PayPal Holdings, the online payments company, is planning a $500M investment in Uber Technologies as the ride-hailing service prepares to reveal the initial public offering terms on Friday, according to Refinitiv IFR.
Noble Midstream Partners, a pipeline operator owned by the US gas and oil production group Noble Energy, is set up for a sale, amid owner's intention to shift focus on its on core operations to and minimise expenses and maximise returns.
Sprint and T Mobile US are facing new concerns from the Federal Communications Commission over its planned tie-up deal, despite the companies' executives vow the combined group will have an incentive to cut prices.
Brazil's Petroleo Brasileiro stated it had signed a deal to sell 50% of Petrobas' production and exploration rights in its two offshore fields to Malaysia's Petronas for $1.29B.
The EU Commission has extended its deadline for a review of the joint venture agreement between Tata Steel and ThyssenKrupp by seven labour days to June 17, according to its website post on Friday.
The conglomerate Berkshire Hathaway could buy back as much as $100B of its stock, not providing any time frame, the Financial Times reported on Thursday, citing the billionaire Warren Buffett.
On Friday, Continental AG announced it would postpone its powertrain initial public offering to the next year after reporting a 17% fall in its Q1 operating profit, tumbled by higher investments and a downturn in vehicle demand.
On Friday, Roche announced it would again extend its $4.3B proposal for Spark Therapeutics, the gene therapy specialist, until June 3 due to the Federal Trade Commission's review of the potential deal.
Uber Technologies, the ride-hailing company, is set to announce its initial public offering terms on Friday, telling its investors it seeks to get a valuation of $80B-$90B, according to sources close to the matter.
The Chinese President Xi Jinping stated on Friday that the goal of the Belt and Road initiative (BRI) was the creation of a new platform for global trade and a mutually beneficial cooperation among its participants.
On Thursday, the US Trade Representative's Office has blacklisted one of the China's largest e-commerce platforms Pinduoduo.com amid violation of intellectual property rights.
The Chinese leader Xi Jinping stated on Friday that the Belt and Road initiative (BRI) must be sustainable, green and give a "high quality" for all participants.
The Finance Minister of China Liu Kun stated on Friday that the government would create and analysis framework for prevention of the Belt and Road initiative's (BRI) debt risks.
On Thursday, California's attorney general Xavier Becerra said that Morgan Stanley would pay $150m to settle the state mortgage securities charges.
On Thursday, the President of France Emmanuel Macron promised to cut tax for workers, as part of ways to stop the yellow vest protests.
On Thursday, the President of France Emmanuel Macron planned to link the lowest pensions back to inflation, and he also proposed easier rules for referendums.
On Thursday, Swiss-based Glencore Plc announced that the US Commodity Futures and Trading Commission was investigating the company for corrupt practices.
On Thursday, two China firms have signed deals with Russia's Novatek to acquire a combined 20% stake in Arctic LNG 2 project, not disclosing any financial terms of the deals.
Comcast Corp has entered talks to sell a Hulu stake to Walt Disney, boosting Disney's stake in the American entertainment company to 90%, sources familiar with the situation stated on Thursday.
Wirecard, the German payments company, stated on Thursday it would try to shift focus on its growth after receiving an audit approval of its full-year results, as they were delayed amid false accounting and fraud allegations at its Singaporean office.
On Thursday, Comcast reported its Q1 profit topped Wall Street's estimates, driven by a robust growth of high-speed internet customers, sending the company's shares up 2.5% in pre-market trading.
Southwest Airlines is anticipating its Q2 revenue growth to be above the estimates due to a higher demand from business and leisure customers, despite grounding about 34 of its Boeing 737 MAX planes.
Verizon Communications has opened pre-orders in the United States for the first 5G phone by Samsung, saying it would add the high-speed wireless service to 20 more cities following Chicago and Minneapolis.
On Thursday, Snap has appointed McDonald's executive Kenny Mitchell as the company's first Chief Marketing head, on the back of Snap's intention to lure more users to the platform.