Alstom to buy Bombardier rail unit for up to $6.7 billion
PARIS/MONTREAL (Reuters) – France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), in the latest…
WeWork inks office space deal with SoftBank-backed Gympass: sources
NEW YORK (Reuters) – WeWork has signed a deal to provide space to 250 employees of gym membership app company Compass in New York, the latest example of the U.S.…
BlackRock, partners eye initial $500 million for climate fund
LONDON (Reuters) – A BlackRock-backed (BLK.N) group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets.…
Drug developers take fresh aim at ‘guided-missile’ cancer drugs
FRANKFURT/ZURICH (Reuters) – Dozens of drugmakers are conducting human trials for a record 89 therapies that pair antibodies with toxic agents to fight cancer, evidence of renewed confidence in an…
Exclusive: Hudson’s Bay Co’s take-private deal falls short in shareholder vote – sources
(Reuters) – Saks Fifth Avenue owner Hudson’s Bay Co (HBC.TO) has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator…
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 starting a review of its remaining Asian businesses, which could…
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 Bay Co to take the Saks Fifth Avenue owner private…
Factbox: Alphabet’s ‘Other bets’ in focus as Google’s Pichai takes helm
(Reuters) – Google Chief Executive Officer Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, heralding a new chapter for the company that helped reshape the global…
Google co-founders step aside as Pichai takes helm of parent Alphabet
SAN FRANCISCO (Reuters) – Google co-founders Larry Page and Sergey Brin are stepping aside as leaders of the Internet behemoth they founded 21 years ago, ending an extraordinary run that…
Activist investors to pressure privately held Palantir on human rights
(This November 22 story in fifth paragraph, corrects name to Alger from Alger Capital) FILE PHOTO: Activists protest outside the Palantir Technologies software company for allegedly helping ICE and the…