Donald Trump and his family, and the family business, egregiously misstated the value of their assets to get more favorable loan terms, allegedly through blatant accounting falsehoods, exaggerations and outright Read more
Tag: Corporate Funding
Citrix debt deal prices with large losses for banks
Investment banks including Bank of America Corp., Credit Suisse Group AG and Goldman Sachs Group Inc. are on track to collectively lose more than $500 million on debt backing the Read more
Norsk Hydro to initiate share buyback program
Norwegian energy and aluminum company Norsk Hydro ASA said Friday it has decided to initiate a share buyback program that will see up to 100 million shares purchased for a Read more
Katzenberg: Cybersecurity startup Aura is profitable, but no IPO for now
Cybersecurity startup Aura is profitable and headed for $300 million in annual revenue, according to backer and Hollywood legend Jeffrey Katzenberg, but an initial public offering is not planned in Read more
Melt Pharmaceuticals files for IPO
Melt Pharmaceuticals, Inc. filed for an initial public offering with the Securities and Exchange Commission on Wednesday. The company said it is focused on developing and commercializing “proprietary non-opioid, non-IV, Read more
Opinion: Washington must stand firm on supporting domestic manufacturing of electric vehicles
The sprawling Inflation Reduction Act (IRA) that President Joe Biden signed last month touches on everything from Medicare costs and corporate stock buybacks to labor protections and clean-energy projects. However, it also Read more
German government nationalizes Uniper in a deal that will see it buy Fortnum stake, inject nearly $8 billion
Finnish energy group Fortum Oyj said Wednesday it has agreed to sell its stake in Uniper SE to the German state in a move aimed at securing energy supply in Read more
Ralph Lauren looks to boost profit margins after years of restructuring
Ralph Lauren Corp. aims to buy back more stock and boost its profit margins as it benefits from strong consumer demand after years of restructuring. The New York-based luxury retailer on Monday Read more
‘SPAC king’ is throwing in the towel on two vehicles after failing to find target companies in time
Chamath Palihapitiya, backer of the Social Capital Hedosophia Holdings Corp. special-purpose acquisition corporations, or SPACs, is winding down two vehicles after failing to find target companies within the required time Read more
Jamie Dimon to criticize bank capital requirements and lament impact of inflation on regular Americans in coming Capitol Hill testimony
JPMorgan Chase & Co. CEO Jamie Dimon will focus the bulk of his prepared remarks in Congress this week on the bank’s positive role in the U.S. economy and the Read more