Schlumberger, the US oilfield services giant, has scrapped its stake bid in the Russian Eurasia Drilling Company, after no regulatory approval was received, Russia's FAS announced on Monday.
The US food retailer backed by the PE firm Ares Management, Smart & Final Stores, is exploring various options, which also include a the company's sale, sources with a knowledge of the matter reported.
Tesla is set to acquire the energy storage firm Maxwell Technologies in an all-stock deal worth $218M amid the electric carmaker's intention to develop batteries, which could last longer and hold more energy.
Two Huawei Technologies' employees were expelled by the Danish authorities on Monday after an inspection made at the tech giant's Copenhagen office due to failing to comply with the residence and work permit laws.
On Monday, Slack Technologies, the business messaging service, has made a confidential filing for a listing with the US Securities and Exchange Commission, seeking for a valuation over $10B, Reuters reported.
Stock prices on Monday started the day's trading in the US by opening near Friday's closing prices. The flat start of the week was attributed to a tech surge being neutralized by lower oil prices.
On Monday, as a hedge fund bought $200 million worth of stock of Papa John's International, the company's share price increased by nine percent.
The Foreign Minister of Malta on Monday revealed that the European Union is evaluating setting additional sanctions on Venezuela. Although, the Minister revealed that no oil embargo is being considered.
On Monday, the Energy Minister of the Russian Federation announced that Russia is complying with the agreed global oil output cut deal.
Starboard Value's CEO Jeffrey Smith is set to take over as the US pizza chain Papa John's chairman after his hedge fund picked up a $200M stake in the company.
On Monday, the asset manager Janus Henderson stated that Bill Gross, the veteran bond manager, would retire, seeking to focus on his personal assets management and charitable foundation.
On Monday, Gannett's board of executives has rejected a hostile bid made by the newspaper chain MNG Enterprises, saying its offer had undervalued the company.
On Monday, Ultimate Software Group announced it had agreed to be acquired by the Hellman & Friedman-led investor group in an all-cash deal worth $11.0B.
Shares in South Africa's Clover Industries surged over 20% on Monday on a report about the $358.99M buyout offer proposed by a firms consortium, which includes Brimstone Investment Corporation.
Foxconn Technology vowed it would establish a plant in Wisconsin after talks between the US President Donald Trump and the group's Chairman Terry Gou.
Crude oil prices on Tuesday touched the $64 level. Financial media attributed the surge to the situation in Venezuela and the continuation of OPEC production cuts.
On Monday, Australian officials announced that they will crack down on misconduct in the financial sector. Two dozen cases have been referred for legal action already.
Apple is set to launch a new update for its video chat software FaceTime this week, after reporting a privacy bug that has been already fixed, the tech giant said.
Julius Baer is planning to trim up to 140 jobs, which is 2% of its workforce, on the back of the company's plan to cut costs announced this Monday, following a tough end of 2018.
The drugmaker Indivior stated on Monday it was selling the rights tied with its Chinese opioid addiction treatment Sai Bo Song to the privately-owned Zhejiang Pukang Biotechnology for about $122.5M.
On Monday, Euronext, the pan-EU stock market operator, stated it might sweeten its bid for Oslo Bors, as Nasdaq had made a rival proposal.
Taptica International, the video advertising company, confirmed on Monday it would combine with its competitor RhythmOne in an all-share merger deal, which now was awaiting shareholders' approval.
On Monday, Ryanair reported a €20M loss in the Q3 on weaker fares, saying it sees them to continue over the year, after weak fares had made the company to trim its annual forecast again two weeks ago.
Stobart's former CEO Andrew Tinkler has approached the British carrier Flybe, which is being acquired by the Stobart Group, Virgin Atlantic and Cyrus Capital-led consortium, with a potential alternative financing proposal.