Janus Henderson said on Monday veteran bond manager Bill Gross, who joined the firm in late 2014, will retire and has decided to focus on managing his personal assets and charitable foundation.
As Siemens and Alstom face EU rejection of their plan to create a European rail champion to fight foreign rivals, the lesson for other companies is to play up the domestic benefits of their merger deals and be prepared to sell assets.
Norwegian bank DNB, the largest owner of Oslo Bors VPS, will continue to support Nasdaq’s bid for the stock market operator even if Euronext were to raise its rival offer, a spokesman said on Monday.
World stocks clung to near two-month highs on Monday, with the dollar strengthening and oil prices racing to a 2019 peak, though some European bourses struggled as momentum provided by U.S. employment and manufacturing data started to fade.
Starboard Value LP will make a $200 million investment in Papa John’s International Inc and the activist hedge fund’s chief executive officer will become the chairman of the troubled pizza chain, the company said on Monday.
Starboard Value LP will make a $200 million investment in Papa John’s International Inc and the activist hedge fund’s Chief Executive Officer will become the chairman of the pizza chain the Wall Street Journal reported on Monday, citing people familiar with matter.
An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to brighten their prospects.
(This Feb 1 story corrects headline to say only Toyota’s sales fell in January, not Fiat’s)
Stock markets operator Euronext said on Monday it may increase its offer for Oslo Bors VPS after Nasdaq made a higher rival bid.
Representatives from Britain’s biggest union Unite and Nissan are meeting on Monday after the Japanese carmaker scrapped plans to build its next-generation X-Trail model at its Sunderland plant in northern England.
Nasdaq’s bid for Norwegian stock market operator Oslo Bors VPS is better for the country’s capital market as well as for companies listed on the exchange than the rival offer made by Euronext, Oslo Bors CEO said on Monday.
World stocks remained near two-month highs on Monday with the dollar and oil chalking up gains, though some European bourses struggled as momentum from last week’s U.S. employment and manufacturing data bounce started to fade.
Danish logistics company DSV’s $4 billion-plus bid for Panalpina hit a roadblock on Monday when the Swiss freight forwarder’s top shareholder rejected the offer, saying Panalpina should stick to its own “consolidator strategy”.
The unlikely combination of freshwater fish and cannabis is producing outsized medical marijuana crops that Green Relief Inc aims to capitalize on, as the Canadian company plots a stock market listing and global expansion.
Julius Baer plans to axe 130-140 jobs, or around 2 percent of its workforce, as part of a cost-cutting plan announced on Monday, after a tough end to 2018 caused the Swiss private bank to scale back growth targets.
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