Shares of XL Fleet Corp, which provides electric drive systems to enhance vehicle fuel economy, fell more than 16% on Wednesday after U.S. short-selling firm Muddy Waters said it has taken a short position in the company's stock. (Reporting by Ankit Ajmera in Bengaluru;.
British shares rose on Wednesday, buoyed by gains in financial, leisure and homebuilding stocks as investors cheered finance minister Rishi Sunak's budget plan to steer the economy out of a coronavirus-inflicted shock.
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BRUSSELS (Reuters) - Aon will face a list of objections by the EU’s antitrust watchdog which it must overcome with concessions to proceed with its $30 billion bid for Willis Towers Watson, two people familiar with the matter said.
FILE PHOTO: An office building with Aon logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott
The negotiations may derail Aon’s goal of closing the deal in the first half of the year unless it offers concessions in the coming weeks to stave off the charge sheet, the people said.
When the market value of Germany's Volkswagen briefly rose above the 100-billion-euro mark on Wednesday for the first time since 2015, the boss of the normally staid carmaker took to Twitter, Elon Musk-style, to crow about it.
GameStop and other “meme stocks” mounted a late-day rally on Monday, with shares of the video game retailer climbing nearly 32% at one point on little apparent news.