(Reuters) - Spain\'s Banco Santander SA (NYSE:SAN) has cut roughly 320 jobs in the U.S. as it seeks to focus more on digital operations, Bloomberg News reported on Sunday citing a person familiar with the matter. The Spanish banking giant laid off about 2.7% of U.S. employees in recent days, out of a workforce of...
ATHENS (Reuters) -Greece\'s bank bailout fund on Monday will launch an offering for the sale of a stake of up to 22% in Piraeus Bank, but could be increased if the fund so decides, it said on Sunday. The shares will be sold to Greek investors via a public offering in Greece and to foreign...
-- An investor group consisting of Arkhouse Management and Brigade Capital hiked its offer to take department store chain Macy’s Inc (NYSE:M) private on late-Sunday, just months after the firm rejected an earlier offer. The group is now offering $24 in cash per Macy’s share, up from its earlier offer of $21 per share, it...
By Divya Rajagopal TORONTO (Reuters) - Demand for key-battery mineral lithium will continue to grow, underpinned by strong adoption of electric vehicles but the price of the metal is expected to be volatile, Rio Tinto (NYSE:RIO) CEO Jakob Stausholm said on Sunday. Still, Stausholm said Rio will steer clear of making any big ticket acquisitions...
(Reuters) -Arkhouse Management, a real-estate-focused investing firm said on Sunday it and Brigade Capital Management have raised their offer for Macy\'s after the department store chain rebuffed their prior proposal as too low. The firms are now offering to acquire Macy\'s stock they don\'t already own for $24 per share, about 14% more than its...
-- U.S. stock index futures moved little in late-evening deals on Sunday, with a record-high rally now showing some signs of cooling in anticipation of more cues on monetary policy and fresh developments in the Presidential Election. S&P 500 Futures fell 0.1% to 5,141.75 points, while Nasdaq 100 Futures steadied at 18,340.50 points by 18:53...
-- Japan’s benchmark Nikkei 225 index surged past a key level in early trade on Monday, extending a technology-driven rally, while positive economic readings also helped improve sentiment towards the economy and over the Bank of Japan. The Nikkei 225 rose as much as 0.8% to a record high of 40,308.0 points, crossing the 40,000...
By Jaiveer Shekhawat (Reuters) -U.S. brokerage firm B. Riley said on Thursday it was exploring strategic options for some of its businesses, which could include a potential sale, sending its shares plunging 14% in extended trading. The company is seeking options for its appraisal and valuation services, retail, wholesale and industrial solutions businesses. It said...
By Chuck Mikolajczak and Noel Randewich NEW YORK (Reuters) -The S&P 500 and Nasdaq closed at record highs on Thursday, buoyed by tech stocks linked to AI, while inflation data and comments from Federal Reserve officials helped shape expectations for the timing of the central bank\'s interest rate cuts. Heavyweight chipmaker Nvidia (NASDAQ:NVDA) advanced 2.08%...
- Autodesk (NASDAQ: ADSK) reported fourth quarter EPS of $2.09, $0.14 better than the analyst estimate of $1.95. Revenue for the quarter came in at $1.47B versus the consensus estimate of $1.43B. Autodesk\'s stock price closed at $258.17. It is up 14.78% in the last 3 months and up 28.36% in the last 12 months....