Blackstone raises offer for Japan’s Unizo, tops Lone Star’s bid
TOKYO (Reuters) – Blackstone Group (BX.N) has raised its proposed offer to buy Japanese hotel chain Unizo Holdings (3258.T) to 6,000 yen ($53.78) from 5,600 yen per share, the U.S.…
Exclusive: Germany’s Stada buys 15 GSK consumer health brands
FRANKFURT (Reuters) – Private equity-backed generic drugmaker Stada STAGn.D said it has agreed to buy 15 consumer healthcare products from British drugmaker GlaxoSmithKline (GSK.L) to further strengthen its prescription-free drugs…
SoftBank leads $165 million capital boost for liquid biopsy firm Karius
(Reuters) – SoftBank’s second Vision Fund has led a new $165 million funding round in California-based Karius, which markets a test that can quickly detect hard to diagnose infections through…
United Technologies, Raytheon offer EU concessions over $120 billion merger deal
FILE PHOTO: A screen shows the logos and trading information for defense contractor Raytheon Co, and United Technologies Corp. on the floor at the New York Stock Exchange (NYSE) in…
Exclusive: U.S. sees no material impact from virus on U.S.-China trade deal – for now
RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a material impact on the Phase 1 U.S.-China trade deal, although…
Exclusive: Juul halts Indonesia e-cigarette sales, throwing Asia expansion in doubt
(Reuters) – Juul Labs Inc is halting sales in Indonesia, citing concerns that it can’t stop retailers from selling its high-nicotine e-cigarettes to young people in a largely unregulated tobacco…
Futures plummet as investors dump stocks on fears of pandemic
(Reuters) – U.S. stock index futures tumbled on Monday as investors scurried to perceived safe-haven assets after a surge in coronavirus cases outside China stoked fears of a bigger impact…
Buffett calls coronavirus outbreak ‘scary,’ but says he won’t be selling stocks
(Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Monday called the coronavirus outbreak “scary stuff” but said stocks remain a good long-term investment and that…
Oil slides 4% on demand concerns as coronavirus spreads
LONDON (Reuters) – Oil prices slumped by 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the impact on demand…
Boeing scours idle 737 MAX plant for industrial snags
SEATTLE (Reuters) – Insiders note an “eerie” calm at Boeing Co’s (BA.N) 737 MAX factory, formerly a bustling hub that has helped fuel the aviation industry’s record growth over the…