Tag: Million

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France’s Credit Agricole makes $875 million buyout offer for Italy’s Creval

PARIS/MILAN (Reuters) – France’s Credit Agricole offered to buy third-tier Italian lender Creval for 737 million euros ($875 million) on Monday, as a wave of consolidation sweeps Italy’s banking sector.

FILE PHOTO: A Credit Agricole sign is pictured on a building of the bank in Geneva November 26, 2014. REUTERS/Denis Balibouse

France’s No.2 bank had been considering expanding in Italy, its second biggest market, and both Creval and larger rival Banco BPM had been tipped as possible targets.

Credit Agricole Italia will pay 10.5 euros per Creval share, a 21.4% premium on Friday’s closing price. Shares in Creval jumped 23.7% slightly surpassing the offer’s price. Credit Agricole closed up 3.9%. Banco BPM declined 3.7%.

The buyout offer is expected to be launched by April and is subject to a two-thirds minimum acceptance threshold by Creval shareholders.

Intesa Sanpaolo’s surprise takeover of UBI earlier this year prompted rivals in Italy to

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Relativity Space closes $500 million for scaling 3D-printed rocket production

Relativity Space wants to use enormous 3D-printers to revolutionize the way rockets are built – and CEO Tim Ellis told CNBC that the company now has a “war chest” of capital to do so.

“We’re excited to announce a $500 million Series D funding round at a valuation above $2 billion from top tier blue chip investors,” Ellis said.

Tiger Global Management led the round, which was joined by fellow new Relativity investors Fidelity, Baillie Gifford, ICONIQ Capital, General Catalyst, XN Capital, Senator Investment Group and Elad Gil. Additionally, existing Relativity shareholders Bond Capital, Tribe Capital, K5 Global, 3L Capital, Playground Global, Allen & Company, Mark Cuban and Spencer Rascoff also participated in the round.

Relativity’s valuation climbed to $2.3 billion after this round, CNBC reported last week. That makes Relativity the second most valuable private space company in the world after SpaceX, according to Pitchbook. Notably, Pitchbook’s ranking does

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Cineworld Group Secures Lifeline With $450 Million Debt Facility

Beleaguered Regal cinema chain operator Cineworld Group has found a lifeline by securing a new debt facility of $450 million and the issue of equity warrants.

The company has agreed bank covenant waivers until June 2022 and has extended the maturity of its $111 million incremental revolving credit facility from Dec. 2020 to May 2024.

“The measures we are announcing today deliver over $750 million of extra liquidity to support our business,” Mooky Greidinger, CEO of Cineworld, said. “Over the long term, the operational improvements we have put in place since the start of the pandemic will further enhance Cineworld’s profitability and resilience. The Group continues to monitor developments in the relevant markets in which we operate and our entire team is focused on managing our cost base. We look forward to resuming our operations and welcoming movie fans around the world back to the big screen for an exciting

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‘Caught in Time’ Lifts China Box Office to $51 Million Weekend

Hong Kong-produced “Caught in Time” gave fresh life to the mainland China box office over its opening weekend.

The fantasy crime thriller about a cop chasing a gang through different eras earned $30.3 million. Produced by Emperor Motion Picture, the film stars the popular Daniel Wu and Wang Qianyuan, and was directed by Lau Ho-leung.

It edged aside patriotic war film “Sacrifice” which had held the top spot for the previous three weekends. “Sacrifice” managed $6.0 million in its fourth weekend, for a cumulative score of $161 million, according to data from consultancy Artisan Gateway.

Third place, and a $3.3 million haul, belonged to “Paw Patrol” in its second weekend. That compared with $5.5 million in its opening frame, and extended the film’s 11-day cumulative to $9.6 million.

Disaster action movie “Greenland” opened modestly with $3.2 million for fourth place, despite the presence of Gerard Butler above the title. His

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Trump, laden with $400 million debts, plans to cash in on his post-presidency with a book deal, media appearances, and selling rally tickets, according to a report



a man throwing a baseball on a field: US President Donald Trump golfs at Trump National Golf Club on November 21, 2020 in Sterling, Virginia. Tasos Katopodis/Getty Images


© Tasos Katopodis/Getty Images
US President Donald Trump golfs at Trump National Golf Club on November 21, 2020 in Sterling, Virginia. Tasos Katopodis/Getty Images

  • President Donald Trump is considering a range of ways to make money and advance his political brand when he leaves office in January, sources close to the president told The Washington Post. 
  • Facing $400 million debts, Trump is talking about ways to cash-in through selling rally tickets, lucrative speaking gigs and media appearances, according to the report. 
  • Though in public Trump has insisted he was the real winner of the election, in private his attention has focussed on what he’ll do after leaving the White House. 
  • Visit Business Insider’s homepage for more stories.

President Donald Trump, with top aides and allies, has discussed ways he could cash-in on his role as former president when he leaves the White House in January, The Washington Post reported. 

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Kyle Rittenhouse released from jail after posting $2 million bond

Kyle Rittenhouse, the 17-year-old accused of killing two people during a protest in Kenosha, Wisconsin, was released from jail on Friday after posting $2 million bond, CBS affiliate WDJT reported. Rittenhouse, who was extradited from Illinois to Kenosha, will return to court for a preliminary hearing in December.

Prosecutors allege that Rittenhouse fatally shot two people, Joseph Rosenbaum and Anthony Huber, and injured a third with an AR-style rifle on August 25 during the third night of unrest over the shooting of Jacob Blake, a Black man who was shot seven times by a Kenosha police officer two days prior. 

Court documents claim Rittenhouse killed Rosenbaum after a brief altercation in a parking lot in which Rosenbaum tried to take his gun. While fleeing from the scene after the shooting, Rittenhouse allegedly tripped and fell to the ground — and when Huber tried to use that moment to take his

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Brazil coronavirus cases speed past 6 million amid fears of second wave

RIO DE JANEIRO (Reuters) – Brazil surpassed 6 million confirmed cases of COVID-19 on Friday, the health ministry said, as the world’s third-worst coronavirus outbreak begins to surge again amid fears that a second wave is underway.

Passengers travel on a public bus amid the coronavirus disease (COVID-19) pandemic, in Rio de Janeiro, Brazil, November 18, 2020. REUTERS/Ricardo Moraes

The South American nation joined the United States and India as the only countries to have passed the 6 million mark. With almost 170,000 confirmed fatalities, Brazil has the world’s second highest death toll.

After three months of falling numbers since peaking in late July, infections are increasing again, government data shows.

Many places went into lockdown after the virus first appeared in Brazil in February, but life in the largest cities has largely returned close to pre-pandemic normality in recent weeks, with bars, restaurants and stores full of people, often

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Kenosha shooting suspect Kyle Rittenhouse released on $2 million bail bond

“Kyle is free, he is totally innocent, and it’s about time,” said his attorney John Pierce. “He is totally innocent, and we are going to prove it.”

Pierce said former Special Operations service members were hired to provide security for Rittenhouse.

In Wisconsin, bail has to be paid in the full cash amount. Pierce said the $2 million came from funds raised by Fight Back, an organization whose website said is tasked to “protect and defend the constitutional rights, livelihoods and property of people and businesses that are being targeted and destroyed.” The organization was founded by Lin Wood, another Rittenhouse attorney.

In a Twitter post Friday, Wood characterized Rittenhouse as “a political prisoner” and said the organization would continue to raise money for his defense costs. He also credited “NYPD Blue” actor Ricky Schroder and MyPillow CEO Mike Lindell with “putting us over the top.”

Two other conservative organizations,

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Fran and Barry Weissler Are Selling Their $13.2 Million Estate

Broadway producers Fran and Barry Weissler are selling their $13.2 million estate in Waccabuc, NY, The New York Post reports.

The 18.4-acre estate is located at 35 Schoolhouse Road, and features a four-bedroom main residence and a four-bedroom guest house.

The property also includes an outdoor amphitheater/sculpture by artist Beverly Pepper, where the Weisslers have hosted private performances by Christopher Plummer, the New York Philharmonic, James Earl Jones, Tommy Tune, Marvin Hamlisch and others.

There is also a sculpture garden which features artists including Hanneke Beaumont, as well as a pool, cabana rooms, a tennis court and a wooded walking path.

Below, get a video tour of the property:

Read more on The New York Post and check out the listing on the William Pitt website.

Barry Weissler and Fran Weissler are best known for bringing musicals to the stage such as Chicago, Finding Neverland, La Cage aux Folles, Waitress,

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Dolly Parton donated $1 million to help fund Moderna COVID-19 vaccine

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Dolly Parton is one of the most prolific singer-songwriters of our age, but she’s as well-known for her philanthropy as she is for her creativity.

USA TODAY

Dolly Parton is commenting on her million-dollar donation that helped fund the production of a promising new coronavirus vaccine by Moderna Therapeutics. 

When the country star was asked about her donation during a virtual appearance on “Today” Tuesday, she said she was just told about the impact it had before she went on the air.

“I’m just happy that anything I do can help somebody else. And when I donated the money to the COVID fund I wanted it to do good and evidently, it is!” she said. “Let’s just hope we find a cure real soon.”

Her tweet of the interview clip has garnered positive reaction from Twitter users with more than 71,000 likes and nearly 9,000 retweets as of early

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