LEGAL

Third Point discloses stake of nearly $1 bln in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co (DIS.N) and said it plans to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor …

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Starbucks seeks to pause union elections at U.S. cafes, claims misconduct

NEW YORK, Aug 15 (Reuters) – Starbucks Corp (SBUX.O) on Monday accused the federal labor board overseeing union elections at its U.S. cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain said in a letter to National Labor Relations Board (NLRB) Chairman Lauren McFerran …

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NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing …

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Newly-launched U.S. drugs head toward record-high prices in 2022

Median annual price for new U.S. drugs this year is $257,000 Eight of 13 drugs launched in 2022 priced over $200,000 per year Some drugmakers disclose less information on pricing Aug 15 (Reuters) – Drugmakers are launching new medicines at record-high prices this year, a Reuters analysis has found, highlighting their pricing power even as …

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LIV golfers’ different attitudes towards legal action offers insight into motives | Ewan Murray

It would be unwise to place blind faith in the comments of a judge during a commercial dispute. In the case of LIV Golf and associated chaos, a sporting resolution chamber in the UK placed a stay on suspensions of DP World, formerly European, Tour golfers long before this week’s dramatic events in a courtroom …

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S.Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

Samsung heir served 18 months in jail for bribery Businessmen were convicted in scandal that felled a president S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee pardoned – analysts SEOUL, Aug 12 (Reuters) – South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee …

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Robinhood must face U.S. market manipulation claims over ‘meme stock’ rally, judge rules

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face market manipulation claims over …

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Elon Musk posts cryptic ‘X.com’ tweet, hinting at social media plans

Billionaire Elon Musk made a cryptic reference to his potential plans to launch his own social media platform on Tuesday night, depending on the outcome of his $44 billion legal battle with Twitter. Musk, who is attempting to back out of his agreement to buy Twitter due to concerns about spam bots, addressed the possibility …

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Ripple Labs interested in bankrupt crypto lender Celsius’ assets

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in …

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Flush with cash, Pfizer buys Global Blood Therapeutics in $5.4 bln deal

Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash for sickle cell disease drugmaker Global Blood Therapeutics (GBT.O), as it looks to capitalize on a surge in revenue from its COVID-19 vaccine and treatment. Pfizer will pay $68.50 per GBT share, which represents a 7.3% premium to its Friday …

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