MIT Professor’s Moderna Stake on Brink of Topping $1 Billion

Another early investor of Moderna Inc. is on the cusp of owning a stake worth at least $1 billion after the biotech firm reported encouraging early trial results for an experimental Covid-19 vaccine. The value of board member Bob Langer’s 3.2% holding, including stock options, rose to $934.3 million Monday, as the shares surged 20% … Read more MIT Professor’s Moderna Stake on Brink of Topping $1 Billion

Treasurer Josh Frydenberg on Virgin collapse: “This is not the end of an airline” | ABC News

Press conference with Michael McCormack, Deputy Prime Minister and Treasurer Josh Frydenberg on the collapse of Virgin Australia. Frydenberg ruled out a rescue package from the Federal Government. “The Government was not going to bail out five large foreign shareholders with deep pockets who, together, own 90 per cent of this airline,” he said. Australia’s … Read more Treasurer Josh Frydenberg on Virgin collapse: “This is not the end of an airline” | ABC News

Walton Family’s Wealth Climbs to $165.7 Billion With Recession-Resilient Walmart

The fortunes of the Walton family — the pioneers of American bargain shopping — have reached new heights during a pandemic that has otherwise obliterated trillions of dollars of value across global markets. The combined net worth of siblings Alice, Jim and Rob Walton has climbed 2.6% this year to $165.7 billion as recession-wary shoppers … Read more Walton Family’s Wealth Climbs to $165.7 Billion With Recession-Resilient Walmart

HSBC Dividend Halt Stirs Hong Kong Shareholders’ Outrage

Apr.08 — Simon Yuen, founder of Surich Asset Management, which is leading the HSBC Shareholders Alliance, discusses the bank’s decision to scrap dividends. The alliance, which claimed to have the backing of 3,000 shareholders, made four demands including dividend payments in the form of additional shares rather than cash and to ax directors’ fees for … Read more HSBC Dividend Halt Stirs Hong Kong Shareholders’ Outrage

Coronavirus: Premier League clubs to consult players over wage cuts

The Premier League season has been suspended until it is safe to resume play, as it is announced players may have 30% of their salary cut. In a statement on their website, it sets out a number of new steps being taken following a Premier League Shareholders meeting held today. SUBSCRIBE to our YouTube channel … Read more Coronavirus: Premier League clubs to consult players over wage cuts

SoftBank Is Said to Plan to Abandon WeWork Shareholders Deal

Apr.01 — SoftBank Group Corp. plans to let the deadline for a $3 billion deal with WeWork investors expire without completing the agreement to buy more equity, despite threats of legal action from some members of the company’s board, according to people familiar with the matter.  Ellen Huet reports on “Bloomberg Daybreak: Australia.”

Aramco Keeps $75 Billion Dividend Promise Despite Oil’s Dive

Mar.16 — Even with oil prices having slumped, Saudi Aramco said it still intends to give at least $75 billion to shareholders this year. The world’s biggest company by market value, which listed in the Saudi Arabian capital of Riyadh in December, will pay the dividends on a quarterly basis, it said in its 2019 … Read more Aramco Keeps $75 Billion Dividend Promise Despite Oil’s Dive

Flybe collapses as coronavirus hits aviation industry

Europe’s biggest regional carrier fell into administration after ministers rejected a request for a £100m state loan. Europe’s biggest regional carrier fell into administration after ministers rejected a request for a £100m state loan following seven weeks of talks, with shareholders bogged down in an industry-wide crisis caused by the disease and unwilling to help … Read more Flybe collapses as coronavirus hits aviation industry

Pioneer Joins Permian Oil Dividend Party As Exxon ‘Gets It Wrong’

Feb.20 — Pioneer Natural Resources became the latest Permian oil producer to hike its dividend as shareholders push for better returns. Fellow shale oil producers Concho Resources, Diamondback Energy, Devon Energy and Parsley Energy also increased their dividends. On “Bloomberg Commodities Edge”, Bloomberg’s Alix Steel talks with Paul Sankey, senior oil and gas analyst at … Read more Pioneer Joins Permian Oil Dividend Party As Exxon ‘Gets It Wrong’

Jupiter Fund Snares Merian Global in $482 Million Deal

Feb.17 — Jupiter Fund Management snapped up rival U.K. Asset Manager Merian Global Investors as the industry faces pressure to consolidate. The British fund manager will pay $482 million through the issue of new Jupiter shares to Merion shareholders with an additional deferred performance payout according to a statement we got today. Bloomberg’s Sam Unsted … Read more Jupiter Fund Snares Merian Global in $482 Million Deal

Siemens Faces Protests on Australian Coal Project

Feb.05 — Siemens, the German industrial giant, has warned a market slump is set to continue after quarterly profit missed the street’s estimates due to a steep decline in the automotive machine-building and energy businesses. The results come on the same day as shareholders are meeting where the CEO Joe Kaeser is expected to face … Read more Siemens Faces Protests on Australian Coal Project