The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Sunday. The source, who spoke on condition of anonymity, confirmed information reported earlier by the Welt am Sonntag newspaper. The person said that first unofficial contacts have taken place in a very small group and that talks were at a very early stage.
Huawei Filed A Lawsuit Challenging A Law Signed By President Trump That Restricts Federal Agencies From Doing Business With The Chinese Company
Huawei Technologies Co. filed a lawsuit challenging a law signed by President Trump in August that restricts federal agencies from doing business with the Chinese company, the latest in a series of countermoves by the telecommunications giant.
The retailer was sued on Wednesday by Stanley Black & Decker Inc, which accused it of breach of contract and trademark infringement over its new line of professional-grade mechanics tools under the Craftsman Ultimate Collection brand.
Target delivered better-than-expected earnings during the critical holiday sales period as the retailer’s in-house brands and easy delivery options drew its strongest traffic and same-store sales growth in more than a decade. The company’s adjusted earnings per share hit a new record and its digital sales surged more than 25 percent for the fifth year in a row, even as its net income slid 26.5 percent.
Facebook Inc. and its photo-sharing app Instagram sued four companies and three people based in China for allegedly creating and selling fake online accounts, likes and followers that were used for misinformation campaigns and other scams.
AT&T Inc. Started Reorganizing Its WarnerMedia Unit, An Overhaul That Is Expected To Lead To Cost-Cutting And Layoffs
The company said it hired former NBC Entertainment Chairman Robert Greenblatt to be chairman of a newly created unit called WarnerEntertainment—which combines HBO and Turner’s entertainment operations—and Direct-to-Consumer, which includes the streaming service WarnerMedia plans on launching later this year.
Biogen Inc said on Monday it will buy Nightstar Therapeutics Plc for about $800 million in cash as the company looks to tap into a potentially lucrative gene therapy market.
U.S. buyout fund KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi’s iconic Universal Music division, a deal potentially worth up 20 billion euros ($22.73 billion).
Bank of America plans to remove the Merrill Lynch name from its trading and investment-banking operations, executives said Monday. It will also rebrand the bulk of its wealth-management business as simply Merrill.
A deal for Spark could be announced Monday—if not sooner—at a price tag of nearly $5 billion, some of the people said. That would represent a big premium, given Spark had a market value of just under $2 billion as of Friday’s close. As always, the deal could still fall apart before the companies manage to make it official.
Kraft Heinz said it faced unexpectedly higher costs last year, and it has seen significant pressure on the value of its brands since its $49 billion merger in 2015. The writedown caused Kraft Heinz to swing to a fourth-quarter loss, marking a striking reversal after several years of radical cost-management efforts and higher profit margins that were seen as a model for the packaged-food industry.
Lyft Inc Plans To Launch The Roadshow For Its Initial Public Offering (IPO) During The Week Of March 18
Lyft now expects to be valued at between $20 billion and $25 billion in its IPO, the sources said, adding that the roadshow is expected to last for about two weeks. The sources cautioned that the plans were still subject to change and market conditions.