Skydance Media, backed by private equity firms RedBird Capital and KKR, is facing a crucial decision regarding its offer for Paramount Global. Unless a firm commitment is provided by controlling shareholder Shari Redstone, Skydance is prepared to walk away from the deal. The exclusivity window for discussions between Skydance and Paramount is set to end
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Hawaii Gov. Josh Green was unsuccessful in his attempts to convince lawmakers to consider important legislation that would have provided support to struggling Hawaii Electric Co. The proposed Senate Bill 2922, introduced by Senate Commerce and Consumer Protection Chair Jarrett Keohokalole, aimed to allow HECO to issue up to $2.5 billion in low-interest bonds. However,
Recently, Oklahoma State Treasurer Todd Russ announced that Barclays has been added to the list of investment banks deemed to be “boycotting” the fossil fuel industry, making them ineligible for state and local government contracts. This decision comes as part of the state’s 2022 Energy Discrimination Elimination Act, which aims to hold companies accountable for
In a recent high-profile transaction involving Florida’s Brightline passenger train, Assured Guaranty played a crucial role by wrapping $1.13 billion, or 51%, of the $2.219 billion of senior bonds issued by the passenger rail line. This significant investment gives Assured Guaranty control in the event that the issuer faces debt payment trouble. With an irrevocable
Apple’s recent earnings announcement may not have provided detailed insights into its artificial intelligence capabilities, but the top analysts on Wall Street are optimistic about the company’s AI strategy. The market responded positively to Apple’s fiscal second-quarter results, which exceeded expectations. Despite a decline in iPhone and overall sales, investors focused on Apple’s record stock
Berkshire Hathaway, led by the renowned Warren Buffett, has been quietly making a significant wager in the financial industry over the past year. The identity of the stock or stocks that Berkshire has been accumulating will potentially be unveiled at the upcoming shareholder meeting. This move has piqued the interest of investors who are eager
Galaxis, a platform known for its partnerships with Mike Tyson, Steve Aoki, and the NBA, is gearing up for an upcoming token launch on Bybit. The first phase of this launch will begin through an Initial DEX Offering (IDO). In anticipation of this event, Galaxis has announced a $1,000,000 Community Creator and Community Member Grant
Asian currencies experienced slight gains on Friday, taking advantage of a weakened dollar ahead of the release of key U.S. payrolls data. The drop in the dollar was also influenced by a rise in the Japanese yen, distancing itself from recent lows due to potential government intervention in currency markets. Despite the dollar’s weakness, regional
The cost of renting a property in Asia varies significantly across different cities, with data collected in April indicating the median rental prices for 1-bedroom apartments. These prices are based on the median buying price per square meter and the median monthly rental price in the most expensive region of each city. Financial experts typically
Income-seeking investors are always on the lookout for fresh opportunities to enhance their yield. Recently, DoubleLine CEO Jeffrey Gundlach has highlighted a reemerging opportunity in the form of closed-end funds. These funds, a relative of traditional open-end mutual funds, trade on public exchanges and are available for trading throughout the day. One key feature of