Business / page 5

  • 31.08.2020
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Costco buys logistics firm Innovel for $1 billion

Costco Wholesale Corp. said on Tuesday it had acquired Innovel Solutions for $1 billion, as the membership-only retailer beefs up its final-mile delivery of bulky products across the United...

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  • 31.08.2020
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French Insurer AXA Agrees to Buy XL Group for $15.3 Billion

Offer for rival is at about 33% premium from Friday’s close Financing to come from cash at hand, U.S. IPO earnings, debt

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  • 31.08.2020
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Google to spend $1 billion on new campus in New York

Alphabet Inc’s Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand a...

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  • 31.08.2020
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Carlsberg to expand France brewery, its largest in Europe

Carlsberg said on Wednesday it will increase capacity its Kronenbourg brewery in Obernai, France, its largest in Europe, with a 100 million euro ($117 million) investment.

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  • 31.08.2020
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Uber, Faraday Future, Twitter and others - which companies will die in 2018

Ars Technica publishes an annual list of companies and brands that are likely to die in the coming year. It includes projects that are threatened for a variety of reasons - economic, cultura...

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  • 31.08.2020
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CITIC to sell 22% stake in McDonald's China business to PE arm: sources

CITIC Ltd, the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22% stake in McDonald’s Corp’s mainland China and Hong Kong business, which is likely to be bo...

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  • 31.08.2020
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Exchange operator CME Group to buy Britain's NEX for $5.5 billion

U.S. exchange operator CME Group said on Thursday it had reached an agreement to buy Michael Spencer’s NEX Group, valuing the British firm at about 3.9 billion pounds ($5.5 billion) and crea...

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  • 31.08.2020
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Biggest Dubai Bank Courts Foreigners as It Plans Turkey Purchase

Emirates NBD to raise capital as it prepares bid for DenizBank Lender to increase its foreign ownership limit to 20% from 5%

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  • 31.08.2020
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Adidas to buy back up to 9 percent of share capital

Adidas plans to buy back up to 3 billion euros ($3.72 billion) of its shares by May 11, 2021, representing almost 9 percent of its share capital, it said on Tuesday, including up to 1 billio...

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  • 31.08.2020
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ArcelorMittal stands by $1 billion Mexico pledge despite trade threats

ArcelorMittal, the world’s largest steelmaker, has not changed its plan to invest $1 billion dollars in a new production line in Mexico, a spokesman said on Friday, despite uncertainty aroun...

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  • 31.08.2020
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Billionaire Seeks Buyer for Resort With World's Largest Indoor Rainforest

Tycoon working with adviser to gauge potential buyer interest Malaysia’s fourth-richest person focusing back on home market

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  • 21.01.2021
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  • Reuters.com
Nuveen Asset Manager Withdraws From Sanction-Affected Chinese Companies

Nuveen, TIAA's $ 1.1 Trillion Asset Management Division, Has Done Its Assets In Chinese Companies That Will Be Closed To US Investors Due To Recent Sanctions

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  • 31.08.2020
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China and U.S. to hold trade talks in Beijing on January 7-8

China and the United States will hold vice ministerial level trade talks in Beijing on Jan. 7-8, as the two sides look to end a dispute that is inflicting increasing pain on both economies a...

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  • 31.08.2020
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The founder of IKEA Ingvar Kamprad died

In Sweden, founder of the IKEA furniture stores network Ingvar Kamprad died. This was reported by the company's representatives.

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  • 31.08.2020
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Japan's Takeda clinches $62 billion deal to buy drugmaker Shire

Takeda Pharmaceutical agreed to buy London-listed Shire for 45.3 billion pounds ($61.50 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to secure a reco...

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  • 31.08.2020
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China could be the new owner of Venezuela's oil industry

Venezuelan oil production fell by another 10,000 barrels per day in March. The country's economy is already in bad shape, experiencing hyperinflation. Venezuela could hand over more contro...

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  • 31.08.2020
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Salesforce in talks to buy ClickSoftware for $1.5 billion: report

Salesforce.com is in talks to acquire U.S.-Israeli software developer ClickSoftware Technologies for around $1.5 billion, the Calcalist financial news website reported on Wednesday.

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  • 31.08.2020
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Euronext Makes $712 Million Takeover Offer for Oslo Bourse

Major Oslo stock exchange shareholders had sought a buyer. Norway will be Euronext’s 3rd-biggest country if deal happens.

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  • 31.08.2020
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SoftBank in Talks to Buy Stake in Reinsurance Giant Swiss Re

Zurich-based company says talks are at a very early stage Reinsurance is a way to tap into long-term cash flows

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  • 31.08.2020
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Oil major Total and Aramco sign $5 billion deal to build Jubail petrochemical complex

French oil and gas major Total on Tuesday signed a $5 billion deal with Saudi Aramco to build a giant petrochemical complex at their 440,000 barrels-per-day Jubail Satorp refinery.

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