Finance

  • Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay  Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant messaging service. Ant Financial, which manages payments service Alipay and Alibaba’s digital banking business, will invest the capital into Kakao Pay, a soon-to-launch Kakao fintech division. Read More Share ...
  • Temasek jumps into China’s bike rental startup war with investment in MoBike  Temasek, Singapore’s state-owned investment firm, has jumped into China’s on-demand cycle war after it backed MoBike. China’s ride-sharing war is last year’s news. The big battle between Uber and Didi Chuxing is essentially over after the latter agreed to buy the former’s China-based business. The new startup drama du jour is in bikes — services that let… Read ...
  • App platform company MuleSoft files for IPO  MuleSoft is the latest “unicorn” to file for an IPO. The company, which helps businesses like Netflix and Spotify with their APIs, has unveiled its financials to the public in an S-1 filing, suggesting that they are targeting a debut as soon as March. The size of the proposed IPO is $100 million, but that is subject to change. In the ...
  • Why Snap would lowball its IPO valuation  The short answer for why Snap lowballed its initial valuation for its initial public offering is that it probably won’t be that low for long. Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a matching game — how does Snap and its underwriters ...
  • Dorsey: Twitter still has “a long way to go”  Twitter co-founder and CEO Jack Dorsey spoke on stage with COO and CFO Anthony Noto at the Goldman Technology Conference in San Francisco on Wednesday. The leaders of the social media giant reiterated Twitter’s mission as a real-time information platform and spoke of its latest accomplishments, but also talked about the challenges of growing what ...
  • PayPal buys TIO Networks for $233 million  PayPal has agreed to buy bill payment management company TIO Networks for $233 million in cash. The deal will allow PayPal to gain access to a market of customers who pay their utility and cable bills at kiosks in locations like Rite Aid. This will help the company reach the “underserved” chunk of North Americans who are living ...
  • This venture firm just produced one of the first detailed equity research reports on Snap Inc.  Many things that used to be true primarily of the public market now happen within the world of private company investing, including the participation of mutual fund investors. Now, you can add equity research reports to that list. Goodwater Capital — a two-year-old, consumer-tech-focused venture firm is today taking the wraps off a detailed snapshot of pre-IPO Snap, ...
  • Amazon hints at Prime sales in latest filing  Amazon Prime has driven growth for the e-commerce company for years now. But Amazon has traditionally been cagey about disclosing too many details regarding the popular service. In a 10-K filing summarizing performance throughout 2016, the business did something that drew the attention of Wall Street analysts. It designated a category entitled “retail subscription services”… Read More Share this:Click ...
  • Nikon restructuring causes casualties to bottom line, camera line, and production line  Nikon’s plan to restructure in the face of challenges to the digital imaging space has proven more costly than expected in more ways than one. A rough quarter means the company will not only miss profit expectations, but will have to buy out a thousand employees and end its DL line of compact cameras. Read ...
  • PitchBook brings company financial data to its mobile app  Finding financial data, particularly for private companies, is no small task. It usually requires a solid BS detector for researching online and a network of knowledgeable sources to bounce numbers off of — not something that can easily be done over coffee or in the middle of a meeting. PitchBook, a PE and VC database, is integrating ...
  • Can you trust crypto-token crowdfunding?  In 2016, blockchain startups raised some $200 million in Initial Coin Offerings, a new form of crowdfunding based on cryptocurrency tokens. Some of the startups have raked in millions of dollars; several have failed to deliver. Expert opinion is highly polarized on the crypto-token crowdfunding hype, its reliability, its legality and its future. Here’s what ...
  • Pandora falls 4% on earnings news  Internet music giant Pandora fell 4% in initial after hours trading after the company released its fourth quarter 2016 earnings results. Pandora actually beat expectations, but this was already worked into the stock because the company announced last month that they would beat guidance. Investors were apparently looking for something better. The earnings per share loss ...
  • Greycroft announces $250 million growth fund  Greycroft Partners, the venture firm co-founded by industry veteran Alan Patricof, is announcing their second growth equity fund. They will have about $250 million in capital to deploy, an increase from the $200 million in their previous late sta… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Twitter says product changes are main growth driver, not just the President’s usage  Twitter’s advertising business is stalling, but the company is trying to focus on some flashes of improvement among the service — which it’s attributing to product changes, and not just to major events like presidential debates or the President’s usage of Twitter. There were some questions as to whether President Donald Trump’s usage of Twitter ...
  • Jack Dorsey says he’ll continue running both Square and Twitter  As Twitter’s growth continues to stall and increasingly become an issue, Twitter CEO Jack Dorsey’s double-time running both Twitter and Square has become a big question mark — and Dorsey says he’s staying the course. “This focus, and this team, allows me and gives me a lot of confidence I can continue to focus on ...
  • Twitter’s ad business may be becoming another one of its biggest problems  Twitter may have re-oriented itself and laid off part of its workforce to streamline its business, but it still doesn’t look like it is bringing in enough money to keep Wall Street happy. Here is the biggest data point from the company’s fourth-quarter earnings report: according to the company, advertising revenue totaled $638 million, which was down ...
  • Y Combinator now lets anyone recommend startups  After years of accepting tips from alumni, Y Combinator has decided to open up its recommendation network to everyone. The goal is to help increase the number of startups connected to YC by allowing professors, mentors, early customers and anyone else familiar with a team to submit recommendations to YC on their behalf. Kat Manalac, a ...
  • Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage  CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia. This is a Series B investment and it was led by B Capital, the BCG-backed fund from Facebook co-founder Eduardo Saverin, and EDBI, the investment ...
  • Fintech is stimulating Chinese consumption and capital flow  Fintech is rapidly being adopted in China and is spurring consumption, both domestically in China and internationally. I interviewed the CEOs of three companies in China that are using fintech to boost purchases, ranging from daily necessities to… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • N26 users can now get a credit line in five minutes  N26 is iterating at an incredible pace these days with a ton of new product features and geographical expansions to build the most modern bank in Europe. But the new features always follow the same motto — your current bank sucks, everything should be simpler. Today, N26 introduces consumer credit done right. I saw a preview ...
  • Financing growth with debt in the app economy  When it comes to obtaining financing to grow your app or game business, there are several options from which to choose that take a debt-based approach, rather than giving away equity in your business. Choosing the right type of financing is criti… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • Thrive Capital hires Obama’s Director of Product Josh Miller to focus on tech for the underprivileged  Connections between the Obama administration and Silicon Valley abound, but particularly for Josh Kushner. The latest? Kushner’s venture firm Thrive Capital just hired Josh Miller, a member of the White House Office of Digital Strategy under President Barack Obama. Miller, just 24 when he left Facebook to serve as the White House director of product, starts Monday ...
  • Greenlight is a debit card for kids that parents manage from their phones  Greenlight, a three-year-old, Atlanta, Ga.-based startup, is trying to solve a problem that any parent of an elementary or junior high school student can well understand: how to give kids money without worrying that they’ll lose it or spend it on something they shouldn’t. It isn’t the first reloadable, prepaid card. MasterCard, Visa and American Express each ...
  • CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion  Snapchat parent Snap Inc. has finally revealed its long-awaited IPO filing. The social messaging company, which plans to go public in early March, just shared details about its growth trajectory and financials.  And while we knew that Snap has raised at least $2.4 billion in capital from a long list of investors, we now know the ownership ...
  • Snap paid $114.5M to acquire Vurb and gives acquisition details for Bitstrips and Looksery  Now that Snap is revealing its financial guts to the world in its filing for its initial public offering, we’re getting a small glimpse at how much the company is paying to acquire startups. As Snap becomes a larger company and is able to amass more of a cash pile, it’ll be able to start ...
  • Snapchat paid Reggie Brown $157.5M to settle his ‘ousted founder’ lawsuit  Ousted Snapchat early employee Reggie Brown was paid $157.5 million in a settlement in September 2014 to close off a 2013 lawsuit he had brought against other co-founders Evan Spiegel and Bobby Murphy, alleging that they had taken his original idea and run with it, pushing him out of the company without compensation in the ...
  • Snap will expand distribution of Spectacles in 2017, but hardware remains an experiment  Snap, Inc. just released its IPO and there’s a lot to take away, but from a hardware perspective there’s not much present – which is actually telling in itself. The S-1 filing contains a few references to Spectacles, but they don’t suggest Snap’s view of itself as a camera company leans very heavily on its ...
  • Snapchat international user growth slowed in the second half of 2016  Snapchat parent Snap Inc. wanted to present a growing and and highly engaged user base today in its bid to go public. But there are reasons for concern, especially when you look more closely at user growth in Europe and the rest of the world With the release of the company’s S-1 filing today, Snap revealed that ...
  • Snap has finally filed publicly for its massive IPO  It’s here! Snap — which confidentially filed for its IPO late last year — has released its public filing through the Securities and Exchange Commission. It’s going to be listed on the NYSE as “SNAP.” This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting ...
  • Amazon fumbles earnings amidst high expectations  Mixed faces in Seattle today as Amazon delivered its Q4 2016 earnings. The e-commerce company reported lower than expected revenue of $43.74 with better than expected earnings per share of $1.54. Expectations had been high in the run up to the release. Wall Street consensus was that Amazon would deliver revenue of $44.68 billion with $1.35 earnings per share. In ...
  • UPDATE 1-Sports Direct in talks to bid for Bob’s, Eastern Mountain Sports -sources Feb 2 (Reuters) – Struggling British sportswear retailer Sports Direct is in talks to bid for Eastern Outfitters LLC, the parent of U.S. discount chain Bob’s Stores and outdoor retailer Eastern… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • UPDATE 1-EU set to approve ChemChina’s $43 bln bid for Syngenta – sources BRUSSELS, Feb 2 (Reuters) – ChemChina is set to secure conditional EU antitrust approval for its $43 billion bid for Swiss pesticides and seeds group Syngenta, the largest foreign acquisition by a… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • Thieves now use “Shimmers” to grab Chip/PIN card data Just when you thought it was safe to slip your card in a slot ATM skimmers have gotten just a bit smarter. New devices called Shimmers can now read your card number and, in certain instances, access your card’s chip. While the technique isn’t new – Shimmers began appearing in 2015 – they are still ...
  • UPDATE 1-Bosnia loan on hold because of delays in reforms, IMF says * Government advisor expects action soon (Updates with detail, government comment) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • BRIEF-CCL Industries announces India entry for CCL label * CCL Industries Inc – pacman-ccl will invest $3.75 million in venture to acquire its stake, reduce debt and provide funding for future expansion Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in ...
  • BRIEF-Cigna CEO says individual Obamacare business loss has been manageable * Cigna CEO says individual Obamacare business loss has been manageable and will be smaller in 2017 but still a loss Further company coverage: (Reporting By Caroline Humer) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Wecast Network acquires 55pct of Wide Angle Group Limited * Wecast Network Inc – WAG will reside and operate under wecast network’s recently purchased sun video group Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • BRIEF-CareTrust REIT Inc says acquired two seniors housing communities in Milwaukee metropolitan area for approximately $26.1 million * CareTrust REIT Inc says acquired two seniors housing communities in Milwaukee metropolitan area for approximately $26.1 million Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new ...
  • BRIEF-Vinergy Resources/MJ Biopharma to acquire majority stake in multinational plant breeder with C$14,000,000 in annual sales * Vinergy Resources/MJ Biopharma to acquire majority stake in multinational plant breeder with C$14,000,000 in annual sales Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • UPDATE 3-Shell nears another $5 bln in sales to ease debt load * Renewable energy spending capped at below $1 bln (Recasts, adds details, CFO, CEO, investor quotes, updates shares) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • BRIEF-GMS acquires Grabber Construction Products Hawaiian business * GMS expands its presence in Hawaii with acquisition of Grabber Construction Products Inc.’s Hawaiian business Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click ...
  • BRIEF-GP Strategies acquires McKinney Rogers * Completed acquisition of certain assets and business of McKinney Rogers Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • BRIEF-Dow Chemical says to sell its Ethylene Acrylic Acid copolymers and ionomers business * Dow announces proposed divestiture of ethylene acrylic acid (eaa) copolymers business Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • Shell nears deals to sell $5 bln of assets -CFO LONDON, Feb 2 (Reuters) – Royal Dutch Shell is nearing deals to divest $5 billion of assets, Chief Financial Officer Simon Henry said on Thursday, adding that the company was “selectively… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • BRIEF-UTour Group scraps plan to acquire travel agency HuaYuan Further company coverage: (Reporting by Hong Kong newsroom) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • BRIEF-Infineon CEO says expects to close Wolfspeed acquisition any time soon * CEO says expects to close wolfspeed acquisition any time soon Further company coverage: (Frankfurt Newsroom) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • Energean choses TechnipFMC to help develop Israeli gas fields * Greece’s Energean said on Thursday it signed a deal with oil and gas firm TechnipFMC to help develop Israeli offshore gas fields Karish and Tanin. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • UPDATE 1-Shell profit misses forecast due to forex-related charge LONDON, Feb 2 (Reuters) – Royal Dutch Shell’s profits were lower than forecast in the last quarter of 2016 due to an unexpected charge relating to foreign exchange moves, but it was still ahead of… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • UPDATE 1-UK Stocks-Factors to watch on Feb 2 Feb 2 (Reuters) – Britain’s FTSE 100 index is seen opening 10 to 15 points lower, or down as much as 0.2 percent on Thursday, according to financial bookmakers, with futures down 0.1 percent ahead of… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • RPT-Airbus calls in the movers as power shifts to new HQ PARIS, Feb 1 (Reuters) – After top-level restructuring at Airbus come the musical chairs and a new logo intended to convey unity as the European giant aims to refocus its management without a return… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • Nikkei falls to more than 1-week low as stronger yen sours mood TOKYO, Feb 2 (Reuters) – Japan’s Nikkei share average fell on Thursday to its lowest in more than a week after a stronger yen soured sentiment. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • PRESS DIGEST- New York Times business news – Feb 2 Feb 2 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • BRIEF-Mead Johnson confirms deal discussions with Reckitt Benckiser * Confirms that it is in discussions with RB with respect to its proposal to acquire outstanding shares of MJN for $90 per share in cash Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • UPDATE 2-Oi aims to renegotiate debt before taking new capital -source SAO PAULO, Feb 1 (Reuters) – The board of Brazil’s fourth-largest wireless carrier Oi SA on Wednesday decided to first solve its court-supervised reorganization before discussing a potential capital… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 1-SK Innovation buys Dow Chemical’s ethylene acrylic acid unit for $370 mln * Includes Dow Chemical’s EAA business in U.S., Spain (Adds company comment) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • BRIEF-Pershing Square Holdings reported NAV of $18.15 per share as of Jan. 31 * Releases monthly net asset value and performance report for January 2017 Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • BRIEF-Reckitt Benckiser confirms it is talks to buy Mead Johnson * Expects to finance the possible transaction through a combination of cash and debt Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • BRIEF-Reckitt Benckiser in talks to buy Mead Johnson in deal that could be worth more than $15 bln- source * Reckitt Benckiser in talks to buy Mead Johnson in deal that could be worth more than $15 billion- source Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • Reckitt Benckiser in talks to buy Mead Johnson Nutrition – WSJ Feb 1 (Reuters) – UK consumer giant Reckitt Benckiser Group Plc is in talks to buy baby-food maker Mead Johnson Nutrition Co, The Wall Street Journal reported, citing sources. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • Sports Direct in talks to bid for Bob’s, Eastern Mountain Sports -sources Feb 1 (Reuters) – British sporting goods company Sports Direct International Plc is in talks to bid for Eastern Outfitters LLC, the parent of U.S. discount chain Bob’s Stores and outdoor retailer… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • H&R Block is now using IBM Watson to find tax deductions  Getting your taxes done is miserable. It’s complicated, time-consuming and costly — particularly for people whose financial situation requires them to seek help from tax professionals. The process is such a mess, even for said professionals, that H&R Block, one of the largest tax services providers, is partnering with IBM Watson to help make the process ...
  • BRIEF-Reckitt Benckiser in talks to buy Mead Johnson in deal that could be worth more than $15 bln – CNBC citing DJ * Reckitt Benckiser is in talks to buy Mead Johnson in deal that could be worth more than $15 billion – CNBC citing DJ Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • INSIGHT-China’s “Silk Road” push stirs resentment and protest in Sri Lanka HAMBANTOTA, Sri Lanka, Feb 2 (Reuters) – China signed a deal with Sri Lanka late last year to further develop the strategic port of Hambantota and build a huge industrial zone nearby, a key part of… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • SoFi buys Zenbanx to offer banking and money transfer services to its users  Online lending firm SoFi announced today that it has acquired Zenbanx, a startup that offers banking, debit, payments and money transfer services to users online and through a mobile app. The combination of the two will allow SoFi to move deeper into the financial lives of its customers. While today it focuses on student-loan refinancing, mortgages and personal loans, integrating ...
  • BRIEF-Amaya makes additional payment on deferred purchase price * Has made an additional payment of $75 million on its outstanding deferred purchase price obligation for its acquisition of rational group Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click ...
  • UPDATE 1-Medical helicopter company Air Methods exploring sale – WSJ Feb 1 (Reuters) – U.S. medical helicopter company Air Methods Corp is exploring a sale, the Wall Street Journal reported, citing people familiar with the matter. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • Yomoni raises $5.4 million for its automated portfolio management service  French startup Yomoni is a promising fintech startup operating robo-advisors. It means that you can give the company some of your savings, and the startup automatically manages a portfolio for you, buying and selling stocks, bonds and more. Yomoni just raised $5.4 million from existing investors Crédit Mutuel Arkéa and Iéna Venture (€5 million). The ...
  • Medical helicopter company Air Methods exploring sale – WSJ Feb 1 (Reuters) – U.S. medical helicopter company Air Methods Corp is exploring a potential sale, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 4-Anthem CEO uncertain about 2018 Obamacare participation Feb 1 (Reuters) – Anthem Inc said on Wednesday that it might stop selling individual plans on the Obamacare exchanges in 2018 unless the U.S. government tightens enrollment and eligibility rules to… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • BRIEF-PARKER ACQUIRES HELAC CORPORATION * PARKER-HANNIFIN CORP- TERMS OF TRANSACTION WERE NOT DISCLOSED Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Pinterest ...
  • BRIEF-HCI group real estate unit acquires Pineda Landings shopping center * HCI Group real estate division acquires 100 percent ownership of newly-built Melbourne, Florida shopping center Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • BRIEF-Siemens CEO guides against further large digital buys * CEO says shouldn’t expect further huge acquisitions in digitisation Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • BRIEF-Paramount to sell Waterview for $460 million * Says sale will result in a financial statement gain of approximately $110 million and a tax gain of approximately $393 million Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • BRIEF-BlackRock buys equity infrastructure franchise of First Reserve * Blackrock acquires energy infrastructure franchise from First Reserve Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Pinterest ...
  • UPDATE 1-GE to sell entire stake in S.Korea’s Hyundai Card SEOUL, Feb 1 (Reuters) – General Electric said on Wednesday it has agreed to sell its 43 percent stake in South Korean credit card firm Hyundai Card Co Ltd as the U.S. industrial giant continues to… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • BRIEF-GE to sell 43 pct stake in Hyundai Card to Hyundai Commercial, Affinity Equity Partners, GIC and Alpinvest * GE to sell shares in Hyundai Card Co. to Hyundai Commercial, Affinity Equity Partners and other investors Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • Hyundai Commercial to buy part of GE stake in credit card firm for $258 mln SEOUL, Feb 1 (Reuters) – Hyundai Commercial Inc on Wednesday said it has decided to buy part of General Electric Co’s (GE) stake in South Korean credit card firm Hyundai Card Co Ltd for 298 billion… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • UPDATE 1-UK Stocks-Factors to watch on Feb. 1 Feb 1 (Reuters) – Britain’s FTSE 100 index is seen opening 34 points higher at 7,134 on Wednesday, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • BRIEF-Solvay acquires Energain technology from DuPont * Solvay acquires Energain technology from DuPont and extends its advanced Li-ion batteries offer Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • BRIEF-Elior to acquire Corporate Chefs in the US * To acquire Corporate Chefs in the US Source text for Eikon: Further company coverage: (Gdynia Newsroom) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • BRIEF-Nidec buys drive-motor and power generator business from Emerson Electric Co * Says it completed acquisition of drive-motor and power generator business from the U.S.-based firm Emerson Electric Co Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • Korea’s AIM raises $1.6M for its mobile trading service  Seoul-based startup AIM has closed $1.6 million in seed funding to bring its artificial intelligence-powered app for financial investments to market in Korea, and potentially other parts of Asia. The fintech company has developed a system which works alongside existing investment institutions to allow users in Korea to make trades and investments via their smartphone. So rather than ...
  • Avianca says to negotiate alliance with United Airlines BOGOTA, Jan 31 (Reuters) – Avianca Holdings SA, one of Latin America’s biggest airlines, said late on Tuesday it is seeking a commercial alliance with United Continental Holdings Inc, under terms… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • ForeScout Technologies filed confidentially for IPO  ForeScout has filed confidentially for an IPO, TechCrunch has confirmed. The security company has submitted its S-1 and will be unveiling it to the public closer to its debut. The IPO is likely to happen in the next few months, with an exact date yet-to-be-determined. The JOBS Act from 2012 made it so that the companies ...
  • BRIEF-Northern blizzard says recieved interest from third party for business combination * Northern Blizzard Resources Inc. Announces waiver of condition in substantial issuer bid Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • BRIEF-Canadian Equipment Rentals agrees to sell general rental assets to Cooper Rentals Canada * Enters into agreement to sell general rental assets to Cooper Rentals Canada Inc Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • UPDATE 1-EU clears final hurdle for end of mobile roaming charges BRUSSELS, Feb 1 (Reuters) – The European Union clinched a preliminary deal early on Wednesday to cap wholesale charges telecom operators pay each other when their customers use their phones abroad,… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • After slump in energy deals, hints of recovery: EY LONDON, Feb 1 (Reuters) – A sharp pick up in deal-making in the oil and gas sector in recent weeks has scope to accelerate as oil prices recover, advisory company EY said in a report. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • Raising a $32M Series A, Knock seeks to stand out with new model for selling homes  Online real estate service Knock is finishing up a $32 million Series A round led by RRE Ventures. The new company, founded by former Trulia executives, promises to handle the details of home sales in exchange for the traditional six percent commissions. Unlike legacy sellers, though, Knock promises you market-rate returns on your house in advance. And if, for whatever reason, ...
  • UPDATE 2-Elliott starts proxy fight with Arconic as it posts Q4 loss CHICAGO, Jan 31 (Reuters) – Activist investor Elliott Management Corp on Tuesday launched a proxy fight against Arconic Inc, which makes engineered metal parts for the aerospace, automotive and other… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Columbia Property Trust sells Cleveland’s key center for $267.5 mln * Columbia Property Trust sells Cleveland’s key center for $267.5 million Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • BRIEF-Carbonite acquires Double-Take Software * Carbonite Inc says aggregate purchase price for Double-Take Software was $65.25 million Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • BRIEF-Dish acquires DBS and OTT assets from Echostar * Dish Network Corp – transaction also transfers to dish 10 percent stake in Sling TV held by Echostar Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share ...
  • Apple Services have a huge quarter as App Store sees ‘record activity’  Apple just released its first quarterly earnings report of the new year, and the company was quick to share that it was a banner quarter for the company’s Services segment which topped $7.17 billion, growing 18 percent year-over-year from $6.05 billion in Q1 of 2016. “Revenue from Services grew strongly over last year, led by record customer activity ...
  • BRIEF-KMG reports acquisition of Sealweld * KMG Chemicals Inc- Sealweld is immediately accretive to kMG’s adjusted ebitda and adjusted earnings per share Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • Apple breaks iPhone sales record with 78.3 million units sold in the holiday quarter  With another big holiday quarter behind it, Apple saw revenues from its flagship iPhone product rise to $54.4 billion, up from $51.6 billion a year earlier. That revenue growth came as Apple reported units sold rose 5 percent to 78.3 million in its fiscal first quarter of 2017. That was a record for sales, and also beat analysts expectations ...
  • Apple shares up 3% after company beats earnings expectations  Apple’s latest quarter surpassed earnings expectations, sending the stock up about 3% in initial after-hours trading. Its fiscal first quarter of 2017 saw record earnings of $3.36 per share, well above the $3.21 forecast by Wall Street. Revenue also beat, coming in at $78.4 billion, versus the $77.3 analysts were predicting. Investors were pleased that the company sold 78.3 ...
  • Apple’s services are buoying its return to growth as its iPhone engine stalls  It looks like Apple’s big bet on building an array of services like iCloud, Apple Music and the App Store is starting to be the big business the company hoped it would be. Wall Street and Apple had expected to return to growth this quarter following the holiday season, though it was supposed to be ...
  • BRIEF-Hologic completes divestiture of blood screening business * Hologic completes divestiture of blood screening business Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • BRIEF-Exactech reports divestiture of spine assets and restructuring charges * Exactech announces divestiture of spine assets and restructuring charges Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • UPDATE 2-Brazil state rules out Cemig sale as debt relief condition -source SAO PAULO, Jan 31 (Reuters) – The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Warren Buffett: I bought $12 billion of stock after Trump won Jan 31 (Reuters) – The failure of Warren Buffett’s favored candidate to capture the White House has not dimmed the billionaire’s appetite for stocks. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in ...
  • BRIEF-Carlisle Companies acquires Arbo Holdings Limited * Arbo Holding Limited business will operate as a unit within Carlisle Construction Materials Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share ...
  • UPDATE 2-Nasdaq to close NLX trading venue, reports Q4 loss NEW YORK, Jan 31 (Reuters) – Nasdaq Inc said on Tuesday it would wind down its struggling London-based interest rate derivatives exchange, NLX, as unrelated one-time costs pulled the transatlantic… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Lonza launches accelerated bookbuilding * Following the announcement on 15 December 2016 regarding the contemplated acquisition of Capsugel, Lonza launches an accelerated bookbuilding by offering up to 5.0 million registered shares Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • U.S. securities class actions soar to two-decade high Jan 31 (Reuters) – U.S. securities class actions have soared to a two-decade high, topping levels during the financial crisis, after a landmark January 2016 ruling meant to deter lawsuits in Delaware… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • Uber strikes deal with Daimler to add self-driving Mercedes-Benz to fleet SAN FRANCISCO, Jan 31 (Reuters) – Uber Technologies Inc has signed another deal with a major automaker as the popular ride service accelerates efforts to build out one of the world’s first fleets of… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • Qvivr raises $5M to move beyond its all-in-one credit card  Qvivr, a Silicon Valley-based FinTech startup originally known for building the SWYP programmable credit card, has raised $5M in Series A funding. The funding was led by Khosla Ventures, with participation from a large multinational Asian bank. The startup was founded in 2014 and originally launched with a pre-order campaign for a hardware product that would let ...
  • Thoma Bravo explores sale of Global Health Exchange-sources Jan 31 (Reuters) – Buyout firm Thoma Bravo LLC is exploring a sale of Global Health Exchange (GHX), a software company that helps track medical and surgical supplies that could be worth as much as… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • BRIEF-Uniserve Communications says “substantial” EBITDA rise after restructuring * Uniserve reports substantial EBITDA increase after restructuring Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Pinterest (Opens ...
  • BRIEF-Everbridge announces acquisition of IDV Solutions * Everbridge announces critical event management and acquisition of IDV Solutions Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • Actelion, Syngenta takeovers set to shake up Swiss SMI index * SMI blue-chip index composition faces biggest change in years Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • BRIEF-3D Systems to transform digital dentistry with acquisition of NextDent * 3D Systems Corp – expects acquisition to be immediately accretive to its non-gaap earnings per share and cash generation Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • UPDATE 1-Health insurer Aetna’s quarterly profit beats estimates Jan 31 (Reuters) – Health insurer Aetna Inc, whose $34 billion deal for Humana Inc was blocked last week, reported a higher-than-expected quarterly profit on Tuesday, helped by higher premiums for… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • Health insurer Aetna’s quarterly revenue rises about 5 pct Jan 31 (Reuters) – Health insurer Aetna Inc, whose $34 billion deal for Humana Inc was blocked last week, reported a rise of about 5 percent in quarterly revenue on Tuesday, helped by higher premiums. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • BRIEF-Radware acquires Seculert to enhance data center security * Radware Ltd says company expects acquisition to be immaterial to its 2017 revenues Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • UPDATE 2-Seadrill seeks at least $1 bln capital lifeline as debt deal delayed again OSLO, Jan 31 (Reuters) – Oslo-listed rig firm Seadrill is looking to raise at least $1 billion in new capital as talks to restructure its debt and liabilities worth $14 billion are taking longer… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • Russia’s Nordgold says considers delisting from London Stock Exchange MOSCOW, Jan 31 (Reuters) – Russian gold miner Nordgold said on Tuesday it was considering delisting its global depositary receipts from the London Stock Exchange but that no decision had been taken… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • BRIEF-Ipsen to acquire Primary Care Platform in Italy from Akkadeas Pharma * Ipsen to acquire Primary Care Platform in Italy from Akkadeas Pharma Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • BRIEF-Shell to sell package of UK North Sea assets to Chrysaor for up to $3.8 bln * Shell to sell package of UK North Sea assets to Chrysaor for up to $3.8bn Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • GE Oil and Gas CEO sees offshore activity pick up in 2018-19 FLORENCE, Italy Jan 31 (Reuters) – Activity in offshore oil and gas fields is expected to pick up in 2018 and 2019 as companies revive investments after several years of low energy prices, Lorenzo… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • SoftBank considers investment of over $1 bln in WeWork – WSJ Jan 30 (Reuters) – SoftBank Group Corp is considering an investment of more than $1 billion in office-space sharing start-up WeWork, the Wall Street Journal reported, citing people familiar with the… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • NVCA chair on immigration orders: “If you’re not at the table, you’re on the menu”  Venky Ganesan, managing director of $4.4 billion venture capital firm Menlo Ventures and current chairman of the National Venture Capital Association, is walking a political tightrope and trying not to fall off. The venture capital industry, financiers to many tech giants, relies on immigrant talent to launch startups, help them thrive, and drive their continued success. Right ...
  • ADM to sell crop insurance business to Validus Holdings CHICAGO, Jan 30 (Reuters) – U.S. agricultural commodities trader Archer Daniels Midland Co has agreed to sell its Crop Risk Services (CRS) insurance business for $127.5 million to Validus Holdings… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • Raymond James to roll out robo-adviser in 2017 NEW YORK, Jan 30 (Reuters) – Raymond James Financial is rolling out a new digital platform with robo-adviser-like technology this year, the St. Petersburg, Florida-based firm said on Monday. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 2-Brazil to open airlines, agricultural land to foreign buyers -sources BRASILIA, Jan 30 (Reuters) – President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • BRIEF-Mettrum Health, Canopy Growth announced that a court has issued final order approving proposed acquisition * Mettrum Health – Co, Canopy Growth Corporation announce that Ontario Superior Court of Justice has issued final order approving proposed acquisition Source text for Eikon: Further company… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • Tapping Nas’ former fund manager Manhattan Venture Partners launches MVP All-Star fund  Rashaun Williams, a former fund manager at Queensbridge Venture Partners, the venture capital firm made famous by the hip-hop legend Nas, has joined boutique merchant bank Manhattan Venture Partners to leverage his proximity to star power for a n… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • BRIEF-QTS expands in Dallas with acquisition of 53-acre mega data center campus from Health Care Service Corp * QTS expands in Dallas with acquisition of 53-acre mega data center campus from Health Care Service Corporation Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • BRIEF-Validus Holdings says deal to acquire ADM’s crop risk services business * Validus Holdings announces agreement with Archer Daniels Midland to acquire ADM crop risk services business Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • BRIEF-ADM says agreement for sale of Crop Risk Services business to Validus * Archer Daniels Midland Co – expects to record a book gain upon deal closing Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in ...
  • Orascom extends deadline of alternative plan for Brazil’s Oi SAO PAULO, Jan 30 (Reuters) – Orascom TMT Investments Sarl has voluntarily extended the deadline to consider an alternative in-court reorganization plan for Brazilian phone carrier Oi SA, which in… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Enphase Energy says reducing work force by about 18 pct * Enphase Energy Inc – Restructuring will include an approximately 18 percent reduction in force Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • Deals of the day-Mergers and acquisitions Jan 30 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2040 GMT on Monday: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • UPDATE 2-Keysight Technologies to buy Ixia for $1.6 billion Jan 30 (Reuters) – Keysight Technologies Inc, a provider of software and equipment to the electronics industry, said on Monday it would buy U.S. data technology company Ixia for about $1.6 billion… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • Apple revenue could grow again thanks to the iPhone 7  Apple will report its holiday quarter earnings tomorrow. Once again, all eyes will be on the iPhone. The device now represents the vast majority of the company’s revenue. So anything that can affect iPhone sales is a big deal. And if you’ve been paying attention to Apple’s past earnings, you know that Apple has had ...
  • UPDATE 1-Persistent price pressure take toll on Slim’s Telekom Austria VIENNA, Jan 30 (Reuters) – Telekom Austria, a unit of Mexican tycoon Carlos Slim’s America Movil, confirmed a fall in its full-year core profit, largely due to tough price competition which it… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • Deutsche Bank’s future capital needs uncertain – Handelsblatt FRANKFURT, Jan 30 (Reuters) – There is still some uncertainty over whether Deutsche Bank may need to increase its capital, management board member Christian Sewing was quoted as saying in German… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • UPDATE 4-Walgreens delays Rite Aid deal again, cuts offer price Jan 30 (Reuters) – Drugstore chain Walgreens Boots Alliance Inc said its deal to buy smaller rival Rite Aid Corp would now take six months longer to close and also reduced its offer price as it… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • UPDATE 1-Former HBOS bankers found guilty in $307 million fraud trial LONDON, Jan 30 (Reuters) – Two former HBOS bankers and four other people were found guilty on Monday in a $307 million fraud trial. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in ...
  • REFILE-UPDATE 1-Mediawan joins big league in TV content with offer for Groupe AB PARIS, Jan 30 (Reuters) – Mediawan, set up by some of France’s biggest media investors to challenge giants like Netflix, is set to become the country’s second biggest pay TV player through a proposed… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • Snap to list on New York Stock Exchange  Snap, the parent of Snapchat, will be listing on the New York Stock Exchange, TechCrunch has confirmed. The news was first reported by the Wall Street Journal. This means that you can expect to see a big Snapchat banner on Wall Street and that executives will likely be ringing the opening bell when the company debuts, likely ...
  • BRIEF-Walgreens Boots Alliance revises FY 2017 adj EPS guidance to $4.90 to $5.08 * Revised its guidance for fiscal year 2017, and now anticipates adjusted net earnings per share of $4.90 to $5.08 Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • UPDATE 1-Germany talks to banks about Frankfurt move after Brexit * U.S., UK, Australian and Japanese banks attend (Adds detail of meeting) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • BRIEF-Nando’s spicy chicken chain weighs IPO to fund expansion – Bloomberg * Nando’s spicy chicken chain weighs IPO to fund expansion – Bloomberg, citing sources Source text: http://bloom.bg/2jNz2KG Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • BRIEF-Broadwind Energy reaches agreement to acquire Red Wolf Company Llc * Broadwind Energy reaches agreement to acquire Red Wolf Company Llc Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • BRIEF-Cbl & Associates Properties acquires five sears stores for future redevelopment through sale-leaseback * CBL & Associates Properties Inc acquires five sears stores for future redevelopment through sale-leaseback Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • Fitbit to cut six-percent of its staff following a disappointing Q4  As anticipated, wearable leader Fitbit kicked off the week by announcing a six-percent reduction in global work force, following disappointing fourth quarter financials. The company will go into greater detail on today’s earnings call, but a preliminary statement issued this morning details the loss of 110 jobs, as part of a “reorganization of its business” designed ...
  • BRIEF-Mueller Water Products to acquire Singer Valve * Mueller Water Products Inc – deal for c$34 million in cash. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • Walgreens pushes Rite Aid deal close by 6 months, reduces offer price Jan 30 (Reuters) – Walgreens Boots Alliance Inc said its deal to buy smaller rival Rite Aid Corp will now close six months later than expected and could include the divestiture of up to 1,200 stores… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • BRIEF-H.B. Fuller company acquires Wisdom Worldwide Adhesives * Says H.B. Fuller expects transaction to be modestly accretive to earnings in first year Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in ...
  • UPDATE 1-Tempur Sealy terminates contracts with Mattress Firm Holdings Jan 30 (Reuters) – Mattress maker Tempur Sealy International Inc said it terminated its contracts with U.S. mattress retailer Mattress Firm Holdings Corp, after disagreements over changes, which… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • BRIEF-Harvest Partners SCF acquires minority stake in GPM Investments LLC * Harvest Partners SCF, LP acquires minority ownership stake in GPM Investments, LLC Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • Intesa’s bold gamble stuns cosy club of Italian finance * Complex deal would reshape Italian finance but faces hurdles Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • Chinese battery maker CATL buys stake in Finnish car supplier HELSINKI, Jan 30 (Reuters) – Chinese battery maker Contemporary Amperex Technology Limited (CATL) has bought a 22 percent stake in Finnish auto supplier Valmet Automotive to expand in the European… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Frontline bids for DHT, aims to make largest listed tanker firm * Has approached DHT Holdings with a non-binding proposal for a possible business combination where Frontline would acquire all outstanding shares of common stock of DHT in a stock-for-stock… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 2-UK Stocks-Factors to watch on Jan 30 Jan 30 (Reuters) – Britain’s FTSE 100 index is seen opening down 28 points at 7,156 on Monday, according to financial bookmakers, with futures down 0.4 percent ahead of the cash market open. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • CSX, outgoing Canadian Pacific CEO in settlement talks – WSJ Jan 29 (Reuters) – U.S. railroad operator CSX Corp is discussing a settlement with Hunter Harrison, the outgoing chief executive of Canadian Pacific Railway Ltd, and activist investor Paul Hilal… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • UPDATE 3-Shares in British engineering group WS Atkins rally on merger talk * CH2M approaches Atkins over potential $4 bln merger -the Times Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • PRESS DIGEST- British Business – Jan 30 Jan 30 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • CH2M approaches Britain’s WS Atkins for $4 bln merger -Times Jan 29 (Reuters) – WS Atkins Plc, a British engineering and design consultancy, has been approached by U.S. company CH2M for a possible $4 billion merger, the Times reported. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • BRIEF-CH2M approached WS Atkins about a possible $4 bln merger- Times * CH2M has approached its UK competitor WS Atkins about a possible $4 billion merger- Times,citing sources Source http://bit.ly/2jteHJK Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • BRIEF-DHT Holdings recieves offer from Frontline to acquire all of its outstanding shares * DHT Holdings, inc. Announces receipt of non-binding proposal, adopts one-year shareholder rights plan Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • REFILE-UPDATE 2-Canada’s Saputo seeks to mop up Australia’s Warrnambool Cheese and Butter SYDNEY, Jan 30 (Reuters) – Canadian dairy company Saputo Inc said on Monday it will make an all-cash takeover offer for the 12 percent of Australia’s Warrnambool Cheese and Butter it does not… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • Canada’s Saputo makes bid for rest of Australia’s Warrnambool Cheese and Butter SYDNEY, Jan 30 (Reuters) – Canadian diary company Saputo Inc said on Monday it will make an all-cash takeover offer for the 12 percent of Warrnambool Cheese and Butter it does not already own,… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • BRIEF-Jacobs acquires Aquenta Consulting in Australia * Jacobs Engineering Group Inc -220-person business has been acquired from Amec Foster Wheeler, which has owned Aquenta, since 2010 Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share ...
  • Keysight Technologies nears acquisition of Ixia -sources Jan 29 (Reuters) – Keysight Technologies Inc, a provider of software and equipment to the electronics industry, is nearing a deal to acquire U.S. data technology company Ixia for more than $1.6… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • CORRECTED-Snapchat to reveal financials within a week – sources Jan 27 (Reuters) – Snap Inc, the secretive technology company that owns the popular messaging service Snapchat, is due to reveal its financials within a week as it moves toward its eagerly awaited… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • Snap will reportedly file publicly for its massive IPO late next week  Snap — the makers of Snapchat — had confidentially filed for its IPO late last year, but it looks like we’ll be getting a look at the inner guts of the company’s financials and workings as early as late next week. The company will file publicly for its initial public offering late next week, according ...
  • BRIEF-Royal Bank Of Canada announces share repurchase program as part of its normal course issuer bid * Royal Bank Of Canada announces specific share repurchase program as part of its normal course issuer bid Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • UPDATE 1-Pharol shuns creditor reorganization plan for Oi as Elliott eyes deal SAO PAULO, Jan 27 (Reuters) – The largest shareholder in Oi SA will oppose any alternate reorganization plan that does not come from within the debt-laden Brazilian phone carrier, which is struggling… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • Swedish ex-finance minister and tycoon named suspects in bribery case STOCKHOLM, Jan 27 (Reuters) – Fredrik Lundberg, one of Sweden’s most powerful tycoons, and former finance minister Anders Borg have been questioned by prosecutors as suspects in a bribery probe. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Mallinckrodt completes sale of its Nuclear Imaging Business to IBA Molecular * Mallinckrodt completes sale of its nuclear imaging business to IBA Molecular for approximately $690 million Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • McDonald’s to sell Nordic restaurants to Terra Firma founder Jan 27 (Reuters) – The world’s largest fast-food retailer McDonald’s Corp said it would sell its Nordic restaurants to British equity firm Terra Firma Capital Partners Ltd’s founder and chairman Guy… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • UPDATE 1-Canada pension fund, U.S. buyout firms eye DH Corp * DH said received approaches in December (Adds shares, further details on approaches) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • Four food firms prepare bids for British cereal maker Weetabix – sources LONDON, Jan 27 (Reuters) – America’s third-biggest cereal company, Post Holdings, and the UK’s Associated British Foods are among a group of four bidders vying for British cereal brand Weetabix,… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • Verizon bondholders want more in debt exchange after M&A rumors NEW YORK, Jan 27 (IFR) – Holders of Verizon Communications debt are pushing the company to amend terms on an exchange offer for nearly US$30bn of debt following reports that it could buy cable… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • CPPIB, U.S. private equity firms eye Canada’s DH Corp TORONTO, Jan 27 (Reuters) – Canada Pension Plan Investment Board and several U.S. private equity firms are interested in acquiring Canadian financial technology services provider DH Corp, according… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • BRIEF-Dundee Acquisition Ltd. shareholders approve qualifying acquisition * Dundee Acquisition Ltd. shareholders approve qualifying acquisition Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Pinterest (Opens ...
  • EU mergers and takeovers (Jan 27) BRUSSELS, Jan 27 (Reuters) – The following are mergers under review by the European Commission and a brief guide to the EU merger process: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in ...
  • Deals of the day-Mergers and acquisitions Jan 27 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • Bitcoin firm gets approval to operate in Switzerland ZURICH, Jan 27 (Reuters) – Bitcoin wallet provider Xapo said it has received conditional approval from Switzerland’s financial market watchdog to operate in the country in a regulatory breakthrough… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • CORRECTED (OFFICIAL)-Odebrecht says willing to sell Peru projects amid govt pressure LIMA, Jan 27 (Reuters) – Brazilian construction company Odebrecht said on Friday it was willing to sell off its remaining contracts with Peru as it faces a massive graft inquiry and calls from the… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • UPDATE 1-Harris Corp to sell govt. IT services unit for $690 mln Jan 27 (Reuters) – Harris Corp, whose technology is used by the U.S. defense, said it would sell its government IT services business to an affiliate of private equity investment firm Veritas Capital… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • BRIEF-Home POINT FINANCIAL to acquire Stonegate Mortgage Corp * Home Point Financial to acquire Stonegate Mortgage corporation Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Pinterest ...
  • BRIEF-Endurance’s shareholders in favor of proposed merger with Volcano International Limited * Endurance announces results of special general meeting of shareholders in connection with acquisition by SOMPO Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • BRIEF-FactSet strengthens global wealth management offering, agrees to acquire Interactive Data Managed Solutions * FactSet Research Systems Inc – Deal to have an immaterial impact to diluted EPS Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in ...
  • BRIEF-Dunes Point Capital announces the acquisition of Power Distribution from Smiths Group PLC * Dunes Point Capital, LLC announces the acquisition of Power Distribution, Inc. from Smiths Group PLC Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...
  • Bosch posts slide in 2016 profits on investments in e-mobility STUTTGART, Jan 27 (Reuters) – German car parts maker Bosch reported a slide in profits for 2016 as it invested in the development of products for connected and electric vehicles. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • UPDATE 1-Alliance Trust to buy back shares owned by US activist fund Elliott * Shares up 0.4 pct on Friday by 0805 GMT (Adds Elliott statement, shares) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in ...
  • UPDATE 3-UK Stocks-Factors to watch on Jan 27 Jan 27 (Reuters) – Britain’s FTSE 100 futures were up 0.3 percent ahead of the cash market open on Friday. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • BRIEF-Europcar Group acquires GuidaMi by Ubeeqo * Europcar Group pursues its expansion in the carsharing market with the acquisition of GuidaMi by Ubeeqo Source text for Eikon: Further company coverage: (Gdynia Newsroom) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • BRIEF-Activist investor elliott says welcomes the opportunity to participate in alliance trust buyback Activist Investor Elliott Says Welcomes The Opportunity To Participate In Alliance Trust Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • BRIEF-Sopra Steria raises its stake in Cassiopae to 100 pct * Sopra Steria raises its stake in Cassiopae to 100 pct Source text for Eikon: Further company coverage: (Gdynia Newsroom:) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • PRESS DIGEST – Wall Street Journal – Jan 27 Jan 27 (Reuters) – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • Digital Bridge to acquire Vantage Data Centers for $1 bln -sources Jan 26 (Reuters) – Digital Bridge Holdings LLC, a firm that invests in data centers, has agreed to acquire Vantage Data Centers Management Co LLC from buyout firm Silver Lake Partners for well over… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • BRIEF-Alignvest Acquisition obtains final order of qualifying for transaction with Trilogy International Partners * Alignvest Acquisition Corporation obtains final order of qualifying for transaction with Trilogy International Partners LLC Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in ...
  • PRESS DIGEST- British Business – Jan 27 Jan 27 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • American Airlines, Qantas may revive JV plan under Trump BEIJING/SYDNEY, Jan 27 (Reuters) – American Airlines Group Inc and Australia’s Qantas Airways Ltd may reapply to the U.S. Transportation Department for permission to coordinate prices and flight… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on ...
  • Hollywood effects firm Deluxe Entertainment looks to China for deal Jan 26 (Reuters) – Deluxe Entertainment, a U.S. company which makes visual effects for Hollywood movies and television shows such as HBO’s Game of Thrones, said it had hired an investment bank to… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • Finish Line to sell JackRabbit business to CriticalPoint Capital Jan 26 (Reuters) – Sportswear retailer Finish Line Inc said on Thursday it would sell its unprofitable JackRabbit business to CriticalPoint Capital LLC, two months after announcing that it would… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • BRIEF-Finish line to exit JackRabbit * Has entered into a definitive agreement with affiliates of Criticalpoint Capital Llc Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • UPDATE 1-Lionsgate in talks to sell Epix stake to MGM, Viacom -sources Jan 26 (Reuters) – Lionsgate has initiated talks to sell its stake in Epix to the premium U.S. cable channel’s other two shareholders, MGM Holdings Inc and Paramount, a unit of Viacom Inc, according… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • BRIEF-Platinex acquires strike extension along historic gold structure in Ontario * Platinex acquires strike extension along historic gold structure in asquith township near shining tree, Ontario Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click ...
  • PayPal continues to see strong revenue growth  PayPal reported fourth quarter earnings after the bell on Thursday, and they were just what investors were expecting. The stock was flat in initial after-hours trading. Revenue came in at $2.98 billion, which is on par with analyst estimates and a 17% increase from last year. Adjusted earnings per share was 42 cents, which is also ...
  • Alphabet’s bets beyond search are starting to pay off  Google reported mixed earnings for its fourth quarter today — but we’re starting to see some flashes of improvement in its “other bets” category, which is where it stuffs pretty much everything that lives outside of Google proper. In the fourth quarter, Alphabet’s other bets recorded $262 million in revenue, a healthy jump from $150 ...
  • Lionsgate in talks to sell Epix stake to MGM, Viacom -sources Jan 26 (Reuters) – Lionsgate has initiated talks to sell its stake in Epix to the premium U.S. cable channel’s other two shareholders, MGM Holdings Inc and Paramount, a unit of Viacom Inc, according… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • UPDATE 3-Alibaba’s Ant Financial in overseas push with MoneyGram deal Jan 26(Reuters) – Ant Financial Services Group, the world’s largest financial technology company, said on Thursday that it would acquire U.S. money-transfer company MoneyGram International Inc for… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • Arthur Sadoun to take over as CEO of ad firm Publicis Groupe Jan 26 (Reuters) – Arthur Sadoun will take over as chief executive of advertising company Publicis Groupe SA from longtime CEO Maurice Levy on June 1, the company said on Thursday. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • Geely’s Lynk plans 2019 U.S., Europe car launch, eyes Trump tax NEW ORLEANS, Jan 26 (Reuters) – Chinese automaker Geely Automobile Holdings Ltd, the owner of Volvo cars, plans to roll out its mid-priced Lynk & Co brand in the United States and Europe in early… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • Italy’s Banco BPM explores sale of asset manager Aletti -sources LONDON/MILAN, Jan 26 (Reuters) – Newly-fomed Banco BPM is considering a sale of its asset manager Aletti Gestielle SGR as it seeks to “optimise” the Italian bank’s assets, sources told Reuters on… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • Walgreens working to finalize Rite Aid deal, clear antitrust hurdles WASHINGTON, Jan 26 (Reuters) – The chief executive of Walgreens Boots Alliance Inc said Thursday that the biggest U.S. drug store chain was pressing on with its purchase of smaller Rite Aid Corp,… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • BRIEF-LVMH CEO silent on Italy’s Marcolin stake plan Jan 26 (Reuters) – Lvmh Chairman and CEO Bernard Arnault tells a news conference: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • M&A boost helps European shares stay at one-year high * But results at Daily Mail, Unilever disappoint (Adds details, closing prices) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • UPDATE 1-Comcast profit, subscriber additions top estimates; stock up Jan 26 (Reuters) – Comcast Corp on Thursday reported quarterly profit and revenue that topped estimates as the No. 1 U.S. cable operator posted higher sales from its NBCUniversal cable channels and… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new ...
  • Impact on banks from Britain’s vote to leave the EU Jan 26 (Reuters) – Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country’s exit from the European Union, posing a risk… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • UPDATE 1-Alibaba affiliate Ant Financial agrees to buy MoneyGram Jan 26 (Reuters) – Ant Financial Services Group, an affiliate of Chinese e-commerce firm Alibaba Group Holding Ltd , said on Thursday it would buy U.S. money-transfer company MoneyGram International… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-J&J has two-year agreement on stake in R&D company * J&J says on investor call it has two year agreement not to sell on the open market any equity stake in actelion research and development unit Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • UPDATE 1-Dow Chemical profit beats estimates as consumer focus pays off Jan 26 (Reuters) – Seeds and chemical maker Dow Chemical Co reported a better-than-expected quarterly adjusted profit, helped by its focus on consumer markets such as agriculture and automotive, and… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • BRIEF-Mckesson announces purchase of CoverMyMeds * McKesson announces purchase of CoverMyMeds, a Francisco Partners portfolio company Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • BRIEF-Baker Hughes Q4 adjusted non-gaap loss per share $0.30 * Q4 earnings per share view $-0.11 — Thomson Reuters I/B/E/S Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share ...
  • Qatar investment in Russia to bolster OPEC, non-OPEC ties – Barkindo MOSCOW, Jan 26 (Reuters) – Qatar’s investments in Russia will further strengthen ties between the Organization of the Petroleum Exporting Countries and non-member oil producers,… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens ...
  • UPDATE 1-Sky operating profit dips on higher soccer costs LONDON, Jan 26 (Reuters) – Sky, the European pay-TV group that has accepted a buyout offer from shareholder Rupert Murdoch, reported a 9 percent drop in first-half operating profit after a jump in… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • UPDATE 3-Johnson & Johnson to buy Actelion for $30 bln, spin off R&D unit * J&J says deal immediately accretive to adjusted EPS (Adds latest shares, $1 bln cash for R&D unit, further context) Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in ...
  • UPDATE 1-Johnson & Johnson to buy Actelion for $30 bln ZURICH, Jan 26 (Reuters) – Swiss biotech company Actelion said on Thursday it had agreed to be purchased by Johnson & Johnson in a $30 billion all-cash deal, following weeks of speculation a deal… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • J&J to buy Actelion for $30 billion ZURICH, Jan 26 (Reuters) – Swiss biotech company Actelion said on Thursday it had agreed to be purchased by Johnson & Johnson in a $30 billion deal. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • PRESS DIGEST – Wall Street Journal – Jan 26 Jan 26 (Reuters) – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • BRIEF-Agrium sees US corn plantings 90-92 million acres in 2017 Jan 25 (Reuters) – Agrium Inc CEO Chuck Magro, speaking at CIBC investor conference in British Columbia: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • UPDATE 2-Mexico’s Jose Cuervo tequila IPO aims to raise over $700 mln MEXICO CITY, Jan 25 (Reuters) – Mexican tequila maker Jose Cuervo will seek to raise more than $700 million in an initial public offering, with Singapore’s Temasek Holdings Ltd taking 20 percent of… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • REFILE-Cisco AppDynamics deal seeks to boost ratio of software revenue Jan 25 (Reuters) – Cisco Systems Inc’s decision to acquire software startup AppDynamics for $3.7 billion, nearly double the private-market valuation, reflects Cisco’s struggles in building its… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • UPDATE 1-AltaGas to buy WGL in C$8.4 bln deal in gas distribution push Jan 25 (Reuters) – Canadian energy infrastructure company AltaGas Ltd said it would buy U.S.-based WGL Holdings Inc in a deal valued at C$8.4 billion ($6.42 billion), the latest company pushing… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • UPDATE 2-Trump names Ohlhausen as acting chair of Federal Trade Commission WASHINGTON, Jan 25 (Reuters) – Commissioner Maureen Ohlhausen, a Republican on the Federal Trade Commission, has been named the FTC’s acting chairman, the agency said on Wednesday. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • BRIEF-AT&T CFO says “confident” that Time Warner deal will be approved * AT&T CFO says going to be careful with DirecTV Now expectations – conf call Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • Qualcomm reaffirms it will continue to supply Apple during its legal dispute  Qualcomm CEO Steve Mollenkopf said today on the company’s call accompanying its first-quarter earnings report that Qualcomm would continue to work with Apple as a supplier despite a major legal battle happening between the two companies. “We intend to remain a good supplier to Apple even while this dispute continues,” Mollenkopf said on the company’s first-quarter… ...
  • BRIEF-United Rentals to acquire NES Rentals * United Rentals Inc -deal expected to be broadly accretive with substantial synergies Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • UPDATE 3-AT&T’s results match Street expectations, smartphone subscriber base grows Jan 25 (Reuters) – AT&T Inc, the No. 2 U.S. wireless carrier, reported quarterly results that matched analysts’ estimates, as it added more smartphone customers in a saturated wireless market, and… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in ...
  • UPDATE 2-McKesson’s revenue misses as pace of drug price hikes slow Jan 25 (Reuters) – Drug distributor McKesson Corp’s quarterly revenue missed estimates due to slowing pace of branded drug price increases amid rising concerns over soaring prices of medicines. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 1-United Rentals to buy NES Rentals for $965 mln Jan 25 (Reuters) – United Rentals Inc, the world’s largest equipment rental company, said on Wednesday it would buy NES Rentals Holdings II Inc for about $965 million in cash. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • EBay meets investor expectations for holiday quarter  EBay reported its fourth quarter earnings for the bell. Investors were closely watching the holiday quarter to see if it met expectations, which it did. The stock rose 7% in initial after hours trading. Gross merchandise volume, a metric of that shows the total dollar value of all purchases on eBay’s platforms, came in at ...
  • Democratic senators want AT&T to detail Time Warner deal benefits WASHINGTON, Jan 25 (Reuters) – Thirteen Democratic senators on Wednesday asked AT&T Inc to explain how its planned $85.4 billion takeover of Time Warner Inc is in the public interest, as the company… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn ...
  • BRIEF-Sumitomo Chemical to buy out its JV with Trinseo – Nikkei * Sumitomo Chemical to buy out its joint venture with America’s Trinseo for tens of millions of dollars – Nikkei Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • BRIEF-Eldorado Resorts’, Isle of Capri Casinos’ shareholders approve Eldorado’s acquisition of Isle of Capri * Shareholders of Eldorado Resorts and Isle of Capri Casinos vote to approve Eldorado’s acquisition of Isle of Capri Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share ...
  • RBC woos three senior financials bankers from Deutsche Bank Jan 25 (Reuters) – RBC Capital Markets has hired three senior Deutsche Bank AG bankers who focus on advising banks, according to an internal memo from the Canadian firm. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • BRIEF-Relevium Technologies says engaged with exchange to ensure fluidity for BioGanix deal * Had executed a binding letter of intent to acquire assets of BioGanix Limited Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • BRIEF-European Commission clears Abbott acquisition of Alere * Alere inc – “We remain highly confident that merger will close according to terms of agreement” with Abbott Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens ...
  • BRIEF-Freeport Indonesia mine would need to cut output by mid-Feb if no export license – CEO Jan 25 (Reuters) – * Better Demand, Low Inventories And Future Deficits Point To “Bright Future” For Copper – Freeport-mcmoran CEO Richard Adkerson says Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share ...
  • UPDATE 1-Peru’s Grana says it plans to sell $300 mln in assets LIMA, Jan 25 (Reuters) – Grana y Montero , Peru’s largest construction group, said Wednesday that it would ask its board to approve the sale of $300 million in assets to help it meet its obligations… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on ...
  • Poland signs agreement with France’s DCNS to work on building submarines WARSAW, Jan 25 (Reuters) – Poland’s state-run defence firm PGZ has signed a memorandum of understanding with French military shipbuilder DCNS that could allow them to work together on building… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to ...
  • EU clears Abbott acquisition of Alere subject to divestments BRUSSELS, Jan 25 (Reuters) – European Union antitrust regulators cleared Abbott Laboratories’ proposed $5.8 billion acquisition of diagnostic test maker Alere on Wednesday, subject to the divestment… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • BRIEF-SL Green sells Tarrytown NY office property * SL Green Realty Corp – deal for $21 million Source text for Eikon: Further company coverage: Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens ...