Bayer launches $7 billion cash call to fund Monsanto deal
BERLIN (Reuters) – Bayer (BAYGn.DE) launched a 6 billion euros ($7 billion) rights issue on Sunday, a cornerstone of the financing package for its planned $62.5 billion takeover of seeds…
Fiat Chrysler boss to tackle Europe, bet on Jeep in his last lap
BALOCCO, Italy (Reuters) – Fiat Chrysler (FCHA.MI) boss Sergio Marchionne is expected to show on Friday how the carmaker plans to fix lagging margins in Europe, grow Jeep into a…
U.S. gunmaker Remington emerges from bankruptcy
(Reuters) – Remington Outdoor Co Inc FREDM.UL, one of the largest U.S. makers of firearms, has emerged from Chapter 11 bankruptcy after completing a debt-cutting deal with creditors, the company…
Government borrowing costs rise as oil heads back to the 80s
LONDON (Reuters) – The dollar took a breather at a five-month high on Thursday, though government borrowing costs continued to grind upwards as oil prices hit their highest since 2014…
Exclusive: RBS lawyers ask ex-staffer to destroy documents, DOJ informed
LONDON (Reuters) – Lawyers for Royal Bank of Scotland (RBS.L) asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters, in a move which the former…
George Soros’ bet on Tesla could see other investors follow suit
NEW YORK (Reuters) – If Tesla Inc (TSLA.O) Chief Executive Elon Musk needs to raise even more money, there may be a way. FILE PHOTO: Soros Fund Management Chairman George…
Sivantos and Widex in $8 billion merger to create No.3 in hearing aids
COPENHAGEN/FRANKFURT (Reuters) – Hearing aid makers Widex and Sivantos are merging to create an industry number three that can invest more in digital devices and step up the challenge to…
A bid to save $300 million at HCR ManorCare, and disrupt U.S. healthcare
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America’s aging population that will succeed where so many…
Credit raters put pressure on Deutsche Bank over new strategy
FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) new chief executive Christian Sewing needs to come up with a convincing strategy swiftly to stave off the threat of costly credit downgrades, the…
Bayer CFO sees lower Monsanto synergies after divestments: Boersen-Zeitung
FRANKFURT (Reuters) – Bayer’s potential synergies from buying U.S. rival Monsanto will be lower than $1.5 billion because of anti-trust divestments, the German company’s Chief Financial Officer told Germany’s Boersen-Zeitung.…