Friday, 5 November 2021

Reuters Business: Peloton's value drops $9.2 billion as Wall Street predicts tough road ahead

Peloton's value drops $9.2 billion as Wall Street predicts tough road ahead

Peloton Interactive Inc shares closed 35.3% lower on Friday, wiping off about $9.2 billion in market value as analysts predicted a tough path ahead for the pandemic darling amid a return by economies to normalcy.

Wall St books records, weekly gains on strong jobs report, Pfizer COVID-19 pill cheer

Wall Street's main indexes scored record closing highs on Friday and booked solid gains for the week following a strong U.S. jobs report and positive data for Pfizer's experimental pill against COVID-19.

Barclays subpoenaed by U.S. Virgin Islands over Epstein ties

The U.S. Virgin Islands has asked British bank Barclays to hand over information related to the late convicted sex offender Jeffrey Epstein, the bank said on Friday.

S&P 500 books record on strong jobs report, Pfizer COVID-19 pill cheer

The S&P 500 scored another record high on Friday and booked a week of solid gains following a strong U.S. jobs report and positive data for Pfizer's experimental pill against COVID-19.

Decision day for Canada's Rogers Communications boardroom brawl

A Canadian court is set to pronounce its verdict on which of the dueling boards and chairs of Rogers Communications Inc is legitimate, a dispute that has warped the country's biggest wireless carrier after a feud in the founding family erupted into the open.

McAfee nears deal to sell itself to Advent for over $10 bln - WSJ

Cyber security firm McAfee Corp is nearing a deal to sell itself to U.S. private equity firm Advent International for more than $10 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.

EXCLUSIVE US Foods seeks new top executives amid investor pressure -sources

US Foods Holding Corp is seeking to hire a chief operating officer and replace its chief financial officer as it faces pressure from an activist investment firm to improve its operations, according to people familiar with the matter.

Occidental to increase dividend payments after cutting debt - CEO

U.S. oil producer Occidental Petroleum Corp will increase dividend payments to shareholders once it gets debt levels to $25 billion, Chief Executive Vicki Hollub said on Friday.

S&P 500 hits record on strong jobs report, Pfizer COVID-19 pill cheer

The S&P 500 and Dow rose modestly to record highs on Friday following a strong U.S. jobs report and positive data for Pfizer's experimental pill to fight COVID-19.

SolarWinds investors allege board knew about cyber risks

SolarWinds Corp investors have sued the software company's directors, alleging they knew about and failed to monitor cybersecurity risks to the company ahead of a breach that created a vulnerability in thousands of its customers' systems.

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