NXP has agreed to buy smaller peer Freescale Semiconductor and merge operations in a deal valuing the combined company at over $40 billion.» Read More
Walt Disney said it has agreed to acquire Lucasfilm, the film company founded by Star Wars creator George Lucas, in a cash-and-stock deal worth $4.05 billion.
Target said on Tuesday that it plans to sell its credit card portfolio to TD Bank Group, finding a buyer nearly two years after the retailer first said it wanted to sell the business.
A group of BAE Systems shareholders has demanded the resignation of chairman Dick Olver, saying sweeping changes are needed at the UK defense group following the collapse of the EADS merger two weeks ago. The FT reports.
Ally Financial and Royal Bank of Canada are closing in on a deal that would value Ally Canada at more than $4 billion, according to people familiar with the matter.
A variety of economic factors could finally push a certain currency pair through a key level, this strategist says.
Got a yen for the Japanese currency? Be careful, this strategist says.
Wonder what is keeping the British pound so strong? It's the British, stupid.
Multinational food and beverage companies have jumped into the fast-growing organic foods markets through strategic acquisition.
BAE Systems’ largest shareholder will on Monday signal its “significant reservations” about the U.K. defense group’s proposed tie-up with EADS, the FT reports.
Alistair Darling has made a forceful intervention in the plans by EADS to combine with BAE Systems, saying British interests were bound to suffer because the UK government would have no equity stake in the enlarged group. The FT reports.
More than a dozen of Europe’s biggest banks face the upheaval and cost of building a ringfence around their trading activities if the findings of the EU-appointed Liikanen review are implemented. The likes of Deutsche Bank, Barclays and BNP Paribas are likely to be the hardest hit. The FT reports.
Banks should pay bonuses in debt, which would be wiped out if a bank failed, an EU banking report will suggest as Europe attempts to step up the fight against bankers’ pay. The FT reports.
Xstrata is preparing to recommend the latest merger offer from Glencore on Monday, with the miner over the weekend hammering out a novel structure that is designed to help maximise support from its investors. The FT reports
France is pushing for its government to hold a large stake in the €34 billion defense and aerospace group to be created by combining pan-European EADS and BAE of the UK, raising concerns in London that such a demand would threaten the deal. The FT reports.
Investment bank earnings from mergers & acquisitions and debt and equity capital markets has slowed to a low not seen since the collapse of Lehman Brothers, with 2012 on course to be the worst year for the industry since 2004. The FT reports.
The $90 billion merger of Glencore and Xstrata is on shaky ground as the two sides struggle to come to terms over the makeup of the combined management team, the New York Times reports.
Hedge funds are supposed to be the smart money, but sometimes even they can be outsmarted. Take the case of Mason Capital Management and the Telus Corporation, a large Canadian telecommunications company. Mason Capital, a New York and London hedge fund with about $8 billion in assets under management, has made a complex bet in Telus stock that looked shrewd at first, but that may now lose tens of millions of dollars, the New York Times reports.
Southeast Asia's most populous nation is on track to become the world's 7th largest economy by 2030, putting it ahead of the developed nations of Germany and the U.K., a new report by McKinsey Global Institute showed Tuesday.
BAE Systems will have to agree more rigorous US security arrangements if its 38 billion euros ($49.9 billion) deal to combine with EADS is to pass muster in Washington, a former senior US official has warned, the Financial Times reports.
After a third party valuation of their joint venture, Morgan Stanley Smith Barney, came in below $14 billion, Citigroup and Morgan Stanley negotiated a deal that values the unit at $13.5 billion and provides a road map for Morgan Stanley to acquire 100 percent of the firm by June of 2015 based on that value.