U.S. SEC proposes allowing more investors access to private companies
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
Dish chief Ergen says he asked for senator’s help on T-Mobile/Sprint
Dish Network Corp Chairman Charlie Ergen testified on Wednesday that the Justice Department’s antitrust chief advised him in May to ask a senator to speak to the Federal Communications Commission about approving a key piece of the merger of wireless c…
Brazilian regulator says Vale dam near Brumadinho is structurally sound
A dam owned by iron ore company Vale SA that was the subject of an investigative report by a TV program last week is structurally sound and there is no reason for concern, Brazil’s national mining regulator said late on Tuesday.
Daimler, BMW exiting North American car-sharing market
BMW AG and Daimler AG said Wednesday they plan to exit the North American car-sharing market and will halt operations in Montreal, New York, Seattle, Washington D.C. and Vancouver.
Swatch threatens to seek damages over Swiss antitrust agency’s measures
Swatch Group threatened on Wednesday to pursue damages after it said the Swiss competition authority COMCO wants to prohibit the world’s biggest watch maker from supplying watch mechanisms to other companies during 2020.
Exclusive: Freddie Mac offers early retirement to 25% of workforce – sources
Freddie Mac has offered early retirement to around 25% of its staff as it begins to overhaul its workforce amid a broader push by the Trump administration to reform the housing finance giant, according to four people briefed on the matter.
Exclusive: Nvidia to win unconditional EU okay for $6.8 billion Mellanox buy – sources
U.S. chipmaker Nvidia is set to win unconditional EU antitrust approval for its $6.8 billion acquisition of Mellanox Technologies , people familiar with the matter said on Wednesday.
Indian tribunal orders reinstatement of Mistry as chairman of Tata Sons
Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be reinstated as executive chairman of its holding company, lawyers said on Wednesday.
Automakers to pay $3 billion in new U.S. tariffs under USMCA: budget estimate
U.S. President Donald Trump’s rewrite of North American trade rules will cost automakers nearly $3 billion more in tariffs over the next decade for cars and parts that will not meet higher regional content requirements over the next decade, the Congres…
FedEx shares dive 10% after profit warning; analysts see worse coming
FedEx Corp shares tumbled more than 10% on Wednesday after the company slashed its 2020 profit forecast a second time, as it revamps its business to replace slumping air shipments with lower-profit residential deliveries.
