Market News Stories
(Reuters) – Camel cigarette brand owner Reynolds American Inc’s planned acquisition of smaller rival Lorillard Inc is expected to receive U.S. antitrust clearance as soon as next week, the Wall Street Journal said. (http://on.wsj.com/1Hxtr4g) Reynolds offered to buy Lorillard for … Continue reading
(Reuters) – Charter Communications is in talks with Time Warner Cable about a bid that is likely to be well above the $170 (108 pounds) per share expected by some analysts, the Wall Street Journal reported, citing people familiar with … Continue reading
HONG KONG (AP) — Most Asian stock indexes rose Friday, with China’s benchmark at its highest in seven years, after Wall Street eked out another record close. KEEPING SCORE: Japan’s Nikkei 225 index edged 0.1 percent lower to 20,172.15 and … Continue reading
REUTERS – Uber Technologies Inc is seeking a $1 billion credit line from banks, the Wall Street Journal reported, citing people familiar with the matter. The cab-hailing company is in talks with a number of large banks for the loan, … Continue reading
HELSINKI Nokia (NOK1V.HE) is in no hurry to sell its mapping unit HERE despite receiving high quality bids, the Finnish company’s chief executive said in a trade magazine interview. Telecoms network equipment maker Nokia began a strategic review of its … Continue reading
FRANKFURT Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables. The move forms part of a broader push … Continue reading
As part of his quest for a mega merger, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne sent an email to General Motors Co Chief Executive Officer Mary Barra in March suggesting combining the automakers but was rebuffed, the New York … Continue reading
(This May 23 story has been corrected in paragraph 3 to clarify that the company will announce results of financial improvement studies, not pay adjustments, before Ramadan) ANKARA (Reuters) – The Turkish arm of French carmaker Renault (RENA.PA) on Saturday … Continue reading
By Toby Sterling AMSTERDAM, May 22 (Reuters) – The Dutch government is set torecommend on Friday that ABN Amro bank return toprivate hands via a stock market listing — seven years after itwas nationalised during the 2008 financial crisis. Finance … Continue reading
LONDON (ShareCast) – Wall Street banks may face further damaging allegations about their rigging of foreign exchange markets, as New York’s banking regulator intensifies a probe into electronic trading, according to the Financial Times.The New York Department of Financial Services … Continue reading
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