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Generali CEO not aware of any takeover ambitions


TRIESTE, Italy The chief executive of top Italian insurer Generali said on Thursday he was not aware of anyone harboring ambitions to take over the group.

Takeda in talks with Shire after $61 billion bid rejected

LONDON/NEW YORK Japan's Takeda Pharmaceutical is in negotiations with Shire after making a third takeover bid worth around $61 billion that was rejected by the London-listed rare diseases drugmaker.

9:27am EDT

Nestle, Unilever forego price increases to move product

ZURICH/LONDON First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment. | Video

8:57am EDT

UK's Weir to buy U.S. mining tools maker ESCO for $1.05 billion

Weir Group Plc , which makes pumps and valves for the mining and energy industries, said it had agreed to buy ESCO Corp. for $1 billion as it looks to bolster its mining business.

8:23am EDT

Market swings knock Blackstone earnings less than feared

Blackstone Group LP , the largest manager of alternative assets such as private equity and real estate, on Thursday reported a 20 percent drop in first-quarter earnings per share but still beat Wall Street's expectations, as a stock market slump weighed on the value of its holdings.

8:20am EDT

Britain's Labour Party tells financiers: pay higher taxes if you want influence

LONDON Britain's shadow chancellor John McDonnell offered a new pact with the financial services industry on Thursday: higher taxes in return for a seat at the policymaking table if Labour wins the next election.

7:02am EDT

Alibaba to invest $320 million in Thailand, as rivals boost presence

BANGKOK Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers' appetite for the Southeast nation's agricultural goods and for its tourism market amid growing competition from rivals.

6:47am EDT

Unilever confident shareholders will agree to go Dutch

LONDON Unilever believes shareholders will support it moving its primary headquarters to the Netherlands, even though there is some reticence among investors who may be forced to sell their shares.

5:33am EDT

BHP cuts 2018 iron ore forecast, cites rail car upload problems

MELBOURNE BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while also slightly raising its copper output expectations given higher production at the Escondida mine.

Apr 18 2018

As Bon-Ton liquidates, U.S. department stores vie for its shoppers

Bon-Ton Stores Inc won court approval on Wednesday for a bid to wind down its operations, clearing the way for one of the largest U.S. department store chains to begin selling everything from its store inventory to leases and fixtures.

Apr 18 2018