HONG KONG (Reuters) – Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration. “Given where we are at the moment, … you’re starting to unleash some of those animal spirits, and you’re seeing a pick-up in equity activity, pick-up in M&A activity,” Solomon said at the Global Financial Leaders Investment Summit hosted
SYDNEY (Reuters) – Alibaba (NYSE:) Group has delivered investors initial price guidance on its $5 billion dual currency bond, according to a term sheet reviewed by Reuters on Tuesday. The U.S. dollar tranche consists of 5.5-year, 10.5-year and a 30-year bond, the term sheet showed. The 5.5-year bond has an initial price guidance of Treasuries and about 90 basis points, the 10.5-year is Treasuries plus about 115 basis points and
WASHINGTON (Reuters) – The U.S. Department of Justice will ask a judge to force Alphabet (NASDAQ:) Inc.’s Google to sell off its Chrome browser, Bloomberg reported on Monday. Citing people familiar with the plans, Bloomberg also reported that the department will ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial intelligence and its Android smartphone operating system. Source link
By Dan Catchpole, Allison Lampert (Reuters) -Boeing will lay off more than 2,200 workers in the U.S. states of Washington and Oregon, according to filings posted on Monday, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce. The aerospace giant started telling affected U.S. workers on Wednesday that they will stay on Boeing (NYSE:)’s payroll until Jan. 17, to comply with
By Sriparna Roy (Reuters) -CVS Health added Glenview Capital’s top boss and three others to its board in a deal with the hedge fund, a month after the healthcare conglomerate tasked a new CEO with its turnaround efforts. The company has been facing pressure from investors including Glenview to improve its operations and shareholder value after missing financial targets several times due to increased medical costs in its health insurance
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP (NYSE:) embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits. Rivals Shell (LON:)
(Reuters) -Spirit Airlines has filed for bankruptcy protection after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses and significant debt, it disclosed on Monday. The airline’s woes deepened after the collapse of its $3.8 billion planned merger with JetBlue Airways (NASDAQ:) in January and the impact of RTX’s Pratt & Whitney Geared Turbofan (GTF) engines snag that has grounded many of its
(Reuters) -Australia’s competition regulator said on Monday it is seeking views on the Macquarie-backed telecommunications group Vocus’ A$5.25 billion ($3.39 billion) takeover of local telecom operator TPG Telecom (BCBA:)’s enterprise, government, and wholesale (EG&W) fixed business and fibre network assets. The Australian Competition and Consumer Commission (ACCC) said it is seeking views from interested parties on the likely impact on prices and service quality in the supply of fixed line
By Xie Yu and Clare Jim HONG KONG (Reuters) – Country Garden (HK:) submitted the preliminary terms of its offshore debt restructuring proposal to some creditors late last month, said five sources familiar with the matter, as the indebted Chinese property developer tries to avoid liquidation. The restructuring proposal includes a revised cash flow projection, said two of the sources who have direct knowledge and another person familiar with the
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) -India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple (NASDAQ:) supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold
