September, 2020

• 26 September

  Podcaster Wondery explores sale for hundreds of millions

  

  Bloomberg Wondery Inc., the company behind hit podcasts has hired financial advisers to explore strategic options, including a potential sale, hoping to cash in on growing interest from technology and media firms. Wondery is expected to garner at least $200 million if it pursues a sale and could fetch as much as double that, which would represent the biggest podcasting …

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• 26 September

  Facebook tightens rules on what its staff can discuss

  Bloomberg Facebook Inc. will require employees to use either their own picture or an image of their initials as their internal profile photo as part of a broader effort to encourage more respectful discourse internally. The policy will prohibit using profile images with political content. The company will also create dedicated groups on its internal employee network for people to …

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• 23 September

  Oil holds near $40 with stock markets rising

  

  Bloomberg Oil held near $40 a barrel in New York as positive European manufacturing data and rising equity markets gave some respite to demand worries. Futures edged higher, buoyed by stronger-than-expected manufacturing figures from Germany, while S&P 500 futures advanced with European equities. Citigroup Inc. said it remains bullish on the outlook for oil, though the market is undergoing a …

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• 23 September

  China vows carbon neutrality by 2060

  

  Bloomberg China aims to be carbon neutral by 2060, tightening its target to cut greenhouse-gases, and signaled higher spending on green technologies in the next five years, major pledge in the fight against climate change by the planet’s worst polluter. President Xi Jinping, speaking during a virtual United Nations General Assembly, also reiterated his goal for emissions to peak before …

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• 23 September

  CleanCapital looking to raise $500m in assets

  

  Bloomberg CleanCapital, a New York-based renewables investor that manages more than $500 million in assets, is looking to raise up to $500 million in corporate equity to invest in solar and battery-storage projects. The company is talking to pension funds, insurance companies, sovereign-wealth funds and infrastructure funds focussed on North America that are seeking long-term investments, said CEO Thomas Byrne. …

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• 23 September

  Australia moves to support refiners

  

  Bloomberg Australia will invest $154 million in new diesel storage facilities and introduce other measures aimed at shoring up the nation’s struggling refining industry and bolstering domestic fuel security. A$200 million will be used to create an additional 780 megalitres (4.9 million barrels) of onshore diesel storage space, Angus Taylor, the country’s minister for energy and emissions reduction, said in …

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• 23 September

  Citadel, United Air lenders in $2b Avianca funding plan

  

  Bloomberg The hedge fund Citadel Advisors, United Airlines and a Salvadoran air mogul are among investors offering loans as part of Latin American airline Avianca Holdings’s $2 billion bankruptcy financing plan, according to court documents. The companies, which were stakeholders in the carrier before it filed for Chapter 11 protection in May, would help provide about $722 million in loans. …

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• 23 September

  Walmart to hire 20,000 workers to meet demand

  

  Bloomberg Walmart Inc will recruit more than 20,000 workers ahead of the US holidays to prepare for an expected surge in online shopping amid the pandemic, its first large seasonal hiring in five years. The world’s biggest retailer is readying itself for a holiday e-commerce battle with Amazon.com Inc by bringing on more seasonal staff to handle online orders at …

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• 23 September

  Nike soars after sales, profit surge past analyst projections

  

  Bloomberg Nike Inc rallied in late trading after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal first quarter, Nike said, compared with the $9.11 billion estimate of analysts. The company posted 95 cents a share …

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• 23 September

  Rolls-Royce hits 17-year low as slump deepens for airlines

  

  Bloomberg Rolls-Royce Holdings Plc fell to its lowest in 17 years after detailing a plan to raise as much as 2.5 billion pounds ($3.2 billion) to brace against a drought in demand for aircraft engines. Shares of the UK company slid for a fifth straight session on September 21, dropping as much as 12% after saying two days earlier it’s …

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