US SEC investigating hedge fund Melvin Capital Management – WSJ

US SEC investigating hedge fund Melvin Capital Management – WSJ

The seal of the US Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, DC, US, May 12, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – The US securities regulator is looking into Melvin Capital Management’s risk controls and investor disclosures after the … Read more

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an expanding niche market. The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99, and the 5G-enabled top-line Galaxy Z Fold4 … Read more

Brazilian pop singer Anitta leaves Nubank’s board of directors

Brazilian pop singer Anitta leaves Nubank’s board of directors

Anitta arrives to attend the 2022 Billboard Music Awards at MGM Grand Garden Arena in Las Vegas, Nevada, US May 15, 2022. REUTERS/Steve Marcus/File Photo Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Aug 9 (Reuters) – Latin American financial start-up Nubank said on Tuesday that Brazilian pop singer Anitta has left … Read more

Tesla discloses lobbying effort to set up factory in Canada

Tesla discloses lobbying effort to set up factory in Canada

Aug 9 (Reuters) – Tesla Inc (TSLA.O) is lobbying the Ontario government as part of an effort to set up an “advanced manufacturing facility” in Canada, filing by the electric-vehicle maker to the province’s Office of Integrity Commissioner showed. The company’s Canadian unit is working with the government to “identify opportunities for industrial facility permitting … Read more

US House panel has right to see Trump tax records, court rules

US House panel has right to see Trump tax records, court rules

WASHINGTON, Aug 9 (Reuters) – A US House of Representatives committee has the right to see former President Donald Trump’s tax returns, a federal appeals court ruled on Tuesday, rejecting his claims that the request was invalid because it was politically motivated. The US Court of Appeals for the District of Columbia Circuit ruled against … Read more

Explainer: What’s next for conspiracy theorist Alex Jones

Explainer: What’s next for conspiracy theorist Alex Jones

Aug 5 (Reuters) – A jury in Austin, Texas, decided on Friday that US conspiracy theorist Alex Jones must pay the parents of a child killed in the 2012 Sandy Hook massacre $45.2 million in punitive damages for falsely claiming the shooting was a hoax, on top of $4.1 million in compensatory damages. read more … Read more

Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway posts massive .8 billion loss;  operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The slide in US stock prices … Read more

Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker

Amazon’s connected device cart grows with .7 billion deal for Roomba maker

Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) will acquire the maker of robot vacuum cleaner iRobot Corp (IRBT.O) in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to expand its cart of smart home devices. Amazon will pay $61 per share, valuing the Roomba-maker at a … Read more

Tencent faces new video-game M&A challenge

Tencent faces new video-game M&A challenge

LONDON, Aug 5 (Reuters Breakingviews) – The frenzy in video-game dealmaking has reached a new level. China’s Tencent (0700.HK) wants to increase its 5% stake in smaller French rival Ubisoft Entertainment (UBIP.PA), the outfit behind the wildly popular “Assassin’s Creed” franchise, according to Reuters. The $380 billion company could offer the founding Guillemot family, who … Read more

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social network and gaming firm, which bought a … Read more