FINS08

US seeks Tesla driver assistance documents; the company increases its investment forecast

WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday that the U.S. Justice Department had sought documents related to its self-driving (FSD) and Autopilot assistance systems as the regulatory scrutiny intensifies. The automaker said in a filing that it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD …

US seeks Tesla driver assistance documents; the company increases its investment forecast Read More »

US court rejects J&J’s bankruptcy strategy for thousands of talc lawsuits

Jan 30 (Reuters) – A U.S. appeals court on Monday dismissed an attempt by Johnson & Johnson (JNJ.N) to offload tens of thousands of lawsuits over its talc products in bankruptcy court. The ruling marked the first major repudiation of an emerging legal strategy that could upend US corporate liability law. J&J is among four …

US court rejects J&J’s bankruptcy strategy for thousands of talc lawsuits Read More »

Exclusive: Bed Bath & Beyond is preparing to file for bankruptcy this week – sources

NEW YORK, Jan 30 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is preparing to seek bankruptcy protection as early as this week and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the issue said Monday. The timing of any bankruptcy filing was in flux Monday …

Exclusive: Bed Bath & Beyond is preparing to file for bankruptcy this week – sources Read More »

Crucial sale of Adani shares 85% subscribed as institutions inject funds

MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares in flagship Adani Enterprises (ADEL.NS) …

Crucial sale of Adani shares 85% subscribed as institutions inject funds Read More »

Sale of Adani shares for $2.5 billion faces crucial day after rout

NEW DELHI, Jan 29 (Reuters) – Gautam Adani faces a critical day on Monday with his flagship company’s second day of $2.5 billion auction, eclipsed by a $48 billion rout in shares of the Indian billionaire which was triggered by a report from an American short seller. Seven listed companies belonging to the Adani conglomerate, …

Sale of Adani shares for $2.5 billion faces crucial day after rout Read More »

Adani hits back at Hindenburg, says he made all the revelations

Adani publishes 413-page rebuttal to Hindenburg report US short seller’s report sparked drop in Adani shares Adani says he follows laws and necessary disclosures CFO Adani confident $2.5 billion share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed response on Sunday to a Hindenburg Research report that sparked …

Adani hits back at Hindenburg, says he made all the revelations Read More »

FTX Founder Bankman-Fried Opposes Tougher Bail, Says Prosecutors ‘Sandbagged Him’

NEW YORK, Jan 28 (Reuters) – Lawyers for Sam Bankman-Fried urged a U.S. judge on Saturday not to bar the indicted FTX cryptocurrency executive from communicating with former colleagues amid his bail , saying prosecutors had “sandbag” the process to put their client in the “worst possible light”. The attorneys were responding to a Friday …

FTX Founder Bankman-Fried Opposes Tougher Bail, Says Prosecutors ‘Sandbagged Him’ Read More »

Electric vehicle maker Lucid rushes Saudi PIF report to buy remaining stake

Jan 27 (Reuters) – Shares of Lucid Group (LCID.O) jumped 43% on Friday, trimming gains after doubling down on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted buy the electric vehicle manufacturer. The speculation stemmed from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the …

Electric vehicle maker Lucid rushes Saudi PIF report to buy remaining stake Read More »

Indian Adani begins record sell-off in shares as short seller triggers $44bn rout

MUMBAI, Jan 27 (Reuters) – Shares of Indian firm Adani Enterprises (ADEL.NS) fell 15% on Friday as a scathing report from a U.S. short seller sparked a rout at the conglomerate’s listed companies , casting doubts on how investors will react to the company’s record $2.45 billion secondary sale. Seven listed companies in the Adani …

Indian Adani begins record sell-off in shares as short seller triggers $44bn rout Read More »