(Reuters) – B Riley is navigating one of its most turbulent years due to the ill-fated investment in Vitamin Shoppe-owner Franchise Group that has invited scrutiny from regulators and prompted investors to…
Category: Economy
B. Riley stock extends losses after bank delays quarterly report
(Reuters) -B. Riley Financial’s shares fell 11% in premarket trading on Tuesday after the investment bank disclosed a delay in filing its quarterly report with the U.S. Securities and Exchange Commission, adding…
Treasury yields hold firm in thin holiday trade, CPI awaited
NEW YORK (Reuters) – U.S. Treasury yields traded sideways early on Monday as the market awaited inflation data later in the week that should be pivotal for Federal Reserve policymakers to judge…
Lazard hires Guggenheim banker Haydon for private equity dealmaking, source says
By David French (Reuters) – Investment bank Lazard has hired Courtney Haydon from Guggenheim Securities as a managing director to help drive dealmaking involving private equity firms and alternative asset managers, a…
U.S. regulators fine Piper Sandler $16 million for record-keeping failures
(Reuters) – Piper Sandler has agreed to pay a total of $16 million as a civil penalty to U.S. regulators to resolve investigations into its record-keeping practices, the investment banking firm said…
Equities sell off, Nasdaq on track for correction, bond yields sink
NEW YORK (Reuters) -Global equities sold off on Friday and U.S. Treasury yields were at multi-month lows on concerns about the economy and downbeat forecasts from Amazon and Intel, which hit richly-valued…
World Bank approves $1 billion in financing for Ethiopia
(Reuters) – The World Bank said on Tuesday its board had approved a $1 billion credit for Ethiopia, as the Horn of Africa country tries to push ahead with a long-running debt…
Pondera seeks to cash out of Whisker at $1 billion valuation, sources say
By Abigail Summerville NEW YORK (Reuters) – Investment firm Pondera Holdings is exploring options for Whisker, including a sale of its controlling stake that could value the maker of self-cleaning cat litter…
Bank of Canada pivots to boosting economic growth, raising rate cut bets
By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) – The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest rate…
US private equity firm Stonepeak to acquire NZ’s Arvida Group in $746 million deal
(Reuters) -U.S.-based private equity firm Stonepeak said it would buy New Zealand’s Arvida Group for NZ$1.24 billion ($745.74 million) excluding debt, sending the aged care provider’s shares up nearly 60% on Monday…