NEW YORK (Reuters) – Slack Technologies, the fast-growing workplace messaging and communication platform, is poised for an unusual public listing on Thursday that will see it trade on the New York Stock Exchange and could value it at around $16 billion, according to a person familiar with the matter. Slack Continue Reading
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Fiat Chrysler and Renault pursue $35 billion merger to tackle car sector challenges
MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to confront the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. If it goes ahead, the $35 billion-plus tie-up would alter the landscape for rivals including General Motors and Continue Reading
Trump administration announces $16 billion farm aid plan to offset trade war losses
WASHINGTON (Reuters) – The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China and said payment rates to farmers would be determined by where they farm rather than what crops they grow. The package, the bulk of which Continue Reading
Wynn Resorts ceases talks with MGM to sell $2.6 billion Massachusetts casino
FILE PHOTO: The Encore Casino, built by Wynn Resorts in Everett, Massachusetts, U.S., April 1, 2019. REUTERS/Brian Snyder/File Photo (Reuters) – Wynn Resorts Ltd said on Tuesday the company has decided to stop talks with MGM Resorts International to sell its Encore Boston Harbor casino. “After careful consideration we have agreed Continue Reading
Google Q1 revenues $36.3 billion but miss Wall Street expectations
Google parent Alphabet reported its Q1 earnings Monday, with shares at $11.90. While shares exceeded analyst expectations, revenue fell short. The company reported overall revenue at $36.34 billion, which was shy of the $37.33 billion expected by Wall Street. Shares are down roughly 5 percent in after-hours trading. Mobile and Continue Reading
Exclusive: Advent readies new $2.2 billion Latam private equity fund – sources
SAO PAULO (Reuters) – U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters. The fund launched in coming days will be Advent’s seventh for Latin America and its largest Continue Reading
Anheuser-Busch InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources
HONG KONG (Reuters) – The world’s biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters. FILE PHOTO: The logo of Anheuser-Busch InBev is Continue Reading
Newmont shareholders OK $10 billion Goldcorp takeover, creating biggest gold producer
TORONTO (Reuters) – Newmont Mining shareholders on Thursday approved the company’s $10 billion takeover of Goldcorp Inc which is set to create the world’s biggest gold producer with assets across the Americas, Africa and Australia. FILE PHOTO: Visitors pass the Newmont Mining Corporation booth during the Prospectors and Developers Association Continue Reading
Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML
LONDON (Reuters) – Global equity funds saw massive outflows this week, a sharp reversal from last week’s inflows as pessimism over economic growth gripped investors once again, driving them instead to search for yield in credit and buy safer assets like bonds. FILE PHOTO: Traders work on the floor at Continue Reading