The business empires of metals magnate Sanjeev Gupta and financier Lex Greensill supported each other to fuel their growth. But for years executives and close advisers to both entrepreneurs urged the two …
Read More »Major banks, including JPMorgan and Citi, have invested $ 3.8 trillion in fossil fuels since the Paris Agreement.
Banks can commit to being better stewards of the planet by cutting emissions and other actions, but their money keeps the oil pumping for now. Some 60 of the world’s largest commercial …
Read More »Nokia to cut up to 10,000 jobs to offset 5G investment
Nokia Corp. NOK -0.23% It plans to cut 5,000 to 10,000 jobs over the next two years, a move that it said would make it more competitive in the 5G equipment market …
Read More »Short sellers raise the stakes against SPACs
Short sellers come for the SPACs. Investors betting against stocks are targeting special-purpose takeovers, one of the fastest-growing areas on Wall Street. The dollar value of the bearish bets against SPAC shares …
Read More »AT&T shares are rising at a bigger HBO maximum target
Text size AT&T now expects to have up to 150 million subscribers worldwide on HBO and HBO Max by 2025. Gabby Jones / Bloomberg AT&T management organized an investor’s day on Friday …
Read More »AT&T, T-Mobile, and Verizon have great plans. Only one is a real growth stock.
Text size Workers rebuild a cell tower with 5G equipment for the Verizon network. George Frey / Getty Images Investors were able to spend a total of eight hours listening to telecom …
Read More »AT&T, T-Mobile, and Verizon have great plans. Only one is a real growth stock.
Text size Workers rebuild a cell tower with 5G equipment for the Verizon network. George Frey / Getty Images Investors were able to spend a total of eight hours listening to telecom …
Read More »SoftBank invested $ 400 million in Greensill months before the collapse
SoftBank Group Body 9984 3.18% The Vision Fund injected at least $ 400 million into Greensill Capital late last year, according to people familiar with the matter, deepening the potential losses faced …
Read More »Greensill Capital falls into insolvency and financial pain spreads
LONDON – Greensill Capital filed for insolvency protection on Monday, according to a person familiar with the company, days after regulators took over its banking unit and Credit Suisse Group AG frozen …
Read More »Greensill Capital faces potential insolvency after Credit Suisse suspends mutual funds
Specialist finance firm Greensill Capital headed for a rapid collapse after Credit Suisse Group AG suspended $ 10 billion in mutual funds that fueled the SoftBank Group Corp.-backed startup. With a key …
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