Business News
Broadcom’s ambitious deal history under CEO Hock Tan
Broadcom Ltd made an $18.9 billion bid for software firm CA Inc on Wednesday, the latest in the company’s acquisition spree aimed at diversifying beyond semiconductors.
Year: 2018
Business News
German state premier opposes breakup of Thyssenkrupp
The premier of the German state where Thyssenkrupp is based on Thursday backed the company’s chairman in opposing a breakup of the industrial conglomerate following the resignation of CEO Heinrich Hiesinger.
Business News
EU unconditionally approves Ryanair purchase of LaudaMotion
The European Commission said on Thursday that it had approved Ryanair’s planned acquisition of LaudaMotion without conditions.
Business News
P&G says Canada denies tariff exemptions, many products hit
Many Procter & Gamble Co products sold in Canada – from Febreze candles to Gillette shaving foam – will be affected by retaliatory tariffs on U.S.-made goods after Canadian authorities rejected a request for exemptions, a P&G spokesman said on Wednesday.
Business News
U.S. DoJ will not challenge Aetna-CVS deal – report
Shares of CVS Health Corp and health insurer Aetna Inc rose more than 2 percent on Thursday after CNBC reported that the U.S. Justice Department will not challenge their planned merger.
Business News
Fed’s escape from crisis holdings could hit dead end
Not long ago the Federal Reserve expected to quietly shed nearly half of its $4.5-trillion portfolio by around 2022, leaving little trace of the extraordinary steps it took to face down the financial crisis. But an unexpected market kink could force the Fed to scrap the plan two or three years early and permanently leave it holding $1 trillion more than it wanted.
Trading Ideas
Why Shares of Papa John's International Jumped Today
The founder is leaving the company after the latest controversy. …read more […]
Business News
Trade war may steer tax cuts’ windfall to even more buybacks
The escalating trade war between the United States and China may prompt U.S. companies to shift money they had earmarked for capital expenditures into stock buybacks instead, pushing record levels of corporate share repurchases even higher.
Business News
U.S. would re-open trade talks if China makes major changes: Mnuchin
The United States and China could reopen talks on trade but only if Beijing is willing to make significant changes, U.S. Treasury Secretary Steven Mnuchin said on Thursday.
Trading Ideas
Shares of L Brands Drop 10% After Sales Data Fails to Impress
Although L Brands’ comparable sales increased in the five weeks ended July 7, it was a slow down from May’s results. …read more […]
Business News
House Speaker casts doubt on Congress acting to stop trade tariffs
U.S. House Speaker Paul Ryan said on Thursday that while he does not support President Donald Trump’s moves to impose tariffs on major U.S. trading partners’ goods, he questioned the wisdom of Congress taking legislative action to stop such sanctions.
Business News
Exclusive: Linde and Praxair to win EU antitrust nod for $83 billion deal – sources
Linde and Praxair will win approval regulatory clearance for their planned $83 billion merger after pledging to sell Praxair’s assets to boost a Japanese rival in Europe, two people familiar with the matter said on Thursday.
Business News
Tech stocks, industrials lead Wall Street higher
U.S stocks gained on Thursday, led by marquee technology stocks hitting record highs and a rebound in industrial stocks, as optimism of a strong earnings season offset fears about a U.S-China trade war.
Business News
Oil steadies despite IEA warning of spare capacity limits
Oil prices steadied on Thursday, but did not recover from sharp losses in the previous session despite the International Energy Agency’s (IEA) warning that the world’s oil supply cushion “might be stretched to the limit” due to production losses.
Business News
Tesla hits 200,000 cars, meaning lower tax credit for buyers
Tesla Inc has delivered 200,000 electric cars to buyers in the United States, a spokesperson said on Thursday, meaning tax credits will now begin to be lowered, while rivals such as Mercedes-Benz, BMW AG and Audi AG will bring electric models to the market with a full tax credit in place.