Month: July 2022

Reuters reveals former Republicans and Democrats form new third U.S. political party

Reuters exclusively reported dozens of former Republican and Democratic officials announced a new national political third party yesterday to appeal to millions of voters they say are dismayed with what they see as America’s dysfunctional two-party system. The new party, called Forward, will initially be co-chaired by former Democratic presidential candidate Andrew Yang and Christine […]
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Reuters reveals business payments firm Billtrust up for sale

Reuters exclusively reported BTRS Holdings Inc, the owner of business payments vendor Billtrust, is exploring options that include a potential sale. A sale to a private equity firm is one of the options being examined. Shares of BTRS Holdings Inc rose as much as 17% after Reuters reported the news The post Reuters reveals business […]
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Credit Suisse weighs options to strengthen capital

Reuters was the first to report that Credit Suisse is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers. The size of the increase would be likely to exceed 1 billion Swiss francs, but this has not yet been determined. The cash injection would […]
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Reuters reveals after Ukraine, ‘whole world’ is a customer for Turkish drone

Reuters exclusively reported that Ukraine’s destruction of Russian artillery systems and armoured vehicles with Turkish Bayraktar TB2 aerial drones has made “the whole world” a customer, according to its designer. Selcuk Bayraktar, who runs the Istanbul firm Baykar with his brother Haluk, said the drones had shown how technology was revolutionising modern warfare. At least […]
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Reuters reveals China’s anti-virus spending boosts medical, tech, construction

Reuters reported that China’s ‘zero-COVID’ policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country’s economy but has created bubbles of growth in the medical, technology and construction sectors. The Chinese government, alone among major countries in vowing to eradicate the coronavirus within […]
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Reuters reveals Japanese buyout firms JIP, Polaris considering bids for Toshiba

Reuters revealed that Japanese buyout firms Japan Industrial Partners and Polaris Capital Group are each considering participating in bids for Toshiba Corp. Toshiba, which has been bedeviled by accounting and governance crises since 2015, set up a special committee last month to explore strategic options, including potential deals to go private, after shareholders voted down […]
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Kohl’s braces for bidders revising down offers

Reuters exclusively reported that bidders competing to acquire Kohl’s are preparing to make binding offers that are up to 15% lower than the indicative bids they submitted earlier this year to reflect the market downturn and the U.S. retailer’s deteriorating business. The bidders include private equity firm Sycamore Partners, brand holding firm Franchise Group and […]
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