WeWork directors seek to preserve right to sue owner SoftBank
(Reuters) – A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from…
Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale – sources
(Reuters) – An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point…
Facebook to buy 10% stake in telco unit of India’s Reliance Industries for $5.7 billion
BENGALURU (Reuters) – Facebook (FB.O) will buy a 10% stake in the digital business of India’s Reliance Industries (RELI.NS) for…
France’s Sanofi to carve out active drug ingredients firm
FILE PHOTO: The logo of Sanofi is seen during the annual results news conference in Paris, France, February 6, 2020.…
Exclusive: Hedge fund Third Point targets British insurer Prudential – sources
FILE PHOTO: A man walks past a Prudential sign outside offices in the City of London March 27, 2013. REUTERS/Luke…
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…
Buffett says coronavirus doesn’t dampen his long-term support for stocks
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire…
Roche enters $1.15 billion licensing deal for Sarepta gene therapy
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd…
Proxy adviser ISS opposes plan by Hudson’s Bay chairman to take firm private
(Reuters) – Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson’s…
Saudi Aramco shares priced at top of range in world’s biggest IPO
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state…
U.S. Mayo Clinic partners with Abu Dhabi to operate hospital
FILE PHOTO: General view of Abu Dhabi, United Arab Emirates, January 3, 2019. REUTERS/ Hamad I Mohammed/File Photo ABU DHABI…
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…
SoftBank clinches WeWork takeover deal, bailing out co-founder
(Reuters) – SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork…
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…
SoftBank mulls bringing 40 companies to Brazil
FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July…
FTC probes marketing practices of e-cigarette maker Juul: source
WASHINGTON (Reuters) – The Federal Trade Commission is investigating the marketing practices of e-cigarette maker Juul Labs Inc sending shares…
FTC probes marketing practices of e-cigarette maker Juul: source
WASHINGTON (Reuters) – The Federal Trade Commission is investigating the marketing practices of e-cigarette maker Juul Labs Inc sending shares…
SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ
Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon…
PG&E to hold sole rights to bankruptcy exit plan: WSJ
FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21,…
Symantec ends talks to sell to Broadcom over price: sources
(Reuters) – Cybersecurity company Symantec Corp (SYMC.O) has walked away from negotiations to sell itself to chipmaker Broadcom Inc (AVGO.O)…
Gilead invests $5 billion to deepen ties with biotech Galapagos
(Reuters) – U.S. antiviral drugmaker Gilead Sciences (GILD.O) will invest $5.1 billion in a major expansion of its partnership with…
Volkswagen to contribute $2.6 billion to Ford’s autonomous venture: source
HAMBURG (Reuters) – Carmaker Volkswagen (VOWG_p.DE) will inject $1 billion in capital and $1.6 billion worth of assets into Ford’s…
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…
A Ford-Volkswagen alliance with Argo could redraw self-driving sector
DETROIT (Reuters) – An expanded alliance between Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) that includes a partnership in…
White House scraps key plan to lower U.S. drug prices; may target drugmakers
NEW YORK/WASHINGTON (Reuters) – The Trump administration on Thursday scrapped one of its most ambitious proposals for lowering prescription medicine…
Icahn steps up fight with Occidental over deal, wants board seats
(Reuters) – Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of…
Bumble owner to spend $100 million on dating apps
(Reuters) – The owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100…
Papa John’s dismisses KPMG as its auditor, hires EY
FILE PHOTO: The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking (Reuters) – Papa John’s International…
Kraft Heinz completes internal probe into its procurement practices
(Reuters) – Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an…
Occidental investor set to vote against board due to Anadarko bid
HOUSTON (Reuters) – T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp…
‘We screwed up’ not buying Google shares, Berkshire’s Munger says
Berkshire Hathaway Vice Chairman Charlie Munger walks past a crowd at the annual Berkshire shareholder shopping day in Omaha, Nebraska,…
Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion
(Reuters) – Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion,…
Sony stock surges after Reuters reports Third Point re-building stake
TOKYO (Reuters) – Sony Corp shares surged more than 9 percent on Tuesday after a Reuters report saying Third Point…
Exclusive: Loeb’s Third Point building stake to pressure Sony – sources
(Reuters) – Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes…
Sony shares surge after Reuters reports Third Point building stake again
FILE PHOTO: A shopper looks at Sony Corp’s Bravia television monitors at an electronics store in Tokyo June 20, 2013.…
Merck KGaA goes hostile in $5.9 billion Versum takeover battle
FRANKFURT (Reuters) – German pharma group Merck KGaA launched a hostile $5.9 billion all-cash takeover offer for Versum Materials on…
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…
HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing
FRANKFURT (Reuters) – Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing…
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.…
Tencent Music debut strikes a chord with investors
(Reuters) – Shares of China-based music streaming company Tencent Music Entertainment TME.N rose more than 13 percent in their U.S.…
Exclusive: Elliott steps in to boost Arconic’s sale process – sources
(Reuters) – Elliott Management Corp, the activist hedge fund that sits on Arconic Inc’s (ARNC.N) board, has stepped in to…
U.S. SEC fines Citibank more than $38 million for mishandling ADRs
Commuters walk past a Citibank branch in the Manhattan borough of New York, U.S., March 18, 2017. REUTERS/Ashlee Espinal WASHINGTON…
J&J makes $2.1 billion offer to buy out Japan cosmetics firm Ci:z
TOKYO (Reuters) – U.S. healthcare conglomerate Johnson & Johnson (JNJ.N) said on Tuesday it is acquiring all outstanding shares of…
Netflix adds to growing debt pile with $2 billion bond issue
(Reuters) – Netflix Inc (NFLX.O) announced on Monday it will tap debt markets for a second time this year, aiming…
Ryanair CEO says sees no growth in Germany in 2019
BERLIN (Reuters) – Ryanair (RYA.I) does not expect to grow in Germany next year, after closing its bases in the…
Honda to invest $2.75 billion in GM’s Cruise self-driving unit
WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation,…
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…
Unilever single holding company shares to start trading in December
LONDON (Reuters) – Consumer goods giant Unilever (ULVR.L) (UNc.AS) said simplifying its parent company structure from two UK and Dutch…
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…
Activist Elliott argues Sky is worth over $34 billion, UK regulator says
LONDON (Reuters) – Activist hedge fund Elliott believes Walt Disney’s (DIS.N) deal to buy assets from Twenty-First Century Fox (FOXA.O)…
Tesla CEO Musk drops pursuit of $72 billion take-private deal
(Reuters) – Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer…
Pfizer bets on biotech flu vaccine in $425 million BioNTech alliance
FRANKFURT (Reuters) – Pfizer has agreed to pay German biotech firm BioNTech up to $425 million in an alliance to…
China’s CNPC takes over Total’s share in big Iran gas project: Iranian agency
DUBAI (Reuters) – China’s state-owned energy major CNPC has taken over the share in Iran’s multi-billion dollar South Pars gas…
Papa John’s shares fall as board adopts ‘poison pill’
(Reuters) – Shares of Papa John’s International Inc (PZZA.O) fell 8 percent on Monday after the pizza chain said it…
Thyssenkrupp in leadership turmoil as chairman quits
DUESSELDORF/FRANKFURT (Reuters) – The chairman of Germany’s Thyssenkrupp (TKAG.DE) has resigned, following the company’s chief executive under pressure from activist…
Fox shareholder urges Murdoch to give Comcast time to beat Disney bid
(Reuters) – TCI Fund Management Ltd, a large Twenty-First Century Fox Inc (FOXA.O) shareholder, has urged Fox executive chairman Rupert…