By Giulia Petroni Greenlight Capital, a minority shareholder of Vitesco Technologies Group, is urging the auto supplier to push for an improved takeover bid by Schaeffler or consider alternative options. In a statement released on Monday, Greenlight Capital called on Vitesco to disclose its fair value assessment and compare it to Schaeffler's proposed offer of €91 ($97.6) per … [Read more...] about Greenlight Capital Urges Vitesco Technologies Group for Better Takeover Bid
Systemic Risk Concerns for Hedge Funds
Federal regulators are expressing growing concerns about certain hedge funds that may be jeopardizing the stability of the economy. In an effort to address this issue, the Financial Stability Oversight Council (FSOC) has recently implemented changes that will facilitate the designation of hedge funds, private-equity firms, and other nonbank financial institutions as … [Read more...] about Systemic Risk Concerns for Hedge Funds
Vertex Pharmaceuticals Reports Strong Q3 Results
Vertex Pharmaceuticals, a leading drugmaker based in Boston, has announced impressive financial performance in the third quarter. The company's profit has risen to $1.04 billion, or $3.97 per share, compared to $930.5 million, or $3.59 per share, in the same period last year. This exceeds analysts' expectations of $3.50 per share. When adjusting for one-time items, the adjusted … [Read more...] about Vertex Pharmaceuticals Reports Strong Q3 Results
Former White House Chief of Staff Mark Meadows Faces Lawsuit Over Election Claims
New York - Former White House chief of staff Mark Meadows is at the center of a legal dispute with his publisher, All Seasons Press, regarding his book's assertion about the 2020 election. All Seasons Press claims that Meadows' sworn testimony contradicts the narrative presented in "The Chief's Chief," where he asserted that the election was stolen from former President Donald … [Read more...] about Former White House Chief of Staff Mark Meadows Faces Lawsuit Over Election Claims
Nintendo Reports Rise in Profits
Nintendo has announced a significant increase in its first-half net profit, leading the company to raise its fiscal-year earnings forecasts. The rise in profit can be attributed to the success of a Super Mario film, as well as stronger sales of the Switch console and software. Impressive Financial Results For the six months ended September 30, Nintendo's net profit rose by 18% … [Read more...] about Nintendo Reports Rise in Profits
