New York Financial News
11.10 / 22:53
IPO
film
Initial public offering
Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion
Birkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion
11.10 / 22:53
UPS
MET
Man
Sam
Caroline Ellison, saying Sam Bankman-Fried corrupted her values, found relief when truth came out
Sam Bankman-Fried's former top executive has blamed the FTX founder of corrupting her values so that she could lie and steal and create false balance sheets
11.10 / 22:53
Citi
Ford
Manufacturing
Assurant
President
reports
Detroit automakers and union leaders spar over 4,800 layoffs at non-striking factories
Detroit’s three automakers have laid off roughly 4,800 workers at factories that are not among the plants that have been hit by the United Auto Workers strikes, which have lasted for nearly four weeks
11.10 / 22:53
11.10 / 22:53
IPO
Waves
CEO
2020
Birkenstock stumbles on Wall Street as investors find sandal maker's shares too pricey
Birkenstock shares have tumbled in their debut on the New York Stock Exchange as Wall Street traded in its wingtips for sandals for a day
11.10 / 22:53
11.10 / 22:25
11.10 / 21:57
11.10 / 21:29
Extreme
Align
AIG
performer
Inside
reports
AIG reshuffles leadership to focus on underwriting business
(Reuters) — American International Group (NYSE:AIG) on Wednesday appointed company insiders David McElroy, Don Bailey, and Jon Hancock to key positions in a bid to strengthen its underwriting performance.
11.10 / 19:23
COST
Lowe's
Fighting
Assurant
reports
Oil down over 3% in 2 days, shredding ‘war premium’ as Saudis assure supply
Investing.com — Saudi Arabia is truly “balancing” the oil market by preparing to ship full volumes required by its North Asian customers, notwithstanding its output cuts — an act that’s costing it in price-per-barrel.
11.10 / 19:23
UPS
IPO
Birkenstock slips on stock market debut
Investing.com — Birkenstock fell on its stock market debut Wednesday as German sandal maker struggled to drum up demand in early trade.
11.10 / 18:01
IPO
film
2020
Birkenstock is going public with U.S. stock market debut
Birkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
11.10 / 17:53
Law
regulation
crimes
FTX
Court
Caroline Ellison provided 7 ‘alternative’ balance sheets hiding Alameda’s exposure to FTX
Testifying on the sixth day of Sam “SBF” Bankman-Fried’s criminal trial in New York, former Alameda Research CEO Caroline Ellison admitted to providing fudged numbers for review by Genesis.
11.10 / 15:25
UPS
IPO
ETF
Platform
Experts
open
Birkenstock shares indicated to open 4% above IPO price in US market debut
Birkenstock looked set for a tepid U.S. market debut on Wednesday as its shares were indicated to open 4% above their offer price, giving the German sandal maker a potential valuation of $9.74 billion. The company's stock was indicated to open between $46 to $48 on the New York Stock Exchange, compared with its initial public offering price of $46.
11.10 / 15:07
country
2020
reports
Canadian Foreign Minister Joly, Jaishankar held 'secret meeting' in Washington last month: Report
Joly held a «secret meeting» with her Indian counterpart S Jaishankar in Washington last month, a media report has said, amid a diplomatic row between the two countries over the killing of a Sikh separatist leader in June. The report by the Financial Times on Tuesday came even as Canada is yet to comply with India's communication to Ottawa to withdraw over three dozen of its 62 diplomats in the country. The Ministry of External Affairs declined to comment when asked about the reported meeting.
11.10 / 14:02
11.10 / 13:57
11.10 / 13:33
Bitfinex
stocks
shareholders
Buyback
regulatory
Bitfinex Owner Seeks Regulatory Leverage with $150 Million Buyback
In response to the recent regulatory challenges faced by Bitfinex, iFinex Inc., the Hong Kong-based parent company, is set to repurchase shares worth $150 million from its shareholders, constituting approximately 9% of the company's total outstanding capital. This move, reported by Bloomberg on October 10, aims to provide iFinex with greater control over its private dealings and streamline its ownership structure.
11.10 / 12:15
11.10 / 11:38
11.10 / 11:17
FIVE
WhatsApp
Threat
India set to restrict sugar exports in threat to global supply
new season that started Oct 1, and a decision will be made soon, said people familiar with the matter who asked not to be identified as the talks are confidential. Quotas for some overseas sales can be issued if domestic supply improves, they said. India recorded its weakest monsoon in five years and any drop in agricultural output will heap pressure on the government of Prime Minister Narendra Modi to control food inflation ahead elections next month and in 2024.
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