Deutsche Telekom has called a leadership meeting on Wednesday in expectation of U.S. regulatory approval of the proposed merger of its U.S. T-Mobile unit with rival Sprint , according to business daily Handelsblatt.
Philippines’ Jollibee Foods Corp (JFC) , a major Asian fast-food operator, said on Wednesday it had agreed to acquire U.S. brand Coffee Bean & Tea Leaf (CBTL) for $100 million as part of its rapid expansion outside its home market.
Deutsche Telekom has scheduled a meeting of senior management on Wednesday as it expects U.S. regulators to approve the proposed merger of its T-Mobile US with rival Sprint , according to business daily Handelsblatt.
Asian shares crept higher on Wednesday as the prospect of fresh Sino-U.S. trade talks drew a guarded welcome, while the euro hit lows on a range of counterparts amid speculation the European Central Bank was near to easing policy.
Luxury car maker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter.
French carmaker PSA Group delivered a sharp increase in first-half profit, as new models and the integration of Opel-Vauxhall more than made up for weaker emerging-market sales.
Deutsche Bank on Wednesday said the German company posted a larger-than-expected loss of 3.15 billion euros ($3.51 billion) in the second quarter due to major restructuring costs.
KKR & Co said it is buying Campbell Soup Co’s Australian snacks unit Arnott’s that will give it ownership of top-selling biscuit brands such as Tim Tam, in a deal local media reported was worth $2.2 billion.
Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter.
Deutsche Bank said on Wednesday that it posted a loss of 3.15 billion euros ($3.51 billion) in the second quarter as a result of costs for a major restructuring.
KKR & Co said it is buying Campbell Soup Co’s Australian snacks unit Arnott’s Biscuits that will give it ownership of top-selling cookie brands such as Tim Tam, in a deal local media reported was worth $2.2 billion.
Philippines’ Jollibee Foods Corp said on Wednesday it is buying U.S. brand Coffee Bean & Tea Leaf for $100 million.
Starbucks Corp said on Tuesday it would expand its partnership with Uber Eats to deliver food and coffee throughout the United States in early 2020.
U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe’s $500 billion trucking market.
Oil prices edged higher on Wednesday, extending gains as rising tensions with Iran fueled concerns about supply disruptions and as U.S. inventory data showed a much bigger than expected drop in crude stockpiles.
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