Yahoo Finance's Tom Belger has the latest from London.
Yahoo Finance's Tom Belger has the latest from London.
"The Coming 2 America" actor reflected on the iconic encounter that was hilariously told by Charlie Murphy on "Chappelle's Show."
Biden visits disaster-hit Texas as Cruz basks in warmth of Florida right-fest. The president visited an emergency operations centre and a food bank as the Texas senator railed against the ‘hard left’ at the conservative CPAC event
LightJump Acquisition Corp. (NASDAQ: LJAQU) ("the company") today announced that the holders of the Company’s units may elect to separately trade the Class A common stock and warrants underlying such units commencing on March 2, 2021. Those units not separated will continue to trade on the NASDAQ exchange under the symbol "LJAQU" and the Class A common stock and warrants that are separated are expected to trade on the NASDAQ exchange under the symbols "LJAQ" and "LJAQW", respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants.
SoftBank Group Corp. ("SoftBank") today announced that it has entered into a settlement agreement with the Special Committee of the Board of Directors of WeWork Inc. (formerly referred to as The We Company) ("the Special Committee") and WeWork’s founder, Adam Neumann. The terms of the settlement are confidential. When completed, the settlement agreement would resolve all claims brought in a lawsuit in the Delaware Court of Chancery, and is in the best interests of all parties.
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Pagaya AI Debt Selection Trust 2021-1 ("PAID 2021-1"), a consumer loan ABS transaction.
Joe Biden says the United States is “weeks ahead of schedule” and will be the first country in the world to 100 million vaccinations. The president made his confident claim at a vaccination site in Texas after experts recommended the Johnson & Johnson’s single shot vaccine for FDA authorisation. Mr Biden told the crowd that the US was now on pace to reach his goal of 100 million vaccinations in his first 100 days in the White House.
Alan S. Kim gives a performance that will steal your heart in the 2021 Golden Globe nominated movie 'Minari.'
The 5-foot-8 guard is coming off a 2020 season in which she set career highs in points per game (14.8), rebounds per game (2.9), assists per game (2.4) and steals per game (1.8). "Ariel has been a great contributor to our success from the time she stepped on the court her rookie year," Washington coach Mike Thibault said in a statement. "Ariel is an excellent role model and representative of the Mystics in the D.C. community and this is an important next step forward for us."
Foster said his doctors found him to be "allergic to pretty much everything in the environment right now."
ABC released an extended first-look clip for new comedy series Home Economics during the show’s virtual TCA presentation today. The Topher Grace-fronted series premieres on April 7. Inspired by the real-life experiences from writer and executive producer Michael Colton, the show documents the uncomfortable yet heartwarming relationships of three siblings in very different situations: one in […]
Blinken did not address why the United States fell short of imposing sanctions on Saudi Crown Prince Mohammed bin Salman, who the report said approved an operation to kill Khashoggi in 2018, but said that a number of steps were taken on Friday to prevent similar conduct by the kingdom in future.
Shares of Etsy (NASDAQ: ETSY) climbed 11.5% on Friday after the online marketplace for handcrafted goods delivered strong fourth-quarter results. Etsy's revenue soared 128.7% year over year to $617.4 million. "2020 was an inflection point in history for e-commerce and for Etsy, with millions of buyers choosing us for their everyday needs," CEO Josh Silverman said in a press release.
Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions
(Bloomberg) -- Citigroup Inc. restated fourth-quarter results after writing down a portion of a loan to Revlon Inc. it now owns after losing a court battle.The bank now has rights as a creditor to the troubled cosmetics giant, according to a filing Friday. The firm lost a court battle over a payment it mistakenly sent to a band of lenders to Revlon in August. That led the bank to boost operating expenses in its institutional clients group by $390 million in the fourth quarter.Citigroup accidentally sent close to $900 million to lenders to the troubled cosmetics giant. While some lenders opted to return roughly $389.8 million, the bank sued 10 fund managers to recoup the remaining funds.After a trial that was closely watched across Wall Street in December, Citigroup unexpectedly lost the case earlier this month. The bank continues to believe it is entitled to the funds and has said it will appeal.Separately, the firm said regulatory agencies in the Asia Pacific region are probing the firm’s equity sales trading desks.The probes are tied to facilitation trades, or transactions in which the bank “trades fully or partially as principal,” Citigroup said in its annual regulatory filing on Friday. The firm said it is cooperating with the investigation.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- L Catterton, the private equity firm backed by luxury French fashion house LVMH, agreed to buy iconic German sandal maker Birkenstock.The investment firm and the family behind Birkenstock announced the deal on Friday without disclosing the financial terms. Bloomberg News reported earlier this week that the purchase would value the sandal maker at about 4 billion euros ($4.9 billion).L Catterton beat out a rival offer from buyout firm CVC Capital Partners, which was close to sealing a deal earlier this year, people familiar previously said. In the end, the family owners of Birkenstock preferred L Catterton’s track record with family-backed consumer brands as well as its ability to expand in Asia.“Our global platform and network will provide Birkenstock not only with new opportunities, but the resources to support the continued growth in the brand and the business,” Michael Chu, co-chief executive officer of L Catterton, said in a statement.Under the terms of the deal, the private-equity firm and the family investment company of billionaire Bernard Arnault will acquire a majority stake in Birkenstock, according to the statement. Brothers Christian and Alex Birkenstock will retain a stake in the firm.Goldman Sachs Group Inc. advised on the sale, which was spearheaded by Birkenstock Chief Executive Officer Oliver Reichert, who said it “marks a quantum leap into the next chapter of our success story.”Brand PowerL Catterton was created in 2016 by combining U.S. investment firm Catterton with the private equity operations of LVMH and its founder Arnault. The firm now manages more than $23 billion of assets, according to its website. Its investments have included denim producer Pepe Jeans, workout gear brand Sweaty Betty, cosmetics firm Bliss and online retailer Everlane.Birkenstock is a nearly 250-year-old brand best known for its sandals, which are popular with hippies and preppies alike. The style has spawned a range of luxury variants from labels including Celine and Givenchy, following a celebrity-powered bump in the 1990s and 2000s.The company sold 23.8 million pairs of shoes in the financial year through September 2019, which helped sales rise 11% to 721.5 million euros. Birkenstocks have been sold in the U.S. since 1966, when dressmaker and designer Margot Fraser began importing the sandals after discovering them on a German vacation. Its products also include belts, bags and beds, according to its website.L Catterton was joined in the deal by Financiere Agache, the family investment company of Bernard Arnault. “Together we will provide support to the business so it can fully realize its significant growth potential,” Arnault, France’s wealthiest man, said in today’s statement.Historic family-controlled companies like Birkenstock have been putting themselves on the block, as their wealthy owners look to capitalize on surging valuations for consumer companies. Private equity firms have been drawn to such businesses, which can be leveraged to boost sales and attract investors through an eventual initial public offering.LVMH in 2016 acquired German suitcase maker Rimowa from the grandson of the founder. Family-owned luxury companies, from jewelry house Bulgari to cashmere specialist Loro Piana, have also sold out to become part of conglomerates like LVMH.(Adds details on deal, advisers from sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Lunar New Year celebrations, Myanmar protests and an Eagle hunter round out this week's best images.
Discussing "digital gold" and its potential to become the currency of the future.
Santino Ferrucci spent four hours in the simulator Friday, picked up some Bojangles french fries and headed to the team shop for last-minute preparations for his NASCAR debut. Ferrucci is hitting a reset for the third time in his short career, moving from IndyCar to NASCAR for what he hopes will be a firm landing spot. Ferrucci is in the process of relocating to North Carolina — hence his new affinity for the Charlotte-based Bojangles chicken chain — and adjusting to stock cars after so many years driving in open-wheel series.
Pep Guardiola has few injury issues to contend with as Manchester City face West Ham this weekend. Man City are 19 games into an incredible winning streak, with the Premier League leaders now 10 points clear in a title race that already looks to be effectively over. Nathan Ake is the only confirmed absentee for Guardiola, leaving the Catalan coach with plenty of options.
Gameweek 26 of the Fantasy Premier League season is here, with a huge double gameweek offering the potential of massive returns. With the likes of Man City, Manchester United, Liverpool, Chelsea, Tottenham, Aston Villa and more teams facing two matches across this gameweek, it could well be a turning point in the campaign for plenty of FPL managers out there. Picking the No1 of a team who have forgotten how to lose isn’t an inspired differential pick, but a double GW against against West Ham and Wolves offers a decent chance of two clean sheets.