Tue, Nov 24 2015
FRANKFURT Allianz on Tuesday set out plans to overhaul its business to help the insurer to overcome a tough business environment, boost sales and profitability and attract new customers.
FRANKFURT European media giant Bertelsmann is looking for a private equity partner to help it buy the rest of publisher Penguin Random House should co-owner Pearson want a swift exit from the business, three sources told Reuters.
Mon, Nov 23 2015
Hanmi Financial Corp said it proposed to merge with BBCN Bancorp Inc in an all-stock deal valued at about $1.6 billion to create the largest Korean-American banking franchise in the United States.
Petco Holdings Inc agreed to be acquired by CVC Capital Partners Ltd and the Canada Pension Plan Investment Board (CPPIB) in a $4.6 billion deal, after merger talks with market leader PetSmart Inc stalled last month due to antitrust concerns.
Hedge fund Elliott Management Corp disclosed a 6.4 percent stake in "undervalued" Alcoa Inc on Monday, sending the aluminum producer's shares up as much as 6.3 percent.
KUALA LUMPUR Malaysia's 1MDB clinched a deal to sell its energy assets to China General Nuclear Power Corporation (CGN) and its subsidiaries for 9.83 billion ringgit ($2.3 billion), a key step for the scandal-hit state fund to cut its debt.
Fri, Nov 20 2015
SAO PAULO Omnicom Group Inc, the world's second largest advertising company, has agreed to pay 1 billion reais ($270 million) for Brazil's Grupo ABC, growing Omnicom's publicity, branding services and content in Latin America's largest economy, a source with direct knowledge of the transaction said on Friday.
AMSTERDAM ABN Amro returned to the Amsterdam stock exchange on Friday with a valuation of 16.7 billion euros ($17.9 billion), marking an important stage in its rehabilitation since its near collapse and nationalization in the financial crisis of 2008.
LONDON A bumper North American railroad bid and three other big tie-ups announced this week have taken the number of takeover deals worth $5 billion or more to a record 128 this year, according to Thomson Reuters data.
Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, soared as much as 64 percent in their market debut, following a marked-down initial public offering, countering the negative sentiment that has nagged at Silicon Valley startups in recent weeks. | Video
Republican Marco Rubio released his first television ad over the weekend, striking a noticeably gloomy tone that quickly drew attention on social media.