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Executives of some beaten-down companies, including one battered biotech name and a popular soft drinks maker, scooped up shares of their own stock in the past week. Here are the top insider buys: Energy Transfer — Executive Chairman Kelcy Warren bought one million shares Monday at $13.53 per share for a total value of $13.53 million. Shares are up more than 2% over the past month. Enstar Group CEO bought swathes of shares Wednesday, the day after the company reported its earnings for the third quarter. The stock has gained about 8% so far this year and shares are up roughly 4% over the past month.
Persons: Kelcy Warren, Dominic F, Silvester, Nigel W, Morris, Richard Barry, Verity, Douglas Ingram, Keurig Dr Pepper, Timothy P, Cofer, Dr Pepper's, Dr Pepper —, Dr Pepper, Mott's —, Enstar Organizations: CNBC Pro, , Global, Therapeutics, Remitly, FDA, U.S . Securities, Exchange, Enstar Locations: Canada
AUSTIN, Texas (AP) — A woman awaiting trial in the killing of professional cyclist Anna Moriah Wilson tried to run from officers escorting her to a doctor appointment Wednesday, authorities said. Two corrections officers had taken Kaitlin Armstrong to the appointment and were escorting her back to a patrol vehicle “when she ran," Travis County Sheriff spokeswoman Kristen Dark said. Armstrong ran more than a block into a neighborhood, but she could be seen by deputies the entire time before she was caught, Dark said. Armstrong and the two officers were taken to a hospital for a brief examination after the incident, and Armstrong was later returned to jail. Authorities have said Armstrong tried to change her appearance and used several aliases as she moved around Costa Rica while attempting to establish herself up as a yoga instructor in that country.
Persons: , Anna Moriah Wilson, Kaitlin Armstrong, Kristen Dark, Armstrong, Dark, Rick Cofer, Wilson, Colin Strickland Organizations: Authorities, Police Locations: AUSTIN, Texas, Travis, Vermont, Austin, Costa Rica
ORLANDO, Florida, May 15 (Reuters) - China's yuan faces significant long-term obstacles to becoming a global reserve currency of any great import, but the biggest challenge in the near term is the fact that nobody wants to buy Chinese bonds. Reuters ImageReuters Image"It is very hard to create a reserve currency, without attractive reserve assets. Exante Data's figures show foreign investors bought a net $558 billion of Chinese bonds between 2010 and 2021. But in a pool of $12 trillion global reserves, of which nearly 80% is denominated in dollars and euros, these are very small numbers. Reuters ImageRESERVE STATUSAny currency that has designs on attaining international reserve status must meet several criteria and fulfill several roles.
Kacper Pempel | ReutersCalls to move away from relying on the U.S. dollar for trade are growing. The U.S. dollar accounted for 58.36% of global foreign exchange reserves in the fourth quarter last year, according to data from the IMF's Currency Composition of Foreign Exchange Reserves (COFER). China is one of the most active players in this push given its dominant position in global trade right now, and as the world's second largest economy. The IMF estimates that Asia could contribute more than 70% to global growth this year. In the Middle East, major oil exporter Saudi Arabia has reportedly signaled it's open to trade in other currencies other than the greenback.
A former Los Angeles Angels baseball executive was sentenced to 22 years in prison Tuesday after he was convicted of providing fentanyl-laced pills that contributed to the death of pitcher Tyler Skaggs. "We are very grateful to everyone who worked so hard to investigate and prosecute Eric Kay," Skaggs' family said in a statement. Los Angeles Angels starting pitcher Tyler Skaggs throws during the second inning of the game against the Oakland Athletics on June 6, 2019, in Anaheim, Calif. Mark J. Terrill / AP fileCody L. Cofer, Kay's attorney, said the former Major League Baseball executive will appeal. They said the executive dealt pills, including the "blue boys" that contributed to Skaggs' death, to multiple players at Angel Stadium. "One fentanyl pill can kill," the U.S. Attorney for the Northern District of Texas, Chad E. Meacham, said in a statement.
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