Business News
HPE could mitigate impact of future U.S. tariffs, CEO says
Hewlett Packard Enterprise Co can boost manufacturing at its facility in Wisconsin if trade tensions with China escalate, Chief Executive Antonio Neri said on Monday.
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Business News
Fox preparing to top Comcast offer for Sky: FT
Twenty-First Century Fox Inc is preparing a new bid for Sky Plc that values it at about 25 billion pounds ($33.14 billion) to top the offer it has received from Comcast Corp , the Financial Times reported on Monday.
Business News
BlackRock expands in Paris with new hires ahead of Brexit, source says
BlackRock has increased its staff in Paris and is seeking to set up an alternative investment management business there, a source close to the company said on Monday, in another sign of the French capital’s increasing post-Brexit appeal.
Business News
Siemens, Alstom deal faces full-scale EU antitrust probe: sources
Siemens and Alstom are set to face a full-scale EU antitrust investigation this week after declining to provide concessions to allay regulatory concerns about their plan to combine their rail operations, two people familiar with the matter said.
Business News
Twitter says removal of fake accounts does not hurt user metrics
Twitter Inc said on Monday it has removed fake accounts but that does not impact its reported user metrics as was indicated in a report by The Washington Post.
Business News
Bank rally helps Wall Street as investors await strong earnings
U.S. stocks rose on Monday, with banks and industrial stocks driving a third day of gains on Wall Street as investors looked ahead to a strong quarterly earnings season, setting aside trade concerns.
Business News
China’s CATL to build its first European EV battery factory in Germany
Chinese battery maker Contemporary Amperex Technology Ltd (CATL) will build its first production site in Europe in Germany, agreeing a major contract with BMW to supply lithium-ion batteries.
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Groupon soars on takeover talk; Starbucks in focus; Amazon Prime Day details; Disney’s ‘Ant Man and the Wasp’ tops box office
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday. …read more […]
Business News
U.S. mergers help bank fees spike to record highs
NEW YORK (LPC) – A record US$1.45trn of US syndicated lending to companies for acquisitions, leveraged buyouts, dividends and refinancing in the first half of the year has propelled bank fees from arranging the loans to all-time highs.
Business News
Comcast lining up buyers for Fox sports assets: sources
Comcast Corp is identifying potential buyers for Twenty-First Century Fox Inc’s regional sports networks in an attempt to ease antitrust concerns about a new bid to acquire most of Fox’s assets, people familiar with the matter told Reuters.
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Twitter shares fall after report says account suspensions to cause user decline
The slump wiped about $3 billion (2.3 billion pounds) from the microblogging site’s market valuation, which had stood at about $35 billion (26.5 billion pounds) on Friday. Twitter shares were last down 8.6 percent at $42.62. Twitter declined to confirm the figures reported by the Washington Post. …read more […]
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Correction: Teva-US-HQ Move story
TRENTON, N.J. (AP) — In a story July 6 about Teva Pharmaceuticals moving its U.S. headquarters to New Jersey, The Associated Press erroneously reported the amount in tax credits the firm is receiving. The state’s Economic Development authority approved about $40 million in credits over 10 years, not about $4 million in total credits over that period. …read more […]
Business News
U.S. appeals court upholds Volkswagen’s $10 billion diesel settlement
A federal appeals court on Monday upheld Volkswagen’s $10.03 billion settlement with the owners of nearly 500,000 polluting diesel vehicles announced in 2016.
Business News
Twitter shares fall after report says account suspensions to cause user decline
Shares of Twitter Inc fell 9 percent on Monday after a report said the social media company had suspended more than 70 million fake accounts in May and June, which could lead to a decline of monthly active users in the second quarter.
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Cleveland Cavaliers billionaire owner runs more than 100 companies
Dan Gilbert runs an empire. He makes many of his public appearances as the billionaire owner of the NBA’s Cleveland Cavaliers, but he’s also the chairman and founder of Rock Ventures, his holding company for over 100 businesses, including the Cavs, the real-estate company Bedrock that’s transforming downtown Detroit, and the company that first brought him major success, the mortgage lender Quicken Loans. …read more […]