1. Matthews International disagrees with ISS recommendation on activist candidates
REUTERS @2025-02-07 19:51:50-05:00
Matthews International said on Friday it strongly disagreed with proxy advisory firm Institutional Shareholder Services' recommendation that shareholders elect all three of activist investor Barington Capital's director nominees to the company's board.
2. Japan, US agree to have FX matters in the hands of finance chiefs, Ishiba says
REUTERS @2025-02-07 18:33:40-05:00
Japanese Prime Minister Shigeru Ishiba said he agreed with U.S. President Donald Trump that the two countries will leave foreign exchange-rate matters in the hands of their finance ministers.
3. Casino mogul Wynn asks US Supreme Court to revisit Times v. Sullivan defamation rule
REUTERS @2025-02-07 18:26:36-05:00
Casino mogul Steve Wynn has asked the U.S. Supreme Court to hear an appeal that, if granted, could give the justices a chance to revisit libel protections for journalists enshrined in a landmark 1964 ruling that has been questioned by two conservative justices and President Donald Trump.
4. Anduril in talks for new funding round with possible $28 billion valuation, sources say
REUTERS @2025-02-07 17:57:09-05:00
Anduril Industries is in talks for a new funding round that could raise the valuation of the Palmer Luckey-founded defense technology startup to $28 billion, sources said on Friday.
5. Musk speaks at JPMorgan event attended by CEO Dimon, source says
REUTERS @2025-02-07 17:35:14-05:00
Tesla CEO Elon Musk, who has been tasked by President Donald Trump to oversee a drastic downsizing and reshaping of the federal government, spoke at a JPMorgan Chase conference on Thursday and discussed his broad efforts to reshape the government, according to source familiar with the situation.
6. US Treasury taps former regulator Hood to lead bank watchdog
REUTERS @2025-02-07 17:21:20-05:00
The U.S. Treasury Department announced on Friday that Rodney Hood, a former credit union regulator, would take over as the acting head of a leading national bank regulator.
7. IMF sees Nicaragua economic growth cooling as pace of remittances fall
REUTERS @2025-02-07 17:07:26-05:00
Nicaragua's economy will likely grow at around 4% this year, similar to its expected 2024 expansion, due to prudent macro-economic polices as well as "high" remittances, according to a Friday report from the International Monetary Fund.
8. Meta prepares for layoffs on Monday -internal memo
REUTERS @2025-02-07 16:59:46-05:00
Facebook owner Meta Platforms plans to carry out its expected company-wide layoffs next week while pushing ahead with the expedited hiring of machine learning engineers, it told staffers in internal memos seen by Reuters on Friday.
9. Exclusive: Trump Air Force nominee arranged satellite contract in manner that favored Musk's SpaceX, sources say
REUTERS @2025-02-07 16:51:17-05:00
President Donald Trump's nominee as Air Force Secretary, currently a top official at the national spy satellite agency, arranged a multibillion-dollar contract solicitation in a way that favored Elon Musk's SpaceX, according to seven people familiar with the contract.
10. Nippon steel has not axed its bid for U.S. Steel, sources say
REUTERS @2025-02-07 16:49:40-05:00
Nippon steel has not withdrawn its $14.9 billion bid to buy U.S. Steel , two people close to the deal said on Friday, after President Donald Trump said earlier the Japanese steelmaker would "invest" in US Steel but not buy it.
