Carl Icahn-backed US refiner CVR Energy is exploring possible strategic options, including selling itself, and hired BofA Merrill Lynch to advise on the process, it announced on Tuesday, sending the company's shares up 3.7% on the news.
The private equity groups such as Brookfield Asset Management, Mirae Asset Management, Fortress and Blackstone are bidding for the Anbang Insurance's US luxury hotels business portfolio worth up to $5.8B, according to the Financial Times.
The European antitrust regulators are set to rule on the US tech group International Business Machines' $34B bid for the software firm Red Hat by June 27 that would help the giant expand into its subscription-based software offerings.
Wynn Resorts made a decision to halt negotiations with MGM Resorts over its Massachusetts casino, Encore Boston Harbor, sale that had been previously valued at $2.6B, the company announced late Tuesday.
Nordstrom cut the forecast for full-year profit and sales after reporting weaker-than-anticipated results in the Q1, which were hurt by weak sales of women's clothing and the new loyalty program's roll out.
Japanese core machinery orders grew 3.8% month-over-month in March, beating expectations for a 0.7% decline in the reported period, government data revealed.
Volkswagen's truck brand Scania stated that it is set to invest $344.14M to modernise the company's Brazilian factory in industrial city nearing Sao Paulo.
Apple stated that it is set to repair problems related to typing in butterfly keyboards for an expanded set of laptops, including newer versions of its MacBook, MacBook Pro, MacBook Air models.
Spain remained the top trade partner of Morocco over the first quarter of this year, with nearly $4.4B worth goods, according to local media.
NRG Energy announced plans to buy the natural gas and retail electric business of Stream Energy for $300M. The proposed acquisition is set to face regulatory approval.
Huaxin Cement started construction of a cement production factory in Uzbekistan, with the anticipated capacity of the plant to be 1.2M tons of portland cement per year.
The average yearly house prices in Dubai dropped 13.2%, being down 4.9% over the first three-month period of this year, Property Monitor revealed.
The restaurant chain of the UK chef Jamie Oliver went into administration, leaving 1K persons without jobs, as the majority of its branches ceased operating immediately.
Confidence of Turkey's consumers in the country's economy decreased 13% in the month of May, compared to 6.9% rise in the prior month, the TurkStat stated.
The UK Motor Cycle Industry Association stated that sales increase 7.3% year-over-year in April, causing a 9.4% year-to-date rise, as the market kept expanding.
Germany's chemical giant BASF stated that it is set to build two new factories at its planned site of Verbund chemical production in southern China.
The US existing home sales dropped for a second month in succession in April due to the weakness in the lower-priced segment of the housing market, which was suffering from a shortage of properties.
The UK second biggest steel producer British Steel was is on the collapse brink unless the country's government agrees to help with emergency $38M loan, sources familiar with the matter said.
Veoneer, Sweden's car tech company, is planning to boost the working capital by $500M via the sale of its shares and bonds, after a sluggish demand for the group's services led to weaker sales and losses.
Norwegian sovereign wealth fund, Norges Bank, acquired a stake of 3.10% in Britain's Metro Bank, after the UK lender attracted $476.10M to boost its balance sheet.
The Indian Punjab National Bank is likely to gain control over two or three state-run banks, which could include Allahabad Bank, Andhra Bank and Oriental Bank Of Commerce, according to Reuters.
On Tuesday, Majestic Wine stated that its retail business was attracting many suitors, following the UK specialist wine company's announcement made a month ago about its intention to sell the arm to focus online.
Crane Co, the US industrial products maker, stated on Tuesday it had made an offer to acquire smaller competitor Circor International in a deal worth at $1.7B.
On Tuesday, Merck & Co stated it would acquire the cancer drug developer Peloton Therapeutics in a cash deal valued at $1.05B, seeking to receive access to the firm's renal cancer medication candidate PT2977.