SEC warns against investing in SPACs based solely on celebrity backing

The U.S. Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes.

NHL, Disney reach seven-year multi-platform broadcast deal

The National Hockey League and Walt Disney Co have agreed to a seven-year TV, streaming and media rights deal that will bring games to ABC, ESPN and streaming platforms, the two organizations said on Wednesday.

Biden's $1.9 trillion COVID-19 bill wins final approval in House

The House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in U.S. history, a sweeping $1.9 trillion COVID-19 relief bill that gives President Joe Biden his first major victory in office.

Exclusive: U.S. selects compensation expert Feinberg to oversee Boeing 737 MAX victim fund

Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed on Wednesday, the second anniversary of the second crash.

Facebook asks court to dismiss U.S. government, states antitrust cases

Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers.

U.S. extends $14 billion lifeline to airlines in third government aid package

U.S. lawmakers on Wednesday gave final approval to a new $14 billion payroll assistance package to U.S. airlines as part of a COVID-19 relief bill, the third round of government support to the struggling sector since March 2019.

Stocks climb as data eases inflation jitters

A gauge of global stocks climbed for a second day on Wednesday to its highest level in a week after a report on U.S. consumer prices calmed concerns about inflation, while the dollar retreated further from a 3-1/2 month high.

AerCap to buy GE's aircraft leasing unit in $30 billion deal

The world's two largest aircraft leasing companies are combining to create a new financing giant after Ireland's AerCap finalised a deal worth more than $30 billion to buy the leasing business of General Electric.

Hard lessons help AerCap boss Kelly rebuild air finance titan

When Irishman Aengus Kelly got his first job in aircraft leasing in 1996 it was with a firm so down on its luck the American giant General Electric had an option to buy it for one dollar.

GameStop shares see wild swings, other 'meme stocks' soar

GameStop gyrated wildly on Wednesday, continuing a ride that has vaulted shares of the video game retailer and other so-called meme stocks near levels last seen during their late-January rally.

UPDATE 1-Greensill tech partner Taulia secures $6 bln funding from JPM-led consortium

U.S. fintech firm Taulia, a technology partner of supply chain finance specialist Greensill, said on Wednesday it had secured more than $6 billion in funding from a financing consortium led by JPMorgan.

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