Yelp investor SQN says shares could surge to $55-$65
SQN Investors LP said on Wednesday Yelp Inc’s shares could surge to between $55 and $65, up to 80 percent above its current price, if the customer review company appoints new board members and considers selling itself.
Strong bank earnings send Wall Street to four-week highs
Wall Street’s major indexes hit one-month highs on Wednesday as upbeat earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.
Sterling up after of May wins confidence vote; stocks climb
Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May’s government won a confidence vote in parliament.
French government calls for Renault board meeting to replace Ghosn
French Finance Minister Bruno Le Maire said on Wednesday the government had requested a Renault board meeting in coming days to replace the company’s scandal-hit Chairman and Chief Executive Carlos Ghosn.
Exclusive: ADM CEO says wrong time for ‘monster’ acquisitions
U.S. grain merchant Archer Daniels Midland Co (ADM) has looked at buying rivals including Bunge Ltd. and dozens of other companies but decided the time is not right for “monster” acquisitions, the company’s chief executive told Reuters.
U.S. lawmakers introduce bipartisan bills targeting China’s Huawei and ZTE
A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or e…
Kia issues new U.S. recall of 68,000 vehicles for fire risks
Kia Motors Corp said on Wednesday it would recall 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 for engine fire risks.
IAC sues Tinder co-founder over business documents, escalating court fight
Online dating company Match Group Inc and its owner IAC/InterActiveCorp has filed a lawsuit accusing Sean Rad, a former employee known for co-founding the popular dating service Tinder, of secretly copying company files and other proprietary informat…
World stocks climb; sterling steady ahead of May vote
Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound was steady ahead of a no-confidence vote in British Prime Minister Theresa May’s government.
Wall Street hits four-week high on BofA, Goldman boost
Wall Street’s main indexes hit a one-month high on Wednesday, boosted by upbeat earnings from Bank of America and Goldman Sachs, with a multi-billion dollar deal in the fintech sector also helping a risk-on trade.
