Month: May 2020

Uber Technologies Inc.’s (UBER) latest stock offer for rival food delivery company GrubHub Inc. (GRUB) is said to have been rejected as merger talks continued over the weekend.The Wall Street Journal reported that talks between Grubhub Chief Executive Officer Matt Maloney and Uber CEO Dara Khosrowshahi on Sunday indicated that Uber’s latest offer of 1.9 of its shares for each GrubHub share is too low. Khosrowshahi said he might see room to bump up the offer to 1.925 Uber shares. However, that is still well below the price GrubHub had been seeking, the report said.Discussions are still ongoing with an …read more […]

May.18 — Ryanair Holdings Plc Chief Executive Officer Michael O’Leary says that support by German and French governments for their airline industries is “illegal” and will “distort the market.” He made the comments after Europe’s biggest low-cost carrier boosted its liquidity with a 600 million-pound ($726 million) loan backed by the U.K. government. He speaks on “Bloomberg Markets: European Open.” …read more […]

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But the airline says it will weather the coronavirus crisis and emerge stronger afterwards. …read more […]

May.18 — April’s rally in stock markets “was a classic case of a bear market rally,” according to Rebecca Chesworth, senior equities strategist at State Street Global Advisors. She speaks on “Bloomberg Markets: European Open.” …read more […]

(Bloomberg) — When English vineyards started producing sparkling wine that aficionados lauded as a rival to Champagne, Jack McIntyre took note.“England was suddenly growing grapes that typically grew in warmer climes,” said McIntyre, a three-decade investment veteran at Philadelphia-based Brandywine Global Investment Management. “No doubt temperatures are rising — how you properly price climate change in rates markets though, I have no answer for yet.”He’s not alone.Across continents, bond investors are struggling to answer what Deutsche Bank AG strategists dubbed “the question of our age” — how much societies are willing to sacrifice in economic growth to counter climate change, …read more […]