Business

Colony Capital injects cash, in talks to buy Weinstein Co

Colony Capital injects cash, in talks to buy Weinstein Co

Published 16/10/2017

The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein. [more…]

Activist investor RBR launching campaign to break up Credit Suisse: FT

Activist investor RBR launching campaign to break up Credit Suisse: FT

Published 16/10/2017

Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG (CSGN.S) into three parts, the Financial Times reported on Monday. [more…]

Exclusive: T-Mobile, Sprint plan merger without selling assets

Exclusive: T-Mobile, Sprint plan merger without selling assets

Published 16/10/2017

T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. [more…]

Wells Fargo brokerage to return $3.4 million for risky products

Wells Fargo brokerage to return $3.4 million for risky products

Published 16/10/2017

A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank. [more…]

Viacom, Charter agree to extend renewal deadline: source

Viacom, Charter agree to extend renewal deadline: source

Published 16/10/2017

Viacom Inc (VIAB.O) and Charter Communications Inc (CHTR.O) agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks. [more…]

ECB still believes in eventual inflation, wage rise: Draghi

ECB still believes in eventual inflation, wage rise: Draghi

Published 14/10/2017

Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said on Saturday. [more…]

Amazon Studios chief Roy Price suspended following harassment allegation

Amazon Studios chief Roy Price suspended following harassment allegation

Published 13/10/2017

Amazon Studios chief Roy Price was put on an immediate leave of absence Thursday, the company said, following allegations that he harassed a producer and ignored an actress's claim of a sexual assault by producer Harvey Weinstein. [more…]

Mercedes-Benz recalls 14,842 Sprinter cars in Russia: standards agency

Mercedes-Benz recalls 14,842 Sprinter cars in Russia: standards agency

Published 13/10/2017

Russia's technical safety watchdog Rosstandart said on Friday it had been informed about the recall of 14,842 Mercedes-Benz (DAIGn.DE) Sprinter Classic 909 cars sold between March 2014 and December 2016, due to a combination of technical faults. [more…]

BASF to harvest seeds, herbicide businesses from Bayer for $7 billion

BASF to harvest seeds, herbicide businesses from Bayer for $7 billion

Published 13/10/2017

BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros ($7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. [more…]

BASF CEO says to look at more seed M&A after Bayer deal

BASF CEO says to look at more seed M&A after Bayer deal

Published 13/10/2017

BASF (BASFn.DE) will take a look at further assets coming onto the market after agreeing to buy seeds and herbicide businesses from Bayer (BAYGn.DE) for 5.9 billion euros ($7 billion), its chief executive said. [more…]