Russia explores buying stranded jets from Western leasing firms

Russia explores buying stranded jets from Western leasing firms

Some 400 jets worth $10 billion stranded by war $644 mln offered for 17 Aeroflot aircraft -letter Russian plan would use its National Wealth Fund Required EU approval not yet forthcoming -sources DUBLIN/LONDON, Dec 22 (Reuters) – Russian airlines have held exploratory talks with at least one major Western leasing firm about using state funds … Read more

Rainwater Tech to list in New York via SPAC merger

Rainwater Tech to list in New York via SPAC merger

NEW YORK, Dec 22 (Reuters) – Rain Enhancement Technologies Inc, a developer of systems that boost rainfall in arid regions, has agreed to combine with special purpose acquisition company (SPAC) dMY Technology Group VI (DMYS.N), the companies told Reuters. Led by Mike Nefkens, the former president of Hewlett Packard Enterprise Services, Rain Enhancement Technologies – … Read more

Elon Musk’s team seeks new funding for Twitter – investor

Elon Musk’s team seeks new funding for Twitter – investor

Dec 16 (Reuters) – Elon Musk’s team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said. Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, told Reuters that he was contacted by a Musk representative about offering more shares at … Read more

Meta battles U.S. antitrust agency over future of virtual reality

Meta battles U.S. antitrust agency over future of virtual reality

SAN JOSE, Calif./ WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, kicking off a high-profile trial to try to prevent the Facebook parent from buying virtual reality app developer Within Inc. The FTC sued in July to … Read more

Bankman-Fried says he will testify before U.S. House committee

Bankman-Fried says he will testify before U.S. House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The U.S. House Financial Services Committee plans to hold a hearing in December to investigate the … Read more

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensible’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in cash, paving the way for a potential bumper payout … Read more

Simon & Schuster to let sale to Penguin fall apart, sources say

Simon & Schuster to let sale to Penguin fall apart, sources say

NEW YORK, Nov 20 (Reuters) – Book-publishing powerhouse Simon & Schuster will let its $2.2 billion sale to Penguin Random House collapse on Monday, opening the door for a new suitor to try to clinch a deal, according to people familiar with the matter. The acquisition was blocked on Nov. 1 by a federal judge … Read more

FTX founder Sam Bankman-Fried says he is in the Bahamas

FTX founder Sam Bankman-Fried says he is in the Bahamas

NEW YORK, Nov 12 (Reuters) – FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown to South America after the exchange filed for bankruptcy and he was removed as chief executive. When asked by Reuters whether he had flown to Argentina, Bankman-Fried … Read more

Sam Bankman-Fried’s sudden turn from white knight to washout

Sam Bankman-Fried’s sudden turn from white knight to washout

Nov 11 (Reuters) – Sam Bankman-Fried earned a reputation as savior of the crypto industry when he bailed out two platforms earlier this year. But when FTX, the exchange he co-founded and led until Friday, needed a lifeline, none was forthcoming. Until this week, the 30-year-old American was seen as a darling in digital assets … Read more

FTX’s Bankman-Fried scrambles for funds after Binance deal collapse

FTX’s Bankman-Fried scrambles for funds after Binance deal collapse

HONG KONG/SINGAPORE/NEW YORK, Nov 10 (Reuters) – FTX Chief Executive Sam Bankman-Fried on Thursday launched an urgent push to raise funds to save his firm as the crypto exchange looks to plug a reported $8 billion hole in its finances, according to tweets and a memo to employees. Bankman-Fried said he was in talks with … Read more