Month: July 2021

By Reuters Staff (Reuters) -Clarios International is aiming for a valuation of up to $10.7 billion in its U.S. offering, it said on Tuesday, as the Brookfield Asset Management-backed battery maker looks to tap into a red-hot IPO market. Several high-profile startups including online brokerage Robinhood and electric-vehicle firm Rivian are looking to list in a …

Brookfield’s battery maker Clarios eyes nearly $11 billion valuation in U.S. IPO Read More »

By Reuters Staff (Reuters) – Energy-focused private equity firm Kimmeridge Energy Management Co LLC on Tuesday released a white paper that criticized high executive compensations by U.S. oil producers in a year that marked one of the industry’s worst downturns. The COVID-19 pandemic and a price war between oil giants Saudi Arabia and Russia last year …

Hedge fund Kimmeridge criticizes high exec pay in energy sector Read More »

By Reuters Staff (Reuters) – Investment management platform Titan raised $58 million in a funding round led by venture capital giant Andreessen Horowitz’s cryptocurrency fund, with participation from celebrities Kevin Durant, Odell Beckham Jr, Jared Leto and Will Smith. Titan’s mobile-first investment platform, aimed at providing expert capital management to everyday investors irrespective of their wealth, …

Andreessen Horowitz leads $58 million funding in fintech firm Titan Read More »

By Christopher Walljasper -Chicago wheat up for fifth session -USDA report shows further decline in spring wheat conditions -Corn rises as U.S. crop rating misses consensus (New throughout; Updates byline, dateline previously PARIS/CANBERRA) CHICAGO, July 20 (Reuters) – Chicago wheat futures climbed on Tuesday to a two-month peak after official data underscored poor conditions for drought-hit …

GRAINS-Wheat at two-month peak on U.S. weather worries Read More »

By David French (Reuters) – Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday. Seadrill is trying to emerge from its second U.S. Chapter 11 …

Buyers circle Seadrill as it plots exit from bankruptcy: sources Read More »

By Eric M. Johnson VAN HORN, Texas (Reuters) -Jeff Bezos, the world’s richest man, soared about 66.5 miles (107 km) above the Texas desert aboard his company Blue Origin’s New Shepard launch vehicle on Tuesday and returned safely to Earth, a historic suborbital flight that helps to inaugurate a new era of private commercial space tourism. …

‘Road to space’: billionaire Bezos has successful suborbital jaunt Read More »