NEW YORK, May 22 Reuters BNY Mellon is expanding its offering of shortterm investment products as investors chase higher yields, the bank announced on Monday. The bank is now offering access to mutual funds, interestbearing deposits and sponsored cleared repurchase agreement sweep products through its LiquidityDirect platform, a portal for institutional investors. The offerings are […]

May 23 Reuters Five lawyers are leaving U.S. law firm Shearman Sterling to join UK rival Ashurst as partners in London, Seoul and Singapore, Ashurst said Tuesday, two days after Shearman and Allen Overy announced merger plans. Joining Ashurst39;s energy and infrastructure practices are partners Sanja Sonny Udovicic, Julia Derrick, Anna Chung and JeanLouis Neves Mandelli. […]

WASHINGTON, May 23 Reuters Richard Branson39;s bankrupt satellite launch firm, Virgin Orbit, on Tuesday revealed that it was closing for good after a 36.4 million asset sale, including an agreement to sell the bulk of its Long Beach, California, headquarters to smalllaunch firm Rocket Lab USA Inc.  Rocket Lab, the seasoned smallrocket company whose headquarters […]

May 23 Reuters Netflix Inc on Tuesday expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their accounts cannot be shared for free outside of their households. The streaming video pioneer has been looking for new ways to make money as it faces signs of market […]