Thyssenkrupp CEO: no taboos in steel consolidation plans
FILE PHOTO: Martina Merz, CEO of German conglomerate Thyssenkrupp AG, gestures during the annual shareholders meeting in Bochum, Germany, January…
U.S. Bankruptcy Court allows J.C. Penney to keep paying staff and vendors
(Reuters) – J.C. Penney Co Inc (JCP.N) said on Saturday a U.S. Bankruptcy Court will allow it to keep paying…
Sinclair agrees to pay record-setting $48 million FCC civil penalty
WASHINGTON (Reuters) – Sinclair Broadcast Group (SBGI.O) has agreed to pay a $48 million fine to the Federal Communications Commission…
After betting its future on Boeing, jetmaker Embraer scrambles for elusive plan B
SAO PAULO/PARIS (Reuters) – Brazilian planemaker Embraer SA (EMBR3.SA) has been thrust into an uncertain future with no immediate plan…
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…
Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion…
Britain’s Tesco considers Asia exit
LONDON (Reuters) – Britain’s biggest retailer, Tesco (TSCO.L), has signaled a further retreat from its once lofty global ambitions by…
Exclusive: UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi – sources
ISTANBUL/LONDON/MILAN (Reuters) – UniCredit (CRDI.MI) has struck a deal to reduce its exposure to Turkey’s Yapi Kredi (YKBNK.IS), three sources…
U.S. Treasury temporarily blocks creditor seizure of refiner Citgo
CARACAS (Reuters) – The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders…
Groups bidding for PES refinery due to tour fire-damaged site: sources
NEW YORK (Reuters) – Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of…
Prudential, M&G to split in October into two FTSE 100 firms
FILE PHOTO: The logo of British life insurer Prudential is seen on their building in London, Britain March 17, 2019.…
Juul boss exits in vaping crisis as Philip Morris, Altria end merger talks
(Reuters) – The chief executive of e-cigarette maker Juul stepped down on Wednesday, with his company beset by a regulatory…
Elliott renews call to split Marathon Petroleum
(Reuters) – Elliott Management Corp on Wednesday renewed its demand for Marathon Petroleum Corp (MPC.N) to split into three companies,…
FCC chair Pai seeks approval for Nexstar-Tribune merger
FILE PHOTO: Chairman Ajit Pai speaks at the Federal Communications Commission in Washington, U.S., December 14, 2017. REUTERS/Aaron P. Bernstein…
BNP Paribas plans bid for Deutsche Bank’s equity derivatives
NEW YORK (Reuters) – French lender BNP Paribas (BNPP.PA) plans to bid for Deutsche Bank’s (DBKGn.DE) equity derivatives book and…
PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s…
India’s Coffee Day to sell Bengaluru tech park to Blackstone, cut debt
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on…
Apple pays $1 billion for Intel unit in push for chip independence
(Reuters) – Apple Inc (AAPL.O) took a major step toward supplying its own smartphone chips by purchasing the majority of…
Exclusive: Deutsche Bank’s problem derivatives cloud recovery – sources
NEW YORK (Reuters) – Deutsche Bank AG’s (DBKGn.DE) turnaround strategy rests in large part on shedding 288 billion euros of…
U.S. tells T-Mobile, Sprint to wrap up divestiture deal: source
FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this…
U.S. Justice Department may sue to block Sprint, T-Mobile merger: source
WASHINGTON (Reuters) – The U.S. Justice Department has told T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) to wrap up…
T-Mobile, Sprint expected to extend deal date: sources
FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this…
Indivior says Reckitt settlement in U.S. unrelated to its cases
(Reuters) – Drugmaker Indivior Plc said on Thursday its former parent Reckitt Benckiser’s $1.4 billion settlement with authorities in the…
Reckitt to pay $1.4 billion to end U.S. opioid addiction treatment probes
(Reuters) – Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals…
Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott HOUSTON (Reuters) – Anadarko Petroleum…
Reckitt to pay $1.4 billion to end U.S. opioid addiction treatment probes
(Reuters) – Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals…
DoJ pushes T-Mobile to give more to Dish: CNBC
FILE PHOTO: The logo of T-Mobile Austria is seen outside of one of its shops in Viennaa, Austria, February 25,…
Deutsche Bank to set up 50 billion euro bad bank: FT
FILE PHOTO: Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt,…
U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: source
WASHINGTON (Reuters) – The U.S. Justice Department is set to decide as early as next week whether to approve the…
Total takes on Toshiba’s U.S. LNG business after Chinese buyer pulls out
PARIS/TOKYO (Reuters) – Total will take over Toshiba’s U.S. liquefied natural gas business and get $800 million cash from the…
Fiat Chrysler seeks Renault merger to meet auto challenges
MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday in a move to…
Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM
FILE PHOTO: The Encore Casino, built by Wynn Resorts in Everett, Massachusetts, U.S., April 1, 2019. REUTERS/Brian Snyder/File Photo (Reuters)…
Petrobras agrees to sell pipeline unit to Engie for $8.6 billion
SAO PAULO/RIO DE JANEIRO (Reuters) – A consortium led by France’s Engie SA submitted the highest offer for a major…
Top Wall Street banks working on Deutsche-Commerzbank merger: sources
FRANKFURT (Reuters) – Goldman Sachs and Citi are helping Germany’s two biggest lenders work on their potential $28 billion-plus merger,…
GE explores stake sale in Enel renewables joint venture: sources
(Reuters) – General Electric Co is exploring a sale of its 50 percent stake in a renewable energy joint venture…
Exclusive: KKR, China’s Tencent eyeing bids for Universal Music – sources
LONDON (Reuters) – U.S. buyout fund KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to…
Starboard gauges Bristol-Myers shareholder support for Celgene deal
(Reuters) – Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among…
Exclusive: Food retailer Smart & Final explores sale – sources
FILE PHOTO – A Smart & Final Stores Inc sign is pictured at one of its stores in Encinitas California…
Intel, TPG in early talks to sell McAfee to Thoma Bravo: source
McAfee computer security software is shown for sale at a computer store in San Marcos, California, U.S., May 15, 2017.…
SoftBank’s record IPO reaches $23.5 billion after extra share sale
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO…
Julius Baer in talks with Santander over Venezuela business: sources
ZURICH (Reuters) – Swiss private bank Julius Baer (BAER.S) is in talks about transferring its Venezuelan book of business to…
Unilever CEO retires after headquarters row, replaced by insider Jope
LONDON (Reuters) – Unilever’s (ULVR.L) Chief Executive Paul Polman will step down next month after 10 years in the job,…
United Technologies to separate into three companies
(Reuters) – United Technologies Corp (UTX.N) said on Monday it would separate into three companies consisting of its aerospace, elevators…
Fiat Chrysler agrees to sell Magneti Marelli to Calsonic Kansei: sources
MILAN/LONDON (Reuters) – Fiat Chrysler (FCHA.MI) (FCA) has agreed to sell its Magneti Marelli unit to KKR’s (KKR.N) Calsonic Kansei,…
Exclusive: HNA held talks with Ant, others as it weighs options for IT unit Pactera – sources
HONG KONG (Reuters) – China’s HNA Group is exploring an outright sale and other options for its IT outsourcing unit…
Knorr-Bremse discloses dispute with Bosch in IPO prospectus
MUNICH (Reuters) – German brake maker Knorr-Bremse has disclosed a contractual dispute with Robert Bosch GmbH ahead of a stock…
Campbell, Third Point urge shareholders to vote for two different boards
(Reuters) – Campbell Soup Co (CPB.N) and hedge fund Third Point LLC on Friday filed preliminary proxy materials urging the…
Elliott demands fresh revamp at Hyundai Motor Group
SEOUL (Reuters) – U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh…
Novartis sells U.S. generics assets to India’s bargain-hunting Aurobindo
ZURICH/BENGALURU (Reuters) – New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is…
Perrigo plans to separate prescription pharma business
(Reuters) – Perrigo Co Plc (PRGO.N) said on Thursday it would separate its generics prescription business, which has been a…
Buffett’s Berkshire offers loan to owner of former Sears properties
NEW YORK (Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is loaning up to $2 billion to the company…
GSK’s new R&D head bets on genetics with $300 million 23andMe deal
LONDON (Reuters) – GlaxoSmithKline’s new research boss aims to turbo-charge the British group’s drug discovery engine with a $300 million…