Markets

The DOJ reportedly pours cold water on Sprint and T-Mobile’s merger

Shares of the US telecom provider Sprint are tumbling in premarket trading after a Wall Street Journal report indicated the company’s planned merger with T-Mobile was unlikely in its current form. The Department of Justice’s (DOJ) antitrust division has concerns with the deal’s current structure and the potential threat it […]
The DOJ reportedly pours cold water on Sprint and T-Mobile’s merger
Markets

Boeing shareholders are suing the company, claiming it put safety at risk in a reckless pursuit of profits that ended in the 2 fatal 737 Max crashes

Boeing’s problems continue to mount after shareholders launched a legal challenge Tuesday, claiming they were defrauded over safety deficiencies on the 737 Max aircraft. The lawsuit alleges securities-fraud violations. Boeing’s market cap has plummeted by $US34 billion since a fatal crash in Ethiopia last month, the second of two in […]
Boeing shareholders are suing the company, claiming it put safety at risk in a reckless pursuit of profits that ended in the 2 fatal 737 Max crashes
Markets

Wall Street and Alexandria Ocasio-Cortez are on the same side for once — they’re piling scepticism onto the credit-ratings firm Equifax

Short-selling positions in the credit agency Equifax have spiked to their highest level since its data-leak scandal in 2017. Rep. Alexandria Ocasio-Cortez has slammed the company as part of what she calls a “dice game” of privatised credit scoring. Part of short-sellers’ motivation may relate to class-action lawsuits resulting from […]
Wall Street and Alexandria Ocasio-Cortez are on the same side for once — they’re piling scepticism onto the credit-ratings firm Equifax
Markets

Half of Myer shareholders are stuck with stocks too small to sell

At least half of Myer’s shareholders are trapped with parcels of stock too small to sell, compounding the pain felt by thousands of retail investors who have been hammered by the department store’s faltering fortunes. Shareholdings are considered “unmarketable” when their value dips bellow $500, because they are difficult to […]
Half of Myer shareholders are stuck with stocks too small to sell