• Reuters

    Casino changes leadership team as boss Naouri's era ends

    French food retailer Casino said on Thursday it had successfully completed its financial restructuring and that a new leadership team formed around Czech billionaire Daniel Kretinsky was taking control, ending the 30-year reign of 75-year old Casino's owner Jean-Charles Naouri. Casino said in a statement that the completion of the restructuring resulted in a change of control and that a new board was named, with former French secretary of state for pensions and Auchan executive Laurent Pietraszewski becoming chairman of the new Casino board while former Metro and Lactalis executive Philippe Palazzi becomes chief executive. Trading in the shares of Casino will resume this Thursday March 28.

  • Insider Monkey

    Reasons for the Outperformance of First Citizens BancShares (FCNCA)

    Artisan Partners, an investment management company, released its “Artisan Mid Cap Value Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, its Investor Class fund ARTQX returned 11.21%, Advisor Class fund APDQX posted a return of 11.20%, and Institutional Class fund APHQX returned 11.17%, compared to […]

  • Reuters

    PRESS DIGEST- New York Times business news - March 28

    The Biden administration announced on Wednesday that it had agreed to provide a $1.52 billion loan guarantee to help Holtec International restart a nuclear power plant in Michigan. - Shares of former President Donald J. Trump’s social media company, Trump Media continued to surge on Wednesday, extending the gains on its first official trading session on the Nasdaq.