FRANKFURT German media group Bertelsmann may raise its stake in book publisher Penguin Random House, it said on Wednesday after British joint venture partner Pearson issued a major profit warning and said it might sell the stake.
LONDON Britain's competition watchdog said on Wednesday that Mastercard has proposed a series of measures that should alleviate its concerns about the credit card giant's takeover of payments processing company VocaLink.
MOSCOW The acquisition of a 19.5 percent stake in Russia's Rosneft oil firm was paid for by foreign companies, Tass news agency quoted Andrei Kostin, Chief Executive of Russian state lender VTB , as saying on Wednesday.
SINGAPORE Warburg Pincus-backed warehouse operator e-Shang Redwood has agreed to buy an 80 percent indirect stake in the manager of Cambridge Industrial Trust (CIT) from National Australia Bank and investment firm Oxley Group.
TOKYO Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday.
NEW YORK Deutsche Bank finalized a $7.2 billion settlement with the U.S. Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.
Liberty Media Corp said its shareholders voted to approve funding and changes related to the takeover of Formula One (F1) racing car series.
NEW YORK HomeServices of America Inc, a unit of Warren Buffett's Berkshire Hathaway Inc , on Tuesday said it has purchased the Houlihan Lawrence residential real estate firm, its second foray into the New York City area this month.
NEW YORK Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday.
FRANKFURT Germany and the European Central Bank are pushing harder for Deutsche Boerse and the London Stock Exchange to give Frankfurt a greater role once they merge, now Britain is leaving the European Union, people involved said.
WASHINGTON Early optimism among business lobbyists and executives that Donald Trump's election heralded better days has slowly given way to uncertainty as the president-elect fires off mixed and sometimes confusing messages on healthcare, taxes and trade.