News

Wed, 27 Mar 2019 18:14:56 GMT

British parliament looks for alternative to May's Brexit deal

On Wednesday, the UK Parliament tried multiple choice to Prime Minister Theresa May's Brexit agreement with the European Union.

Wed, 27 Mar 2019 18:12:35 GMT

J&J clears of liability in talc cancer lawsuit

On Wednesday, Johnson & Johnson was cleared of liability in talc cancer trial by a jury in Middlesex County Superior Court in New Jersey.

Wed, 27 Mar 2019 16:50:57 GMT

Ford to leave Russia's passenger car market

Ford Sollers, the Russian joint venture owned by Ford Motor, is set to shut down an engine plant and two assembly factories in Russia, leaving the country's passenger car market.

Wed, 27 Mar 2019 16:50:49 GMT

Unilever to acquire France's Garancia

Unilever, the consumer goods giant, has proposed a binding offer to acquire the French cosmetics and skincare brand Garancia, it announced on Wednesday, expanding its premium beauty products portfolio.

Wed, 27 Mar 2019 16:34:20 GMT

Auto1 explores IPO option for future

Auto1, Germany's used-vehicle dealing platform, stated it could possibly consider an initial public offering for the future, but it currently had no need for additional funding of its EU growth plans.

Wed, 27 Mar 2019 16:00:42 GMT

Singapore Exchange takes 20% stake in FX platform

Singapore Exchange has acquired a 20% stake in BidFX, the platform for foreign exchange trading, in a deal worth $25M, including an option to take a controlling interest in the firm.

Wed, 27 Mar 2019 15:16:17 GMT

Ericsson customers raise concerns over 5G discussions

On Wednesday, Ericsson stated that discussions over the 5G network security caused worries among the company's customers, as its main Chinese rival Huawei was facing the allegations of its gear used for spying.

Wed, 27 Mar 2019 14:56:42 GMT

Sweden launches search of Swedbank head office

Swedish authorities have launched a search of the Swedbank head office this Wednesday on the back of an inquiry into the lender's handling of allegations of money laundering within its Baltic branches.

Wed, 27 Mar 2019 14:37:20 GMT

Google launches council to advise on tech, AI ethics

Alphabet's Google launched an advisory council globally to explore some ethical issues over artificial intelligence and various other technologies, pledging to release a report by this year's end.

Wed, 27 Mar 2019 14:32:16 GMT

Santander, Natura tie up over banking services

Banco Santander Brasil tied up with Natura Cosmeticos about offering banking services to cosmetics brands' sellers, seeking to provide 1M of them with digital checking accounts via Natura's online app.

Wed, 27 Mar 2019 13:39:30 GMT

Lufthansa seeks merging its LSG unit with peer

Lufthansa is planning to merge its EU operations of the LSG catering unit with a peer, asking potential bidders to propose their offers until April, as the company faces low margins in the competitive market, sources reported.

Wed, 27 Mar 2019 13:34:06 GMT

Centene to acquire rival WellCare for $15.27B

On Wednesday, the US health insurer Centene confirmed it would acquire its small rival WellCare Health Plans in a stock-and-cash deal worth $15.27B, amid Centene's intention to boost its healthcare business backed by the government.

Wed, 27 Mar 2019 12:38:15 GMT

Cromwell Property makes takeover offer for RDI Reit

On Wednesday, Australia's Cromwell Property confirmed it had approached the UK-listed RDI Reit over a potential takeover bid as it seeks expansion in Europe and Britain.

Wed, 27 Mar 2019 12:35:12 GMT

Casper to pick IPO underwriters

The US online mattress retailer Casper Sleep is planning to hire underwriters to help if with the company's initial public offering after it had been valued at $920M in the latest private round of fundraising in 2017.

Wed, 27 Mar 2019 11:21:34 GMT

Southwest cuts revenue forecast

Southwest airlines on Wednesday announced that the company is cutting its forecast for performance revenue measure. In simpler terms, the company expects smaller profits. The news are bound to decrease the stock value of the company.

Wed, 27 Mar 2019 11:21:05 GMT

Theresa May might trade her job in Brexit

On Wednesday, the Prime Minister of the United Kingdom was expected to announce her retirement date as a part of a deal that would get her twice rejected Brexit deal approved.

Wed, 27 Mar 2019 10:35:20 GMT

Lynas rejects Wesfarmers' $1.1B takeover offer

Australia's Lynas has rejected a $1.1B takeover proposal made by Wesfarmers, sending its shares up to 35.1% on the news.

Wed, 27 Mar 2019 10:29:16 GMT

Qatar's Nebras considers $1.0B Paiton stake sale

Nebras Power, the Qatari energy investment firm, is exploring a potential stake sale worth $1.0B in the Indonesian biggest independent power producers Paiton Energy, according to a Bloomberg report seen on Wednesday.

Wed, 27 Mar 2019 09:37:24 GMT

Steinhoff attracts $332M from KAP stake sale

On Wednesday, Steinhoff, troubled South Africa's retailer, announced it has attracted $332M from the 26% stake sale in KAP Industrial to pay off its debt and boost its finances, sending the company's shares up over 6%.

Wed, 27 Mar 2019 09:31:20 GMT

Mercuria gets approval to acquire Aegean

Mercuria Energy Group, the global energy trader, is set to acquire Aegean Marine Petroleum within a week, which had filed for bankruptcy last year, after the US Bankruptcy Court approved the deal.

Wed, 27 Mar 2019 08:34:30 GMT

Sports Direct makes £61.4M offer for Debenhams

The British sportswear company Sports Direct has proposed a potential offer for Debenhams on Wednesday, valuing the department store at £61.4M with five pence per share in cash.

Wed, 27 Mar 2019 08:26:46 GMT

Cathay Pacific to acquire HK Express airline

On Wednesday, Cathay Pacific Airways announced it would acquire HK Express Airways from the struggling China conglomerate HNA Group in a deal worth $628M, paving the way to expansion in the fast-growing travel market.

Wed, 27 Mar 2019 07:38:16 GMT

Beijing Kunlun Tech considers Grindr app sale

Beijing Kunlun Tech, the Chinese gaming company, is planning to sell its gay dating app Grindr, after the US national security panel expressed concerns over its ownership, claiming Kunlun's ownership constitutes national security risk.

Wed, 27 Mar 2019 07:31:49 GMT

Renault seeks resuming Nissan merger talks

France's Renault is planning to resume merger talks with the Japanese carmaker Nissan Motor within a year, after which it seeks to set sight on acquiring Fiat Chrysler Automobiles, according to a Financial Times report.

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