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Deutsche Bank and Commerzbank merger talks are expected to fail: source

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FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) – Merger talks between Germany’s top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the matter said on Thursday. No final decision has been taken, Read More

Occidental offers $38 billion for Anadarko, topping Chevron

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HOUSTON (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion, or $57 billion including debt, for Anadarko Petroleum Corp, a bid that topped an offer by Chevron Corp. FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Read More

S&P 500 hovers below record highs on mixed earnings

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(Reuters) – U.S. stocks hovered below their all-time highs on Wednesday, as investors digested a mixed batch of earnings reports and losses in energy stocks limited gains on the indexes. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid The S&P 500 is Read More

Nasdaq hits record, S&P nears all-time high on upbeat earnings

1 day ago DieselGasoil Comments Off on Nasdaq hits record, S&P nears all-time high on upbeat earnings
(Reuters) – The S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart from a largely upbeat earnings season. FILE PHOTO: A trader speaks to a floor official on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Related to buy AT&T’s WarnerMedia headquarters for $2.2 billion

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FILE PHOTO: The Hudson Yards development, a residential, commercial, and retail space on Manhattan’s West side, during the grand opening in New York City, New York, U.S., March 15, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Developer Related Companies said on Tuesday one of its affiliates has agreed to buy the global headquarters of Read More

Wall Street set for flat open after Boeing, Caterpillar earnings

2 days ago DieselGasoil Comments Off on Wall Street set for flat open after Boeing, Caterpillar earnings
(Reuters) – Wall Street was set to open flat on Wednesday after a record-setting rally in the previous session, as investors assessed quarterly reports from industrial bellwethers Boeing and Caterpillar. FILE PHOTO: A trader speaks to a floor official on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 23, Read More

Bayer bosses facing shareholder reckoning over Monsanto deal as cancer lawsuits mount

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German Pharmaceutical giant Bayer is running into mounting shareholder opposition ahead of its annual meeting on Friday. The company’s investors are faulting management for failing to foresee the risks of its biggest deal ever. A growing number of shareholders have said they won’t support executives and supervisory board members in the upcoming no-confidence vote. The Read More

Occidental makes Anadarko bid, seeks to derail Chevron deal

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By Simon Casey and Kevin Crowley on 4/24/2019 NEW YORK and HOUSTON (Bloomberg) — Occidental Petroleum is starting a bidding war for Anadarko Petroleum, making a $38 billion counteroffer in attempt to break up the proposed takeover by Chevron. Occidental said Wednesday it’s offering $76/share in cash and stock, a premium of about 20% over Read More

Aviva’s UK insurance boss to step down, management review to begin

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FILE PHOTO: A man walks past an AVIVA logo outside the company’s head office in the city of London March 5, 2009. British life insurer Aviva on Thursday said it was maintaining its dividend, soothing concerns the payout could be cut to conserve capital, and reported annual profits that broadly met forecasts. REUTERS/Stephen Hird LONDON Read More

Will the Benettons use Alitalia to fly in from the cold?

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MILAN/ROME (Reuters) – Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said. FILE PHOTO: An Alitalia Airbus A320-200 airplane comes in to land at Fiumicino Read More