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Markets

US wholesale stocks rise; inventories-to-sales ratio lowest in six years

U.S. wholesale inventories increased solidly in January even as sales surged and it is taking wholesalers the shortest time in six years to clear shelves, a sign of strengthening demand that aligns with expectations for faster economic growth this year.

Markets

GameStop shares surge over 40per cent after Cohen tapped to lead e-commerce pivot

Shares of GameStop Corp jumped over 40per cent on Monday after the world's largest video game retailer tapped Chewy co-founder Ryan Cohen to spearhead a new committee to help its transition to an e-commerce business.

Markets

US lawmakers ask Facebook for details on advertising practices

A group of 23 U.S. House Democrats on Monday asked Facebook Chief Executive Mark Zuckerberg for answers on the social media site's advertising practices over targeted ads for gun accessories and protective equipment.

Markets

Greensill Capital files for insolvency, administrators appointed

Greensill Capital filed for insolvency on Monday, its administrators said, days after losing investor funding and insurance coverage for its supply chain financing business.

Markets

Biden to meet on with CEOs of JNJ, Merck at White House on Wednesday: official

U.S. President Biden will meet with the chief executives of Johnson & Johnson and Merck & Co Inc at the White House on Wednesday after the companies recently announced a COVID-19 vaccine manufacturing deal, a White House official said on Monday.

Markets

American Airlines unveils US$7.5 billion debt sale to repay government loans

American Airlines Group Inc said on Monday it intends to privately offer notes worth about US$5 billion to pay down government debt.

Markets

Fed extends small business liquidity facility three months to June 30

The Federal Reserve announced Monday it was extending by three months to June 30 an emergency liquidity facility meant to help lenders extend relief to small businesses under the Paycheck Protection Program.

Markets

Apollo Global to buy insurance affiliate Athene for US$11 billion

Apollo Global said on Monday it would buy Athene Holding in an all-stock deal valuing the annuities provider at about US$11 billion, making it the private equity firm's first major deal after co-founder Leon Black stepped down as CEO.

Markets

GameStop taps Ryan Cohen to steer shift to e-commerce

GameStop Corp has tapped shareholder Ryan Cohen to lead a shift towards e-commerce, Bloomberg reported on Monday, sending the company's shares up 10.3per cent before the bell.

Markets

Apollo Global to buy annuities provider Athene in US$11 billion deal

Apollo Global said on Monday it would buy Athene Holding in an all-stock deal valuing the annuities provider at about US$11 billion, making it the private equity firm's first major deal after co-founder Leon Black stepped down as CEO.

Markets

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