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Swiss parliament clears way for government to issue some UBS capital rules directly
Reuters· 2025-09-15 15:17
The Swiss upper house on Monday rejected a plan to submit all incoming UBS capital rules to parliament, clearing the way for the government to directly issue measures that could increase UBS's core ca... ...
Exxon to offer auto-voting to counter shareholder activism
Reuters· 2025-09-15 14:52
Exxon Mobil is introducing a unique shareholder voting mechanism that will allow retail investors to automatically cast ballots in step with board recommendations during annual meetings, a move that m... ...
Blackstone to buy Hill Top power plant for about $1 billion
Reuters· 2025-09-15 14:10
Core Viewpoint - Blackstone has agreed to acquire Hill Top Energy Center, a 620-megawatt natural gas power plant in Western Pennsylvania, for nearly $1 billion [1] Company Summary - The acquisition reflects Blackstone's continued investment in the energy sector, particularly in natural gas infrastructure [1] - Hill Top Energy Center has a capacity of 620 megawatts, indicating a significant scale in power generation [1] Industry Summary - The deal highlights ongoing trends in the energy industry, where natural gas remains a key component of the power generation mix [1] - The acquisition may signal further consolidation in the energy sector as companies seek to enhance their portfolios with strategic assets [1]
Alphabet hits $3 trillion in market capitalization for the first time
Reuters· 2025-09-15 14:07
Google-parent Alphabet hit a market capitalization of $3 trillion for the first time on Monday. ...
Federal Trade Commission sues Chegg for making service hard to cancel
Reuters· 2025-09-15 13:50
The U.S. Federal Trade Commission sued educational technology company Chegg Inc for allegedly making it difficult to cancel subscriptions, according to court papers filed in San Jose, California on Monday. ...
CoreWeave, Nvidia sign $6.3 billion order for cloud computing capacity
Reuters· 2025-09-15 13:28
CoreWeave said on Monday it had signed a new order with Nvidia with an initial value of $6.3 billion, which guarantees that Nvidia will purchase any residual cloud capacity not sold to customers. ...
Thales eyes more SAMP/T deals after Denmark picks European anti-missile system
Reuters· 2025-09-15 12:32
Group 1 - Thales and its partners are in discussions with several European and other nations regarding potential new SAMP/T deals [1] - Denmark has chosen the Franco-Italian air defense system over the U.S. Patriot, indicating a shift in defense procurement preferences [1]
Trump hints Tiktok deal reached, according to Truth Social post
Reuters· 2025-09-15 12:29
U.S. President Donald Trump said on Monday trade talks with China had gone very well and hinted that a deal has been reached to resolve issues the U.S. has over TikTok ownership. ...
MEG Energy urges investors to reject Strathcona's sweetened bid, backs Cenovus deal
Reuters· 2025-09-15 12:16
Core Viewpoint - MEG Energy has urged its shareholders to reject the enhanced takeover bid from Strathcona Resources and has reaffirmed its support for a sale to Cenovus [1] Group 1: Company Actions - MEG Energy is advocating for shareholders to reject the takeover offer from its majority stakeholder, Strathcona Resources [1] - The company has expressed continued support for a sale to Cenovus, indicating a preference for this transaction over the Strathcona bid [1] Group 2: Stakeholder Dynamics - Strathcona Resources has made a sweetened takeover bid for MEG Energy, which the company is advising shareholders to reject [1] - The situation highlights the competitive dynamics between Strathcona Resources and Cenovus in the context of MEG Energy's potential sale [1]
California Resources to merge with Berry Corp in $717 million deal
Reuters· 2025-09-15 12:16
Group 1 - California Resources is acquiring Berry Corp in an all-stock deal valued at approximately $717 million, including debt [1] - The acquisition reflects California Resources' strategy to expand its portfolio in the oil production sector [1] - The deal signifies a consolidation trend within the U.S. energy industry, particularly among smaller oil producers [1] Group 2 - The transaction highlights the ongoing interest in mergers and acquisitions as companies seek to enhance operational efficiencies and market presence [1] - The valuation of Berry Corp at $717 million indicates a significant investment in the current energy market [1] - This acquisition may lead to potential synergies and cost savings for California Resources, enhancing its competitive position [1]