(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co (WFC.N) and JPMorgan Chase & Co (JPM.N) and exiting an investment in Goldman Sachs Group I... More »
LONDON (Reuters) – BP (BP.L) will need to invest tens of billions of dollars over the next decade and may have to accept lower returns than it can get from oil if it is to meet its target of becoming one of the world’s largest renewable power generators. The B... More »
WASHINGTON (Reuters) – Several Republican senators on Sunday backed a plan by China’s ByteDance to divest the U.S. operations of TikTok after President Donald Trump said on Friday he had decided to ban the popular short-video app. Senator John Cornyn, a Texas ... More »
MILAN (Reuters) – Intesa Sanpaolo (ISP.MI) succeeded in its bid for UBI Banca (UBI.MI) on Tuesday after acquiring two thirds of its target’s shares to pass a vital threshold that leaves it in full control of what will be the euro zone’s seventh-largest bank. W... More »
BERLIN (Reuters) – Business software group SAP (SAPG.DE) has been selected by Moderna (MRNA.O) to help distribute the potential COVID-19 vaccine that the U.S. pharmaceuticals company is developing, CEO Christian Klein said on Monday. “Moderna just selected SAP... More »
LONDON/ROME (Reuters) – Activist hedge fund TCI Fund Management said it has complained to the European Commission over “illegitimate expropriation” by the Italian government of Atlantia’s motorways unit Autostrade per l’Italia. TCI, an investor in Atlantia, sa... More »
MILAN (Reuters) – Italy’s Intesa Sanpaolo (ISP.MI) on Friday raised its bid for rival UBI Banca (UBI.MI) by 18%, adding a cash sweetener to secure investor backing for its plan to create the euro zone’s seventh-largest banking group. In mid-February, just befo... More »
SHANGHAI (Reuters) – Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing released on Friday showed. The divestm... More »
ATHENS (Reuters) – Greece’s National Bank (NBG) has hired Morgan Stanley as an adviser ahead of a planned sale of more than 6.0 billion euros ($6.73 billion) of non-performing credit, part of its balance sheet clean-up efforts, bankers close to the transaction... More »
FRANKFURT/BERLIN (Reuters) – Germany will take a stake in unlisted biotech firm CureVac, which is working on a COVID-19 vaccine, Economy Minister Peter Altmaier said on Monday, confirming an earlier Reuters report. The Berlin government will acquire a 23% stak... More »
FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp’s CEO on Tuesday said there were no taboos in plans to consolidate its steel unit, marking a break with tradition under which the business had been sacrosanct for centuries. “Nothing is off-limits anymore,” Martin... More »
TOKYO (Reuters) – SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday, citing unidentified sources. A deal would see Deutsche Teleko... More »
LONDON (Reuters) – Travel group TUI (TUIGn.DE) will cut 8,000 jobs and look to shed 30% of its costs as it gears up for a July restart to European tourism, the German company said on Wednesday. Holiday plans have been put on hold in the face of travel restrict... More »
(Reuters) – Microsoft Corp on Friday said it would sell its stake in AnyVision, an Israeli facial recognition startup, and said it no longer would make minority investments in companies that sell the controversial technology. The decision marks a policy change... More »
PARIS (Reuters) – French train maker Alstom (ALSO.PA) has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier (BBDb.TO), a potential $7 billion deal that could help it build scale in the increasingly competitive ra... More »
NEW YORK (Reuters) – Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019, according to data released on Wednesday. “... More »
TOKYO (Reuters) – Toshiba Corp said on Monday it would extend the period of its tender offer for chip equipment unit NuFlare Technology Inc until Jan. 16. The extension of the offer, from the originally set Dec. 25, was requested by NuFlare to give its shareho... More »
SYDNEY (Reuters) – Budget airline Jetstar is cutting domestic capacity by around 10% in January and weighing the sale of three Boeing 787-8 jets to counter industrial action by its pilots that the Australian carrier expects will cost it up to A$25 million ($17... More »
(Reuters) – T-Mobile US Inc Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network’s history of attempting to build a wireless network when they approved the merger between T-Mobile and Sprint Corp. A group of ... More »
BERLIN (Reuters) – Lufthansa (LHAG.DE) will initiate the sale of the parts of its catering unit LSG it is not selling to Switzerland’s Gategroup (GGRUF.PK) early next year, the German carrier said on Monday. Lufthansa announced last month it is selling the Eur... More »
BOSTON (Reuters) – Rivulet Capital, a large investor in Instructure Inc, on Thursday said it will resist the U.S. educational software company’s plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried. ... More »
(Reuters) – A 1939 comic book that introduced Marvel characters for the first time sold for a record $1.26 million at auction, Dallas-based auctioneer Heritage Auctions said on Thursday. “Marvel Comics No. 1” features the first appearances of characters includ... More »
(Reuters) – Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30 years, will stop investing for outside clients, ac... More »
NEW DELHI (Reuters) – India’s cabinet has given ‘in-principle’ approval for the sale of strategic stakes in 28 state-run companies including state carrier Air India [AIN.UL], junior finance minister Anurag Singh Thakur told lawmakers on Monday. The government ... More »
TOKYO (Reuters) – Japan’s SoftBank Corp (9434.T) plans to merge internet unit Yahoo Japan with messaging app operator Line Corp (3938.T) to create a $30 billion tech giant, as it bags struggling internet companies to bulk up against rivals like Rakuten Inc (47... More »
(Reuters) – AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two new board members, bowing to pressure from activi... More »
NEW YORK (Reuters) – AT&T (T.N) and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday. Ell... More »
SEATTLE (Reuters) – Stratolaunch Systems Corp, the space company founded by late billionaire and Microsoft Corp (MSFT.O) co-founder Paul Allen, said on Friday it was continuing operations after transitioning ownership, but did not name the new owner. The compa... More »
LONDON (Reuters) – Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said. The Malaysian assets, which include sta... More »
BENGALURU (Reuters) – Indian private sector lender Yes Bank (YESB.NS) is in talks with Microsoft Corp (MSFT.O) and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper... More »
AMSTERDAM (Reuters) – Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Prosus comprises Naspers’ global empire of consumer internet assets, with the jewe... More »
JAKARTA (Reuters) – SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matte... More »
SAO PAULO/RIO DE JANEIRO (Reuters) – Brazil’s planned privatization of eight Petroleo Brasileiro SA (PETR4.SA) refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said. ... More »
ISTANBUL (Reuters) – Turkey took its first deliveries of the Russian S-400 air defense system on Friday, a development likely to trigger U.S. sanctions on Ankara and escalate tensions between Turkey and its Western partners in the NATO military alliance. Why d... More »
OSLO (Reuters) – Norway’s $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund’s investments on ethical grounds were revoked, the board of the central bank said on Tuesday. The fund can also resu... More »
MILAN (Reuters) – Italian mid-sized lender Creval said on Tuesday it would spin off its bad debts into a separate unit and sell half of them, in order to roughly halve its gross soured loan ratio to below 6.5% in 2023. Presenting a five-year business plan unde... More »
(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company. T... More »
PARIS (Reuters) – Fiat Chrysler Automobiles NV and Renault SA are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker’s alliance partner Nissan Motor Co Ltd , according to several sources close to the comp... More »
TOKYO (Reuters) – The newly appointed chief executive of Walmart Inc’s Japanese supermarket chain Seiyu on Monday denied the business was up for sale, following reports last year that the U.S. retail giant was looking for a buyer. “I’m not here to sell a busin... More »
HONG KONG/LONDON (Reuters) – Standard Chartered PLC has unveiled plans to double returns and dividends in three years by cutting $700 million in costs and boosting income, even though the bank missed its previous targets in tough market conditions. Chief Execu... More »
MUMBAI (Reuters) – Canadian private equity firm Brookfield Asset Management is in preliminary talks with India’s Reliance Industries to buy a stake in its optical fibre and telecom tower assets, The Times of India newspaper reported on Friday. Reliance Industr... More »
(Reuters) – Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A sale of SecureWorks, in which De... More »
SEOUL (Reuters) – State-owned Saudi Aramco plans to invest up to $1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil. Saudi Aramco is already the biggest sha... More »
(Reuters) – Investment bank Perella Weinberg Partners plans to name Peter Weinberg as its chief executive officer with current CEO Robert Steel set to become the company’s chairman, a person familiar with the matter told Reuters on Thursday. Weinberg founded t... More »
HONG KONG (Reuters) – Chinese conglomerate HNA Group [HNAIRC.UL] on Wednesday said it had sold a majority stake in a Manhattan building in a $422 million deal, the latest in a slew of asset disposals undertaken by the group to ease an intensifying cash crunch.... More »
(Reuters) – The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team’s regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter. The baseball t... More »
FRANKFURT (Reuters) – German utility Innogy is putting its business serving the electric car industry into a standalone company, separate from its main business as an energy supplier. “This pooling of our eMobility business is our response to the current chall... More »
LONDON (Reuters) – London-based fund firm City Financial and the chief investment officer of its Decca Fund, Shahraab Ahmad, have decided to wind down the credit-focused strategy after it “did not deliver the performance that you expect of us”, according to a ... More »
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO – a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor. Telco uni... More »
(Reuters) – Three fragments of rocks retrieved from the moon by a Soviet space mission in 1970 were sold for $855,000 at a New York auction on Thursday. Sotheby’s auction house said the “moon rocks” are the only known documented lunar matter in private hands. ... More »
(Reuters) – Wells Fargo & Co (WFC.N) is exploring a sale of its Eastdil Secured real-estate division, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The U.S. bank has been weighing a sale of Eastdil, which provides financ... More »
LONDON (Reuters) – Sainsbury’s chief executive Mike Coupe said that it was possible that competition authorities would force some stores to be sold to allow the British supermarket chain’s proposed merger with Asda to go ahead. Sainsbury’s and Asda, the UK arm... More »
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Friday it would require Impax Laboratories Inc and privately held Amneal Pharmaceuticals LLC to divest rights to 10 generic medications as a condition of their merger. The FTC said that under the... More »
BEIJING (Reuters) – China’s HNA Group [HNAIRC.UL] will remain a “major investor” in Deutsche Bank (DBKGn.DE), the aviation-to-financial services conglomerate said in a statement on Monday, citing a company spokesman. HNA, which has been selling equity investme... More »
TOKYO (Reuters) – Toshiba Corp (6502.T) said on Monday it is still aiming to complete the sale of its memory chip business soon, following media reports it had decided to cancel the $18.6 billion sale if it did not get approval from Chinese regulators by May. ... More »
(Reuters) – Hedge fund Elliott Advisors has become the second activist investor to call for Whitbread (WTB.L) to split its hotel and coffee shop businesses after emerging as the largest shareholder in the British company. Elliott, which disclosed a 6 percent s... More »
LONDON (Reuters) – Shire, the London-listed rare diseases specialist that is a potential takeover target for Japan’s Takeda Pharmaceutical, is selling its oncology business to unlisted French drugmaker Servier for $2.4 billion. The deal suggests there is value... More »
FRANKFURT/NEW YORK (Reuters) – Generic drug maker Mylan (MYL.O) is in advanced discussions to acquire Merck KGaA’s (MRCG.DE) consumer health business after other bidders failed to meet the German company’s price expectations, people familiar with the matter sa... More »
LONDON (Reuters) – GlaxoSmithKline is divesting its rare disease gene therapy drugs to private biotech company Orchard Therapeutics as Chief Executive Emma Walmsley makes good on her promise to prune the drugmaker’s pharmaceuticals portfolio. Financially, the ... More »
SEOUL (Reuters) – Worries that Hyundai Motor Group’s planned restructuring will benefit the controlling family ahead of some shareholders have hit Hyundai Mobis Co Ltd (012330.KS), which is set to be the group’s de facto holding firm, sending its shares sharpl... More »
A man is seen next to Panasonic Corp’s logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Panasonic Corp is considering selling a Chinese plant that makes security cameras in a deal it hopes will fetch over $45... More »
FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake (Reuters) – Broadcom Ltd (AVGO.O) has promised not to sell critical national security assets to foreign buyers if its... More »
FILE PHOTO – Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich NEW YORK/DUBAI (Reuters) – Embattled private equity firm Abraa... More »
Volvo Cars CEO Hakan Samuelsson shows their new model V60 station wagon at a press meeting outside Stockholm, Sweden February 21, 2018. TT News Agency/Henrik Montgomery/ via REUTERS STOCKHOLM (Reuters) – Truckmaker AB Volvo (VOLVb.ST) is to drop the CEO of Gee... More »
FILE PHOTO: German Economy and Energy Minister Brigitte Zypries speaks in Berlin, Germany, November 30, 2017. REUTERS/Axel Schmidt BERLIN (Reuters) – The German government will scrutinize a decision by Chinese automaker Geely [GEELY.UL] to buy a $9 billion sta... More »
FILE PHOTO: Chanel logo is seen on the company’s store in Monte Carlo, Monaco, December 9, 2017. REUTERS/Eric Gaillard/File Photo PARIS (Reuters) – French couture house Chanel has taken a minority stake in London-based online retailer Farfetch, the companies s... More »
FILE PHOTO: The logo of Swiss drugmaker Novartis AG is seen at its headquarters in Basel, Switzerland, January 25, 2017. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Switzerland’s Novartis AG (NOVN.S) is preparing to auction its U.S. generic pill business, loo... More »
FILE PHOTO: A cyclist rides past a logo of drugs and chemicals group Merck KGaA in Darmstadt, Germany, January 28, 2016. REUTERS/Ralph Orlowski/File Photo LONDON/FRANKFURT (Reuters) – The sale of Merck KGaA’s (MRCG.DE) consumer health unit has been thrown off ... More »
Dieter Zetsche, CEO of Mercedes car maker Daimler AG speaks during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12, 2017. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Car and truck maker Daimler on Friday said it was open to considering a br... More »
FILE PHOTO: A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake/File Photo (Reuters) – U.S. computer maker Dell Technologies Inc and business software provider VMware ... More »
Deutsche Bank CEO John Cryan poses before the bank’s annual news conference in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Deutsche Bank expects its costs to decline by only 4 percent to 23 billion euros ($28.8 billion) t... More »
A logo of Fujitsu Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai (Reuters) – Japan’s Fujitsu Ltd said on Friday it was in talks about selling i... More »
FILE PHOTO: A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. REUTERS/David Gray/File Photo (Reuters) – Wall Street investment bank Goldman Sachs Group Inc, Britain’s Barclays Plc and French lender Societe ... More »
VTB Chief Executive Andrei Kostin attends a meeting in Russia, June 1, 2017. REUTERS/Sergei Savostyanov/TASS/Host Photo Agency/Pool MOSCOW (Reuters) – Russian lender VTB has set aside 50 billion rubles ($882 million) in additional provisions against losses and... More »
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Investor Carl Icahn and Darwin Deason, the biggest- and t... More »
FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo TOKYO (Reuters) – Toshiba Corp is considering an IPO of its prized memory chip business if an agreed ... More »
A generic picture of a some office folders or binders. OFFPO REUTERS/Catherine Benson NEW YORK (Reuters) – Got a dusty old binder with your will and estate plan? Even if you had your paperwork set up a few years ago, all of your documents are now out of date, ... More »
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – SoftBank Group Corp (9984.T) said on Monday it was considering listing its Japanese wirel... More »
Vanguard Group CEO Mortimer “Tim” Buckley is pictured in this undated handout photo obtained by Reuters January 11, 2018. Vanguard Group/Handout via REUTERS BOSTON (Reuters) – Vanguard Group Inc’s vast scale helps it promote efficient markets, its new chief ex... More »
FRANKFURT (Reuters) – German residential property developer Instone Real Estate is targeting a flotation on the Frankfurt stock exchange in March, adding to a growing pipeline of spring listings in Germany, people close to the matter said. The company is worki... More »
FILE PHOTO: Visitors try Huawei’s devices during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard/File Photo HONG KONG (Reuters) – Huawei Technologies Co Ltd’s [HWT.UL] planned deal with U.S. carrier AT&T Inc (T.N) to sell it... More »
SAN FRANCISCO (Reuters) – U.S. semiconductor testing company Xcerra Corp said on Thursday in a filing that it would resubmit its deal to be acquired by a Chinese state-backed semiconductor investment fund to give U.S. regulators more time to review the transac... More »
FILE PHOTO: Sabeco’s Saigon beers are display for sale in a market in Hanoi, Vietnam April 17, 2017. Picture taken April 17, 2017. REUTERS/Kham/File Photo Ho CHI MINH CITY/SINGAPORE (Reuters) – Thai Beverage (TBEV.SI), through a local unit, won the rights to b... More »
Bottles of Sabeco’s Saigon beer are seen at a restaurant bar in Hanoi, Vietnam December 18, 2017. REUTERS/Kham HO CHI MINH CITY (Reuters) – A unit of Thai Beverage (TBEV.SI) won the auction to buy a $5 billion or 54 percent stake in top brewer Sabeco SAB.HM in... More »
A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – The head of Japan’s Hitachi Ltd (6501.T) said the company wa... More »
BOSTON (Reuters) – Deckers Outdoor Corp beat back a challenge from activist hedge fund Marcato Capital Management, but shares of the maker of UGG boots fell more than 4 percent on news that all its directors had been re-elected. Shareholders voted to return al... More »
NEW YORK (Reuters) – GGP Inc (GGP.N), one of the largest owners and operators of U.S. shopping centers, has rejected a $14.8 billion buyout offer from its biggest shareholder, Brookfield Property Partners LP (BPY.O), people familiar with the matter said on Sun... More »
FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo TOKYO (Reuters) – Toshiba Corp (6502.T) and Western Digital Corp (WDC.O) have agreed in principle to ... More »
LONDON (Reuters) – British car dealership Pendragon (PDG.L) is to sell its U.S Motor Group business after concluding a strategic review following a profit warning, it said on Monday. The firm, which warned on profit in October due to a fall in demand for new c... More »
(Reuters) – Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to people familiar with the matter. Elliott disclosed a 7 percent ... More »
FILE PHOTO: Cans of beer move along a production line at a factory of Saigon Beer Corporation (Sabeco) in Hanoi, Vietnam June 23, 2017. REUTERS/Kham/File Photo SINGAPORE (Reuters) – Vietnam’s biggest brewer Sabeco SAB.HM has received a strong response from pot... More »
FILE PHOTO: The logo of Swiss specialty chemicals company Clariant is seen at the company’s headquarters in Pratteln, Switzerland October 29, 2017. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Clariant (CLN.S) on Friday rejected its largest shareholder White Tale’... More »
FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Toshiba Corp’s plan to raise some $5.4 billion through a sale of new shares w... More »
The logo of French bank Natixis is seen outside of one of their offices in Paris, France, January 24, 2017. REUTERS/Jacky Naegelen PARIS (Reuters) – France’s fourth-biggest listed bank Natixis aims to grow revenue by five percent annually over the next three y... More »
BARCELONA/LONDON (Reuters) – Vivendi’s Universal Music Group (UMG) could be worth more than $40 billion, Chief Executive Arnaud de Puyfontaine said on Friday, helping to buoy shares in the French media group after third-quarter results in which UMG was a highl... More »
Barnes & Noble Inc (BKS.N) said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not participate and raising the required funds was highly unlikely. More »
General Electric Co's (GE.N) new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low. More »
The U.S. unit of the French insurer AXA has filed for an initial public offering (IPO), according to a U.S. regulatory filing on Monday. More »
Chinese online content platform Bytedance said on Friday it would buy popular lip-sync platform Musical.ly, in a deal seen valued at up to $1 billion that underlines the global ambitions of the fast-growing tech startup. More »
The former chairman of fund manager Man GLG and the ex-president of Vornado Realty Trust are behind a buyout vehicle that will seek deals in the real estate and hospitality sectors, according to marketing materials seen by Reuters on Thursday. More »
