Billionaire Patrick Drahi agrees to buy Sotheby’s in $3.7 billion deal
Patrick Drahi, the billionaire behind telecoms and media group Altice, has agreed to buy art auction house Sotheby’s in a deal worth $3.7 billion on...
Wall St. opens slightly higher; Fed meet eyed
U.S. stocks eked out gains at the open on Monday, as focus shifted to a pivotal Federal Reserve meeting that could lay the groundwork for...
Tesla’s Elon Musk becomes ‘Daddy DotCom’ on Twitter
Silicon Valley billionaire Elon Musk tweeted https://twitter.com/elonmusk/status/1140481957341495296 late on Sunday that he had “just deleted” his Twitter account, while also changing his Twitter display name...
Sotheby’s to be taken private by French billionaire Patrick Drahi
Art auction house Sotheby’s said on Monday it would be taken private for $2.66 billion by a company owned by Altice Europe founder Patrick Drahi....
Fashion house Chanel parades its independence as its profits rise
Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away in February, reported higher annual sales and profits on Monday and once again reaffirmed...
Wall St. set for muted open; Fed meet in focus
Wall Street’s main indexes were set for a subdued opening on Monday, following two straight weeks of gains, as focus shifted to a pivotal Federal...
Boeing to supply parts for Airbus A320 jets for British Airways
Boeing Co said on Monday it would supply parts for A320 jetliners made by its competitor Airbus to supply British Airways, the first such agreement...
Fashion house Chanel reaffirms its independence as sales and profits rise
Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away earlier this year, reported higher annual sales and profits on Monday and once again...
Deutsche Bank to set up 50 billion euro bad bank
Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets,...
Oil prices fall 1% as economic worries outweigh tanker tensions
Oil prices slipped more than 1% on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by...