2020 was the year of the SPAC, or special purpose acquisition company. During the year, 248 of these so-called “blank check” companies went public, raising a total of $83 billion. This is more than in the previous 10 years combined. To be clear, I don’t think …
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ZURICH (Reuters) – Credit Suisse said it will sink to a fourth-quarter loss after setting aside hundreds of millions of dollars more than previously expected on Friday for a legal dispute over property debt in the United States. FILE PHOTO: Switzerland’s national …
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U.K. house prices rose to a record high last month as a government incentive to buy and a desire to move out of big cities boosted demand. Prices rose 6% from a year earlier in December to an average 253,374 pounds ($340,000), mortgage lender Halifax …
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(Adds details on sales, outlook, background). Jan 8 (Reuters) – Pets at Home raised its forecast for fiscal-year underlying pretax profit on Friday as its stores would be allowed to stay open during the new national lockdown. The pet supplies firm said it now …
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MGM Resorts International has furloughed about 140 managers at its Las Vegas properties while it also is planning to hire 400 seasonal pool workers starting next month, according to local news reports. MGM announced Jonathan Halkyard is the new chief …
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