KKR builds 5.2% stake in ProSieben, says company undervalued
Private equity investor KKR said on Monday it had acquired a stake of 5.2% in German broadcaster ProSiebenSat.1 Media , returning as an investor in...
Global equities markets sink, bonds rise on fears of second wave of infections
A jump in coronavirus cases in South Korea and Germany rattled investors and sent global equities markets lower on Monday, while safe-haven assets, including the...
Chinese investment in the U.S. drops to lowest level since global financial crisis
Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and the lowest level since the...
NBCUniversal, Sky expand ad-buying tool globally
Comcast Corp units NBCUniversal and Sky said Monday that advertising across both of the media companies can now be purchased through the same tool, as...
Starbucks to reopen 150 drive-thru locations in UK this week
Starbucks Corp said on Monday it would begin a phased reopening of 150 of its drive-thru locations and some takeaway-only stores in the United Kingdom...
S&P 500, Dow slip on fear of new infection wave
The S&P 500 and Dow Jones indexes retreated on Monday after last week’s rally, as investors worried about a second wave of coronavirus infections with...
Fritz Gerber, who steered Roche from infamy to biotech success, dies at 91
Fritz Gerber, the long-time head of Roche Holding who helped transform the Swiss company from an image-tarnished vitamins, drugs and chemicals conglomerate into a biotechnology...
U.S. has no need to buy back debt, will take advantage of low interest rates: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Monday he sees no need for the country to buy back debt and that he plans to borrow...
Exclusive: Toyota to cut North American output by 29% through October
Toyota Motor Corp plans to slash production in North America by nearly a third through October due to the coronavirus crisis and expects it will...
Under Armour warns 2nd quarter revenue could more than halve, shares tank
Under Armour Inc forecast on Monday a 50% to 60% drop in second-quarter revenue as most of its stores remained closed because of the COVID-19...