Warner Music strikes a chord as shares pop on Nasdaq debut

(Reuters) – Warner Music Group Corp’s WMG.O stock popped 8% on its Nasdaq debut on Wednesday, after the world’s third-largest recording label sold shares in its $1.9-billion initial public... Read more »

Warner Music strikes a chord in $1.9 billion U.S. IPO

(Reuters) – Warner Music Group Corp WMG.O said on Wednesday it raised $1.93 billion in the biggest U.S. initial public offering (IPO) so far in 2020, with the world’s... Read more »

Warner Music’s upsized IPO raises $1.9 billion in biggest U.S. listing this year

(Reuters) – Warner Music Group Corp WMG.O, the world’s third-largest recording label, said on Wednesday it sold more shares than earlier planned to raise $1.93 billion in the biggest... Read more »

Ackman says hedge fund up 27% year to date, dumped Berkshire

FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan... Read more »

U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund

NEW YORK (Reuters) – U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc... Read more »

Northern Trust shutting fund; an outlier or sign of future risk?

FILE PHOTO: An employee walks past a company logo at Northern Trust offices in London, Britain August 1, 2019. REUTERS/Toby Melville BOSTON (Reuters) – Northern Trust Corp’s decision to... Read more »

Northern Trust shutting fund in latest prime money market stress

BOSTON (Reuters) – Northern Trust Corp (NTRS.O) said it will liquidate a $1.8 billion prime money market fund, one of a number to come under stress this year as... Read more »

Your small business and COVID-19 questions, answered

NEW YORK (Reuters) – Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States. FILE PHOTO: A... Read more »

Florida business lender accused of accounting fraud settles with SEC

BOSTON (Reuters) – Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that... Read more »

U.S. stock funds shed $10.8 million in week: Lipper

(Reuters) – U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper. U.S. taxable bond funds attracted $11.9 billion, the fourth straight... Read more »