Skip to content
Investors who once overwhelmingly expected President Donald Trump to be reelected have increasingly resigned themselves to the prospect of a Joe Biden presidency....
(Bloomberg) -- Wirecard AG had repeated contact with Angela Merkel’s chancellery in the months before its collapse, according to a chronology of events by her office.Merkel has come under pressure to clarify her interactions with the digital payments company after the chancellery confirmed that the German leader promoted Wirecard during a trip to China in September 2019 after her office was informed of ongoing investigations.Opposition lawmakers are threatening to call for a parliamentary investigation as they press Merkel’s administration over how it pursued fraud allegations against Wirecard, a member of Germany’s benchmark DAX index.Underscoring the impact of the scandal, the finance committee in Germany’s lower house of parliament plans to interrupt the summer recess to hold a special session on July 29 to discuss the firm’s collapse. Finance Minister Olaf Scholz and Economy Minister Peter Altmaier have been invited.Munich prosecutors on Wednesday scheduled an ad hoc press conference to inform about...
WATERLOO, Ontario, July 22, 2020 /CNW/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced that it has obtained consents from the beneficial owners of 88.39% of its outstanding 3.75% unsecured convertible debentures (TSX: BB.DB.V) (the "3.75% Debentures") including Fairfax Financial Holdings Limited and certain of its affiliates (together, "Fairfax"), to give effect to an extraordinary resolution (the "Extraordinary Resolution") authorizing a supplemental indenture to permit the optional redemption of the 3.75% Debentures prior to November 13, 2020. The outstanding principal amount of the 3.75% debentures is US$605 million. BlackBerry intends to redeem the entire outstanding principal amount of the 3.75% Debentures on or about September 1, 2020 (the "Redemption Date") at a redemption price of 101.6854% of the outstanding principal amount of the 3.75% Debentures....
Morgan Stanley (NYSE:MS) shareholders will have a reason to smile today, with the analysts making substantial upgrades......
Novavax CEO Stanley Erck and three other executives would earn the options, worth $101 million at Tuesday’s closing stock price, if the company’s vaccine candidate enters a mid-stage clinical trial - regardless of its eventual success, according to a company filing. The incentive plan, which has not been previously reported, allows the executives to start exercising the options a year after Novavax starts the so-called Phase 2 trial, as it expects to do soon....
Top news and what to watch in the markets on Wednesday, July 22, 2020....
