Monday, 4 April 2022

Reuters Business: Tech, megacap growth shares boost Wall St; Twitter surges

Tech, megacap growth shares boost Wall St; Twitter surges

Wall Street's main indexes rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine.

Hasbro adds two directors, plans to keep Wizards unit

Hasbro Inc on Monday added two directors to its board and said it will keep its Wizards of the Coast unit, rejecting calls from an activist investor to spin off the profitable unit and refresh the toy maker's board with its director nominees.

EXCLUSIVE Canada to invest C$2 bln on mineral strategy for EV battery supply chain

Canada's federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said.

U.S. SEC chair previews path forward on crypto trading scrutiny, investor protection

Gary Gensler, the head of the U.S. securities regulator, said on Monday the agency is weighing how it could extend investor protections afforded to users of exchanges and alternative trading platforms to crypto trading platforms.

Mercedes-Benz puts 5,600 workers on vacation in Brazil due to chips shortage

Mercedes-Benz Group will put more than five thousand workers on collective vacation in two plants in Brazil due to the shortage of semiconductor chips, the company said on Monday.

Elon Musk takes a dig at Twitter, Web3 and NFTs, on Twitter

In the run-up to Tesla Inc Chief Executive Elon Musk's public disclosure of a $3 billion stake in Twitter , the billionaire had criticized the microblogging site for failing to adhere to free speech principles and said he was contemplating building a new social media platform.

Valentino settles litigation over pandemic-shuttered Manhattan boutique

Valentino SpA said on Monday it has settled litigation with the landlord of its former American flagship on Manhattan's Fifth Avenue, which the Italian fashion company abandoned because of the COVID-19 pandemic.

Air Lease confirms order for 32 Boeing 737 MAX jets

Air Lease Corp confirmed its order for 32 Boeing 737 MAX jets on Monday, as it seeks to meet increasing demand for the narrow-body jets from airlines eager to tap into the rebound in air travel.

Twitter options trades ahead of Musk disclosure raise analysts' eyebrows

Some well-timed trades in the options on Twitter Inc , in the days before Tesla Inc's top boss Elon Musk revealed a large stake in the social media company, are raising eyebrows among options analysts.

Canada to invest C$518 million in two GM plants in Ontario

General Motors Co will receive support worth C$518 million ($414.96 million) from Canada toward its multi-billion dollar investments in its two plants in Ontario, including one that will produce electric vehicles, the country's government said.

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