Explainer: Battle over Osram takes further twist
An unprecedented bidding war has erupted over German lighting group Osram , with private equity group Bain swapping partners to team up with Advent to...
EBay CEO Devin Wenig steps down
EBay Inc said on Wednesday Chief Executive Officer Devin Wenig has stepped down and the e-commerce company named its finance head Scott Schenkel as interim...
No tariff fears for Nike after online success
Nike Inc’s online sales growth and a bullish outlook in China put it on a firm path for years to come and should help it...
Elliott renews demand to split Marathon Petroleum
Elliott Management on Wednesday renewed its demand for Marathon Petroleum Corp to split into three companies, three years after the activist investor asked the refiner...
Boeing to bolster engineering oversight in response to 737 MAX crashes
Boeing Co’s board of directors said on Wednesday it created a new permanent safety committee to oversee development, manufacturing and operation of its aircraft and...
German authorities seek information from Deutsche Bank in relation to Danske Bank
German authorities have been seeking information at Deutsche Bank’s Frankfurt headquarters in relation to Danske Bank , Frankfurt prosecutors said on Wednesday....
Trump impeachment move knocks stocks, Brexit rattles pound
World stocks fell to a two-week low and risk assets withered on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump,...
Stock futures fall on Trump impeachment push, Nike gains
U.S. stock index futures edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump injected a fresh dose of...
Former Danske Estonia boss found dead amid money laundering inquiry
A former head of Danske Bank’s Estonian branch, which is at the center of global investigations into the world’s largest money laundering scandal, has been...
IKEA reports record sales as online revenue surges
IKEA reported annual sales above 40 billion euros ($44 billion) for the first time on Wednesday as the Swedish furniture group’s push into e-commerce produced...