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Morgan Stanley fund offer for PNE too low: shareholders group SdK

FRANKFURT (Reuters) – Morgan Stanley Infrastructure Partners’ (MS.N) offer for PNE (PNEGn.DE) which values the German renewable firm at 306 million euros ($337 million) is too low, small shareholders group SdK said on Tuesday. The 4.00 euro per share bid runs ... More »

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Michigan special prosecutor to probe university in Nassar case

FILE PHOTO: Larry Nassar, a former team USA Gymnastics doctor, who pleaded guilty in November 2017 to sexual assault charges, returns from a break to listen to victim testimony in the courtroom during his sentencing hearing in Lansing, Michigan, U.S., January ... More »

UBS to cut several dozen wealth management jobs: sources

The logo of Swiss bank UBS is seen on a building in Zurich, February 13, 2013. REUTERS/Michael Buholzer/File Photo UBS will cut several dozen jobs at part of its private bank, three sources familiar with the matter told Reuters, part of a previously announced ... More »

UBS plans hiring spree for China wealth management team

SHANGHAI Swiss bank UBS AG plans to more than double the number of staff at its China wealth management teams over the next five years, said Kathryn Shih, Asia pacific president at the bank, in an interview with Reuters on Monday. Shih said market volatility w... More »

Syngenta seen opening up after source says Monsanto boosts offer

ZURICH Syngenta AG, the Swiss agricultural chemicals maker, was seen opening up more than 7 percent after a source said Monsanto Co. had sweetened its takeover offer, according to premarket indicators in Zurich. U.S.-based Monsanto increased its offer to buy S... More »