Engine Capital Pushes MRC Global to Explore Sale
Engine Capital is urging pipe, valves and fittings distributor MRC Global Inc. to consider exploring a sale.
Bloomberg Top News
SpaceX Seeks to Head Off New Human Spaceflight Safety Rules
Space Exploration Technologies Corp. plans to advocate to the US Congress on Wednesday for a multiyear extension of a ban on imposing safety regulations on commercial human spaceflight.
Chip Stocks Shed $73 Billion After US Curbs Nvidia Sales to China
Semiconductor stocks slipped on Tuesday after the US announced sweeping updates to export curbs designed to block China’s access to advanced computer chips, changes that will restrict the sale of semiconductors that Nvidia Corp. designed specifically for the Chinese market.
Bank of America Plans to Double Its Middle-Market Dealmaking Team Again
Bank of America Corp. Chief Executive Officer Brian Moynihan said the lender plans to again double its team of investment bankers focused on middle-market clients, after kicking off a push in that business to help counter a broader deal slump.
Trump Blasts ‘Rigged’ New York Fraud Trial, Says Banks Happy to Lend to Him
Former President Donald Trump blasted New York’s civil fraud trial against him and said the banks he is accused of misleading for years actually benefited from lending hundreds of millions of dollars to his real estate business.
Microsoft-Activision Takeover Emboldens Merger Arb Traders to Boost Their Bets
Traders who bet on corporate mergers and acquisitions are boosting their wagers on a slew of proposed deals, after successful trades on transactions like Microsoft Corp.’s purchase of Activision Blizzard Inc. have left them with more money to invest.
Wyndham Rejects $9.8 Billion Takeover Offer from Choice Hotels
Wyndham Hotels & Resorts Inc. rejected a takeover offer from Choice Hotels International Inc., saying the proposal undervalues the company’s potential for growth and would be subject to a lengthy regulatory review.
Brazil’s Bolsonaro Plotted Coup After Election Defeat, Congressional Probe Finds
Former Brazil President Jair Bolsonaro should face criminal charges for plotting a coup d’etat in response to his 2022 election defeat, the lawmaker leading a congressional probe into Jan. 8 riots that ransacked the capital said in an official report.
US Restricts Nvidia Made-for-China Chips in New Export Rules
The Biden administration stepped up its efforts to block Beijing’s access to advanced semiconductor technology with a slew of new rules, including curbs on the sale of Nvidia Corp. chips designed specifically for the Chinese market.
Shell’s Pathway to Net Zero Emissions Has Changed, CEO Says
Shell Plc still plans to achieve net zero emissions by the middle of the century, but its approach to hitting that target has changed, its CEO said.