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Scandal Over Ex-Lover Wipes $3 Billion From Tech Mogul’s Fortune

(Bloomberg) -- Richard White, the Australian billionaire battling allegations of inappropriate behavior with women, has said he has a relaxed...

Big Lots Says Nexus Is Working on Financing for Takeover Offer

(Bloomberg) -- Private equity firm Nexus Capital Management is working with Big Lots Inc.’s lenders to get roughly $750 million...

Fed’s Schmid Favors Slower Pace of Rate Cuts

(Bloomberg) -- Federal Reserve Bank of Kansas City President Jeffrey Schmid said he favors a slower pace of interest-rate reductions...

Activist Starboard Holds Kenvue Stake and Seeks Changes, WSJ Reports

(Bloomberg) -- Shares of consumer-products company Kenvue Inc. rose the most in two months after activist investor Starboard Value took a stake in the...

Saxo Bank Is Said to Draw Altor-Led Group, Interactive Brokers

(Bloomberg) -- Interactive Brokers Group Inc. and a consortium of Altor Equity Partners and Centerbridge Partners are among those that have shown initial interest...

Prabowo Brings Back Jokowi’s Mr. Fix It as Economic Adviser

(Bloomberg) -- Indonesia President Prabowo Subianto picked his predecessor’s fix-it man as the chief of the economic advisory council for his new government.Most Read...

Waaree Energies’ IPO Taps Into a 357% Rally in Renewable Stocks in India

(Bloomberg) -- India’s largest solar-panel producer’s $514 million initial public offering was fully subscribed in the first few hours of opening, benefiting from the...

CD&R Nears Sanofi OTC Deal After Signing With Government

(Bloomberg) -- Sanofi entered exclusive negotiations to sell a controlling stake in its consumer health unit to Clayton Dubilier & Rice after the American...

Prosus to Boost E-Commerce Profit to $400 Million for 2025 Year

(Bloomberg) -- Prosus NV plans to deliver $400 million in adjusted earnings before interest and tax from its e-commerce operations in the year to...

Oil Rebounds as Israel Plans Next Iran Move After Weekend Attack

(Bloomberg) -- Oil climbed — after slumping almost 8% last week — on tensions in the Middle East, with Israeli Prime Minister Benjamin Netanyahu...

China’s Steel Demand Has Shrunk to Less Than Half Global Total

(Bloomberg) -- China will account for less than half of global steel consumption in 2024 for the first time in six years, according to...

S&P 500 Set to Grind Higher Toward 6,000 Milestone: Survey

(Bloomberg) -- This year’s furious rally in US stocks is poised to extend into the final stretch of 2024, even as the US presidential...

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