Explainer: Battle over Osram takes further twist
An unprecedented bidding war has erupted over German lighting group Osram , with private equity group Bain swapping partners to team up with Advent to prepare to outbid Austria's AMS .
An unprecedented bidding war has erupted over German lighting group Osram , with private equity group Bain swapping partners to team up with Advent to prepare to outbid Austria's AMS .
Nike Inc's online sales growth and a bullish outlook in China put it on a firm path for years to come and should help it easily ride out rises in U.S. import tariffs on its Chinese-made sneakers, Wall Street analysts said on Wednesday after a strong set of quarterly results.
EBay Inc said on Wednesday Chief Executive Officer Devin Wenig has stepped down and the e-commerce company named its finance head Scott Schenkel as interim CEO.
Elliott Management on Wednesday renewed its demand for Marathon Petroleum Corp to split into three companies, three years after the activist investor asked the refiner to review its operations and consider spinning off businesses.
Tobacco giants Philip Morris International and Altria Group have scrapped merger talks as Altria-backed e-cigarette maker Juul Labs sank deeper into crisis and said it would suspend advertising in the United States.
The United States is imposing sanctions on certain Chinese entities for knowingly transferring oil from Iran, U.S. Secretary of State Mike Pompeo said in what he called fresh actions to intensify pressure on Iran.
Boeing Co's board of directors said on Wednesday it created a new permanent safety committee to oversee development, manufacturing and operation of its aircraft and services in the aftermath of two fatal 737 MAX crashes.
Resist the urge to automatically sign up for the same workplace benefits. Your health-care coverage and insurance plans at work can bolster your household finances — if you choose the right plans.
German authorities have raided Deutsche Bank's Frankfurt headquarters and are searching for information related to Danske Bank and a money laundering scandal, Frankfurt prosecutors said on Wednesday.
Analysts have speculated that the Chinese government may want to wait for the outcome of what will be a contentious election before coming to terms with the U.S. on trade.
EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company's recently revamped board, which is looking to sell some of its businesses.
The chief executive of e-cigarette maker Juul stepped down on Wednesday, with his company beset by a regulatory backlash against vaping, and merger talks between its biggest investor Altria and Philip Morris collapsed.
Chicago Federal Reserve bank president Charles Evans said on Wednesday that the Fed may be able to avoid future repo market problems simply by increasing its balance sheet rather than setting up new market tools.
Prudential will spin off its UK and European insurance and asset management business M&G in October, Britain's largest insurer said in a prospectus published on Wednesday, dividing the insurance giant into two large-cap stocks.
General Motors Co and the union that represents its 48,000 striking hourly workers in the United States have made progress in talks toward a new deal but are grappling with the pay and job security of newer and temporary workers, two people familiar with the talks said on Wednesday.