Boston Red Sox owner John Henry is in talks with RedBall Acquisition Corp to take his famed sports holding company Fenway Sports Group LLC public, a person familiar with the matter told Reuters late on Friday.
Speculators' net bearish bets on 30-year Treasury bond futures grew to a record high in the latest week, data from the Commodity Futures Trading Commission showed on Friday, reflecting expectations of higher yields on longer-dated U.S. government bonds.
Billionaire investor Daniel Och, who founded hedge fund Och-Ziff Capital Management, said in a filing on Friday that he plans to raise $750 million through a blank check acquisition vehicle, becoming the latest major hedge fund investor to launch one.
* Report reveals company bought a turkey for $30,000 (Adds details, comment from Norway Petroleum Minister)
* First deals possible in current fiscal year (Adds internal memo)
A report on Norwegian energy firm Equinor's loss-making investment in the United States detailed significant problems the state-controlled company should have dealt with faster, its chair and chief executive said on Friday.
Thyssenkrupp has begun due diligence with potential bidders for its plant division as the German conglomerate accelerates a radical overhaul to sell or turn around ailing business units in the next two years, a top executive told Reuters.
The debate between Democratic presidential candidate Joe Biden and President Donald Trump, marred by frequent interruptions and name-calling, did little to enlighten the electorate. But it was enough to turn the consensus on Wall Street toward Biden.
Bond funds have seen the second-largest weekly inflows ever of $25.9 billion, BofA said on Friday, as the market continues to price in a Democrats victory in next month's U.S. presidential election, which could mean even more fiscal stimulus.