Month: April 2019

(This April 11 story has been refilled to add dropped word ‘part of’ in headline)

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The European Commission said on Friday it had approved Japanese firm Nidec’s planned purchase of U.S. white goods maker Whirlpool Corp’s compressor subsidiary Embraco, subject to conditions.

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Germany’s Merck KGaA sealed a $6.5 billion takeover deal with Versum Materials after overturning a deal it had agreed with rival bidder Entegris.

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The chief executive of luxury race car maker Ferrari said on Friday he was confident about meeting the targets of a business plan through 2022 despite a backdrop of uncertainties.

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Occidental Petroleum Corp submitted a cash-and-stock bid worth $70 per share for Anadarko Petroleum Corp, a source familiar with the matter said on Friday.

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Fiat Chrysler gave an upbeat forecast for 2019 after a tricky end to last year and a slow start to this one, confirming the carmaker was on track to meet its targets and easing fears of a slowdown on the North American market.

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U.S. stocks opened higher on Friday, helped by better-than-expected results from JPMorgan, a $33 billion energy deal and signs of stability in Chinese economy.

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Occidental Petroleum had offered more than $70 per share to buy Anadarko Petroleum Corp, CNBC reported on Friday, citing sources.

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The U.S. National Highway Traffic Safety Administration has opened a probe into potential unintended braking in 675,000 2017-2018 Nissan Motor Co Ltd Rogue vehicles, the agency said in a statement on Friday.

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Global economic growth is slowing, according to the International Monetary Fund, policymakers and hundreds of economists polled by Reuters – but that downturn is coming at a time when central banks’ arsenals are running on empty.

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Bayer said on Friday it would comply with a U.S. federal judge’s order to enter mediation with a plaintiff who claims the company failed to warn against an alleged cancer risk from its Roundup weedkiller.

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Signs of stabilization in China’s economy and a weaker dollar helped oil markets to their best run in more than three years on Friday, while global stocks edged up after JP Morgan’s results began the corporate earnings season in style.

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Wells Fargo & Co reported a 16.4 percent jump in quarterly profit on Friday, as the lender reaped the benefits of its aggressive cost-cutting efforts.

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Chevron Corp on Friday said it will buy Anadarko Petroleum Corp for $33 billion in cash and stock to bolster its position in shale oil and the liquid natural gas (LNG) market with the biggest industry merger since Royal Dutch Shell bought BG Group in 2016.

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JPMorgan Chase & Co posted a better-than-expected quarterly profit on Friday, easing fears that slowing economic growth could weigh on its results.

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