalate following Russia’s invasion of Ukraine last week. Due to be read out in Parliament...
Energy Transfer’s stock gains after deal to sell majority stake in Energy Transfer Canada
Shares of Energy Transfer L.P. ET, +3.58% rose 0.8% in premarket trading Tuesday, after the provider of natural gas pipeline transportation services said it agreed to sell its 51% stake in Energy Tran...
Derek Jeter steps down as Miami Marlins CEO, sells stake in the team
Derek Jeter, along with Bruce Sherman, hold their first press conference as Miami Marlins owners on Tuesday, Oct. 3, 2017. Miami Herald | Tribune News Service | Getty Images Derek Jeter is stepping do...
BP pays charge of $11B to offload 20% stake in Russia’s Rosneft
BP will offload its stake in Rosneft of just under 20% under pressure from the government, world media wrote. They have had a stake in the Russian state-owned oil giant for almost a decade. Rosneft ac...
BP to Exit 20% Stake in Russia’s Rosneft
Russia’s aggressions in Ukraine prompted reactions from companies such as BP and United Parcel Service as well as Norway’s sovereign wealth fund as the world continues to raise pressure on President V...
BP to Exit Its 20% Stake in Russian Oil Giant Rosneft
(Bloomberg) — BP Plc moved to dump its shares in oil giant Rosneft PJSC, taking a financial hit of as much as $25 billion by joining the campaign to isolate Russia’s economy. Most Read from Bloo...
BP Drops Nearly 20% Stake In Russian-Owned Oil Firm After Invasion Of Ukraine
Topline Following pressure from the British government, British Petroleum announced Sunday it would be exiting its 19.75% ownership of Rosneft, a Russian state-owned oil firm that supplies Russia with...
Kimberly-Clark takes a majority stake in period underwear company Thinx
Kimberly-Clark Corp. KMB, +2.52% said Friday that it has taken a majority stake in Thinx, a company specializing in washable, menstruation underwear. Thinx undergarments are made to absorb wetness and...
Authentic Brands Group takes majority stake in David Beckham’s brand
Retail and entertainment conglomerate Authentic Brands Group announced Thursday it has entered into a partnership to co-own and oversee David Beckham’s global brand. Authentic Brands declined to...
NY stock exchange owner ICE buys stake in tZero security token platform
Undisclosed investment will result in ICE becoming a significant minority shareholder ICE owns and operates 12 global exchanges tZero operates a blockchain-based alternative trading system The I...
NYSE Owner Purchases Stake in tZERO
New York Stock Exchange’s (NYSE) parent company Intercontinental Exchange Inc (ICE), announced the purchase of a stake in tokenized securities venue tZERO. The announcement also added that ICE Chief S...
Why did Michael Burry lower his stake in GameStop?
GameStock, the popular gaming retailer, saw investment from the famous investor Michael James Burry, but what made him lower his stake in the retail company soon after investing in it? Who is Michael ...
Ardana to Launch Initial Stake Pool Offering, Aiming To Boost Stake Pool Diversity on Cardano – crypto.news
The Cardano-based decentralized stablecoin hub Ardana has announced its upcoming Initial Stake Pool Offering with its native token DANA, in partnership with Ardana Stake Pool Alliance partners. The I...
KuCoin and Chingari (GARI) Launch Star Contest with 20 Million INR at Stake
Vladislav Sopov Indian “TikTok killer” Chingari debuted on KuCoin crypto exchange and now invites all creators to compete for $266,000 in GARI equivalent Contents Chingari Star Contest sta...
Nestle CEO open to doing a ‘big deal’ after cutting L’Oreal stake
The CEO of Swiss food and beverage giant Nestle has said it would be open to doing a “big deal” as it reasserts its growth strategy after cutting its stake in French cosmetics business L&#...
Warren Buffett’s firm took big stake in Activision Blizzard ahead of Microsoft deal
OMAHA, Neb. — Warren Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way. Berkshire Hathaway BRK.B, -1.52% revealed in documents filed w...
Buffett’s Berkshire Takes Activision Blizzard Stake, Exits Teva
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. took a stake in Activision Blizzard Inc., the game giant that has agreed to be acquired by Microsoft Corp., in an investment that would hav...
George Soros Buys a Big Rivian Stake
Text size Soros Fund Management’s stake was worth about $2.1 billion at the end of December. Courtesy Rivian George Soros’ family investment office, Soros Fund Management, revealed a new stake i...
Billionaire George Soros reveals stake in Rivian, sells some tech shares
Billionaire George Soros’ investment fund has taken a more than $1 billion stake in electric-pickup maker Rivian Automotive Inc. According to a filing with the Securities and Exchange Commission on Fr...
Soros Cut Stake in Big Tech Stocks Before Selloff, Added Peloton
(Bloomberg) — Soros Fund Management reduced its holdings of big tech stocks prior to January’s market tumult, while disclosing a $2 billion stake in electric pickup maker Rivian Automotive Inc. ...
Binance, led by crypto billionaire, takes huge stake
Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year-old magazine and digital publisher, CNBC has learned. The funds will h...
Binance ventures into mainstream media with a $200 million stake in Forbes
Forbes magazine recently announced a $200 million strategic investment from Binance, the world’s leading cryptocurrency exchange. The investment will help the 104-year old magazine and digital publis...
Binance is taking a $200 million stake in Forbes
Crypto exchange operator Binance is taking a $200 million stake in Forbes — the publication it once sued for defamation and then voluntarily dropped that lawsuit. Forbes announced the news on Thursday...
Malaysian Tycoon Francis Yeoh’s YTL Power Sells Stake In Australian Electric Utility For $717 Million
Francis Yeoh, executive chairman of YTL Corp., in his office in Kuala Lumpur, Malaysia, on March 27, … [+] 2012. Goh Seng Chong/Bloomberg YTL Power International—controlled by Malaysian tycoon F...
5 Top Crypto to Stake for the Highest Yields
Investing in the crypto market is one of the most lucrative ventures ever, and investors are on the lookout for the top crypto to stake for the highest yields. Staking involves locking a crypto asset ...
Amazon in Pact for Potential Stake in Sensor Maker Velodyne
(Bloomberg) — Velodyne Lidar Inc. shares more than doubled in late trading after Amazon.com Inc. acquired warrants that could lead to a stake in the auto-sensor maker. Most Read from Bloomberg V...
Rumor That SoftBank To Sell Alibaba Stake Weighs On China Internet
China Last Night KraneShares Key News Asian equities were mixed overnight as China, Singapore, and Indonesia outperformed while India and the Philippines underperformed. Citi’s internet analyst is rep...
Ethereum’s Main Client Almost Ready For The Merge to Proof of Stake – Trustnodes
Ethereum’s Geth, the main client currently running the Proof of Work (PoW) network, is now almost ready for the merge. Péter Szilágyi, Geth’s maintainer, said: “Although not really visible from the ou...