Akzo Nobel declines third takeover proposal from PPG Akzo Nobel declines third takeover proposal from PPG:- Dutch paint maker Akzo Nobel (AKZO.AS) on Monday rejected a third takeover proposal from larger U.S. rival PPG valued at 26.9 billion euros ($29.51 billion)saying it undervalues the company, faces antitrust risks, and does […]
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Business
Hudson Bay taps debt adviser amid Neiman Marcus bid challenges Hudson Bay taps debt adviser amid Neiman Marcus bid challenges:- Canada's Hudson's Bay Co has hired a debt restructuring adviser to review potential options for combining its business with debt-laden U.S. department store operator Neiman Marcus Group, according to people […]
Old guard retail back in the cross hairs A glance at the U.S. stock market's main measure for the health of retailers suggests all is well among those companies in the business of peddling stuff directly to consumers. After all, the $1.16 trillion S&P 500 retail index .SPXRT has climbed […]
From two would be Fed leaders, the central bank needs to change Unemployment is at a decade low, the American economy is growing, and inflation is nowhere in sight, yet for two leading candidates to head the Federal Reserve, the central bank needs shaking up. The Fed is credited by […]
Fed Williams pushes new approach to U.S. inflation goal One of the Federal Reserve's experts on navigating a world of low inflation and economic growth said on Friday the U.S. central bank should seriously consider ditching its old policy framework for a new approach to hitting its price-level goal. In […]
Insurance dampens Berkshire results before annual meeting Berkshire Hathaway Inc (BRKa.N), the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. The results were released one […]
Paul Singer Elliott Management raises $5 billion in 24 hours letter Paul Singer's hedge fund firm Elliott Management Corp raised more than $5 billion in about 24 hours this week, citing a major potential investment opportunity at a time when Singer said financial markets could face a disruption after being […]
U.S. employment growth seen rebounding, wages increasing U.S. job growth likely rebounded in April and wages increased, pointing to a further tightening in labor market conditions that could pave the way for the Federal Reserve to raise interest rates next month. Nonfarm payrolls probably increased by 185,000 jobs last month, […]
GE CEO warns against U.S. protectionism, wants level playing field General Electric Co Chief Executive Jeff Immelt warned the Trump administration on Thursday to avoid protectionist policies while calling on it to level the playing field for American companies with tax reform, revived export financing and improved trade agreements. In […]
Asian stocks fall for third day on commodity fears, China hits three-month lows Asian stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France's presidential […]
