deal
By Lisa Baertlein and Daniel Wiessner LOS ANGELES (Reuters) – A tentative labor deal forestalled potentially damaging trade disruptions at three-dozen U.S. East Coast and Gulf of Mexico ports, with both sides in the talks crediting President-elect Donald Trump for clearing the way for them to hammer out a deal…
(Corrects headline and paragraph 1 with removal of $10.3 billion debt figure, which was the bond size and not the total debt restructuring) HONG KONG (Reuters) -Chinese property developer Country Garden (HK:) on Thursday proposed a deal to restructure offshore debt providing its creditors multiple options including converting debt into…
By Tom Hals WILMINGTON, Del. (Reuters) – Tesla (NASDAQ:) directors including Chair Robyn Denholm and James Murdoch got court approval on Wednesday for a settlement worth up to $919 million that requires they return compensation to the carmaker to resolve allegations they overpaid themselves. The settlement requires Tesla board members…
NEW YORK – Getty Images Holdings, Inc. (NYSE: GETY) and Shutterstock , Inc. (NYSE: NYSE:) announced Monday that they have entered into a definitive agreement to merge in a deal that values the combined entity at approximately $3.7 billion. The new entity will retain the Getty Images name and continue…
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) – Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White House, analysts say. Japan’s top steelmaker,…
By Alexandra Alper WASHINGTON (Reuters) – Nippon Steel and U.S. Steel are unlikely to convince a court to scrap President Joe Biden’s decision to block their $14.9 billion merger, but their lawsuit could give them more time to reach a deal with incoming President Donald Trump. The companies argued in…
By Aatreyee Dasgupta and Alexandra Alper (Reuters) -U.S. President Joe Biden violated the Constitution by blocking Nippon Steel’s $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday. The companies want the federal court to scrap…
By Alexandra Alper WASHINGTON (Reuters) – Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for U.S. Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the…
By Ernest Scheyder, Eric Onstad (Reuters) -Cobalt miner Jervois Global said on Thursday that one of its lenders will take the company private as part of a pre-packaged bankruptcy, the latest Western miner scrambling to survive as competition from China intensifies. U.S. fund manager Millstreet Capital Management will take control…
By Vladimir Soldatkin and Dan Peleschuk MOSCOW/KYIV (Reuters) -Russian exports via Soviet-era pipelines running through Ukraine to Europe were halted in the early hours of New Year’s Day as a transit deal expired and warring Moscow and Kyiv have failed to reach an agreement to continue the flows. The shutdown…
