Ferrari Will Always Make Its Cars in Italy, CEO Says
NEW YORK – Ferrari (NYSE: RACE) will always make its luxury sports car in its hometown of Maranello, northern Italy, […]
Ferrari Will Always Make Its Cars in Italy, CEO Says Read More »
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US Judge Blocks $25 Billion Kroger-Albertsons Merger
On Tuesday, a U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger (NYSE: KR) and Albertsons (NYSE:
US Judge Blocks $25 Billion Kroger-Albertsons Merger Read More »
US Says Review of Nippon-US Steel Deal Ongoing as US Steel Shares Tumble
A national security review of Nippon Steel’s $15 billion bid for United States Steel (NYSE: X) is ongoing and President
US Says Review of Nippon-US Steel Deal Ongoing as US Steel Shares Tumble Read More »
Vestis (NYSE: VSTS) Draws Acquisition Interest from Multiple Buyout Firms, Reuters Reports
NEW YORK – Advent International and Apollo Global Management are among the buyout firms exploring a potential acquisition of uniform
Italy Eyes Better Relations with Stellantis After Automaker Saves Supplier Jobs
ROME – Italy’s Industry Minister Adolfo Urso announced a deal on Tuesday to avert 249 layoffs at suppliers to Stellantis
Italy Eyes Better Relations with Stellantis After Automaker Saves Supplier Jobs Read More »
Italy Will Ask Stellantis to Continue Investing in the Country, Says Deputy PM
ROME – Italy will ask Stellantis (NYSE: STLA) to continue investing in the country, and the automaker gives the government
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Britain to Make Online Marketplaces Pay More for Electricals Recycling
LONDON – Britain said on Tuesday it would soon make online marketplaces such as Amazon (NASDAQ: AMZN) and eBay (NASDAQ:
Britain to Make Online Marketplaces Pay More for Electricals Recycling Read More »
Boeing Restarts 737 MAX Production a Month After Strike Ended, Reuters Reports
SEATTLE – Boeing (NYSE: BA) restarted production of its best-selling 737 MAX jetliner last week, about a month after the
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Unilever CFO Takes on Additional Responsibility Amid Operational Overhaul
On Monday, Unilever (NYSE: UL) said CFO Fernando Fernandez would take on more responsibilities, including overseeing supply chain and procurement,
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Boeing to Lay Off Nearly 400 Employees in Washington
U.S. planemaker Boeing (NYSE: BA) is letting 396 employees go at various locations in Washington, a notice on Monday from
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Apollo-Owned Novolex to Take Rival Pactiv Evergreen Private in $6.7 Billion Deal
Novolex, the packaging firm, will buy rival Pactiv Evergreen (NASDAQ: PTVE) in a $6.7 billion deal, as the Apollo Global
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Ad Giant Omnicom Acquires Interpublic for $13.25 Billion in All-Stock Deal
Omnicom Group (NYSE: OMC) has struck a $13.25 billion all-stock deal to buy rival Interpublic Group (NYSE: IPG), creating the
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Stellantis to Rejoin ACEA Auto Manufacturers Association
MILAN – On Friday, Stellantis (NYSE: STLA) said it planned to rejoin European auto lobby ACEA, which it had left
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Walmart, Amazon Holiday Spending Rise as Target, Best Buy Stumble, Data Shows
NEW YORK – Walmart (NYSE: WMT), Amazon.com (NASDAQ: AMZN) and fast-growing e-commerce sites Shein and PDD Holdings’ (NASDAQ: PDD) Temu
Walmart, Amazon Holiday Spending Rise as Target, Best Buy Stumble, Data Shows Read More »
Two US Senators Seek Antitrust Probe of DraftKings, FanDuel
WASHINGTON – Two U.S senators have asked the Federal Trade Commission and Justice Department to investigate online betting platforms DraftKings
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Dealmaker Hannam Sues Randgold for $18 Million Over Barrick Merger Work
LONDON – Dealmaker Ian Hannam is suing Randgold Resources for up to $18 million he says he is owed for
Dealmaker Hannam Sues Randgold for $18 Million Over Barrick Merger Work Read More »
Conagra Brands Exploring Sale of Popular Canned Pasta Brand Chef Boyardee, Reuters Reports
NEW YORK – Conagra Brands (NYSE: CAG), the maker of Slim Jim beef jerky and Healthy Choice frozen meals, looks
Alphabet’s Waymo to Expand Ride-Hailing Services to Miami
On Thursday, Alphabet (NASDAQ: GOOG) unit Waymo said it will expand its autonomous ride-hailing services to Miami, Florida, adding another
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Vodafone-Three Merger Approval Marks UK Antitrust Shift
LONDON – Britain’s decision to allow two of its four mobile networks to merge is the first big sign that
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Mantle Ridge Scales Back Air Products Board Overhaul, Withdraws Some Nominations
On Thursday, Air Products and Chemicals (NYSE: APD) said Paul Hilal-backed activist investor Mantle Ridge has withdrawn its proposal to
Mantle Ridge Scales Back Air Products Board Overhaul, Withdraws Some Nominations Read More »
US Judge Rejects Boeing Plea Deal Over Deadly 737 MAX Crashes
On Thursday, a U.S. judge rejected Boeing’s (NYSE: BA) agreement to plead guilty to fraud in the wake of two
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Honda Recalls 205,760 US SUVs Over Fuel Leak Concern, NHTSA Says
On Thursday, the National Highway Traffic Safety Administration said that Honda Motor (NYSE: HMC) would recall about 205,760 SUVs in
Honda Recalls 205,760 US SUVs Over Fuel Leak Concern, NHTSA Says Read More »
Exclusive: As Tariffs Loom, Gillette-Razor Maker P&G Sourcing More Steel from India
NEW YORK – Procter & Gamble (NYSE: PG) has overhauled its supply chain for the tiny, extra-thin strips of stainless
Exclusive: As Tariffs Loom, Gillette-Razor Maker P&G Sourcing More Steel from India Read More »
Britain Greenlights $19 Billion Vodafone-Three Mobile Merger
LONDON – On Thursday, Britain approved Vodafone’s (NASDAQ: VOD) $19 billion merger with Hutchison’s Three UK to create the country’s
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