Warner Music to float in US in first big-name launch since pandemic

The first big-name flotations since the coronavirus pandemic hit the world’s financial markets are due in New York later this week as Warner Music and the data firm ZoomInfo Technologies, with a combined value of $20bn (nearly £16bn), get set to list their shares. Warner Music, the world’s third-biggest record company, home to artists including Ed Sheeran, Bruno Mars and […]

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How Ford plans to safely reopen US plants

New York (CNN Business)Building cars during the Covid-19 pandemic requires more than keeping workers in auto plants safe. Hundreds of supplier plants must stay safe and healthy, too. Keeping the supply chain operating is crucial, because cars cannot be built unless automakers have 100% of the parts. Last week proved how difficult that can be in the current environment. Thursday […]

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S&P 500, Dow scale fresh three-month peaks

(Reuters) – The S&P 500 and the Dow Jones indexes hit new three-month highs on Tuesday on prevailing optimism around the reopening of businesses, with investors remaining cautious around more disruptions from protests in the country over the death of a black man while in police custody. Some of the worst-hit stocks in the travel sector, including American Airlines Group […]

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JPMorgan, Barclays settle Mexican bond rigging litigation

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) and Barclays Plc (BARC.L) will pay $20.7 million to resolve investors’ claims they conspired to rig the Mexican government bond market, the first of nine banks in the proposed class-action litigation to settle. In a Monday night filing with the U.S. District Court in Manhattan, lawyers for the investors said the […]

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Pfizer to invest up to $500 million in public drug developers

(Reuters) – Pfizer Inc (PFE.N) said on Tuesday it will invest up to $500 million into publicly traded drug developers to fund their treatment candidates and provide access to the U.S. drugmaker’s scientific expertise. Pfizer said it will make non-controlling investments in the biotechs with small- to medium-sized market capitalizations, but did not identify them. The move comes at a […]

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UK coalmines operator Hargreaves Services to end mining next month

One of Britain’s last remaining coalmine operators will put an end to all mining operations from next month because it is clear that coal has “a limited future” in the UK. Durham-based Hargreaves Services, one of the largest remaining operators of surface mines in the UK, told investors on Tuesday that it plans to wind down its UK mining operations […]

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SAG-AFTRA Foundation President Courtney B. Vance Urges Nonviolent Protest And An End To Civil Unrest

SAG-AFTRA Foundation president Courtney B. Vance, in his latest “fireside chat,” is calling for calm amid nationwide protests that have frequently turned violent and destructive. “I know many of you are feeling the pain and frustration of what has happened in Minneapolis and other parts of the country,” he said today. “I feel it too, and have every intention of […]

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Bank of America pledges $1 billion to address racial, economic inequality

(Reuters) – Bank of America Corp said on Tuesday it is making a $1 billion, four-year commitment to help communities address economic and racial inequality exacerbated by the COVID-19 global pandemic. The U.S. lender is the first big bank to pledge monetary support following violent protests across the country after George Floyd, an unarmed black man, died while in police […]

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