Whirlpool to sell Embraco compressor business to Japan’s Nidec
(Reuters) – Whirlpool Corp (WHR.N) said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp (6594.T) for $1.08 billion in cash. FILE PHOTO – The…
U.S. sanctions on Vekselberg have $1.5-$2 billion assets frozen: sources
ZURICH/MOSCOW – Assets totaling between $1.5 billion and $2 billion have been frozen as a result of sanctions imposed on Russian oligarch Viktor Vekselberg and his Renova Group conglomerate, two…
China Huarong shares halted as chairman investigated for suspected graft
HONG KONG (Reuters) – Trading in shares of China Huarong Asset Management Co Ltd (2799.HK) and two of its units were suspended on Wednesday after Beijing said it was investigating…
Carl Icahn buys stake in software provider VMware: CNBC
(Reuters) – Billionaire investor Carl Icahn has acquired a stake in cloud computing platform VMware Inc (VMW.N), CNBC reported on Tuesday. FILE PHOTO: Billionaire activist investor Carl Icahn gives an…
ECB asks Deutsche Bank to gauge investment banking exit costs: source
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) has been asked by European Central Bank supervisors to calculate the potential costs of winding down its investment banking operations, a source told Reuters…
Ad king Sorrell's abdication leaves WPP at crossroads
LONDON (Reuters) – Martin Sorrell’s sudden exit from WPP marks a shocking end to the career of a chief executive who through sheer force of personality made it the world’s…
Martin Sorrell quits as head of world’s biggest ad group WPP
LONDON (Reuters) – Martin Sorrell, who built WPP into the world’s biggest advertising agency through 33 years of dealmaking, quit on Saturday after an allegation of personal misconduct. FILE PHOTO:…
Spotify puts bank IPO paydays under fund manager scrutiny
LONDON (Reuters) – After shaking up the music industry, Spotify (SPOT.N) is now prompting investors to question the value they get from investment banks underwriting new listings with its low-cost…
ISS recommends against Goldman pay plan, worried on costs
BOSTON (Reuters) – Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc,(GS.N) concerned about its costs and the…
Exclusive – Hospital contract disarray highlights challenges to Saudi healthcare reform
DUBAI (Reuters) – London-listed NMC Health’s (NMC.L) bid to take over the running of a top Saudi hospital has stalled over contractual terms, reflecting wider challenges to the government’s drive…