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February 19, 2020
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Reuters - Business

Qatar Airways spends $600 million to lift stake in BA owner to 25%

Reuters
LONDON/DUBAI (Reuters) – Qatar Airways has bought a $600 million stake in British Airways-owner IAG (ICAG.L) to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management. FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome,......
Reuters - Business

Qatar increases its stake in BA-owner IAG to 25.1%

Reuters
FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome, Italy, March 30, 2019. REUTERS/Alberto Lingria LONDON (Reuters) – Qatar Airways Group said on Wednesday it had increased its holding in British Airways-owner IAG (ICAG.L) to 25.1%, buying another stake worth $600......
Reuters - Business

Alstom, Bombardier shares fall after $6.7 billion rail deal

Reuters
PARIS/MONTREAL (Reuters) – Shares of Alstom SA (ALSO.PA) and Bombardier Inc (BBDb.TO) fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.......
Sports Illustrated - NFL

Alcorn St deals Arkansas-Pine Bluff 10th straight loss 60-52

Sports Illustrated
http://www.si.com/.image/c_limit%2Ccs_srgb%2Cfl_progressive%2Ch_1200%2Cq_auto:good%2Cw_1200/MTcwNTM3MjU0NTc2NDY1Njky/kyrie-irving-nba-players-union.jpg AP News LORMAN, Miss. (AP) Deshaw Andrews had 17 points as Alcorn State topped Arkansas-Pine Bluff 60-52 on Monday night. Maurice Howard had 13 points for Alcorn State (12-12, 8-5 Southwestern Athletic Conference), which earned its fifth consecutive home victory. He also had seven turnovers but only six assists.......
Reuters - Business

Alstom to buy Bombardier rail unit for up to $6.7 billion

Reuters
PARIS/MONTREAL (Reuters) – France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), in the latest bid by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet......
Reuters - Business

Alstom in talks over $7 billion Bombardier rail deal

Reuters
PARIS (Reuters) – France’s Alstom (ALSO.PA) is in talks to buy the train business of Canada’s Bombardier (BBDb.TO) in a potential $7 billion deal that marks the latest attempt by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet trains that......
Reuters - Business

Alstom confirms talks on potential $7 billion Bombardier deal

Reuters
PARIS (Reuters) – French train maker Alstom (ALSO.PA) has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier (BBDb.TO), a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector. FILE PHOTO: Trains are seen at the......
Reuters - Business

Timeline: NMC Health’s expansion and ailments

Reuters
NMC Health said on Monday its founder BR Shetty had resigned as joint non-executive chairman, months after the UAE healthcare group was thrown into turmoil by doubts over its finances. Source – For more click here...
Reuters - Business

Carrefour to buy 30 stores in Brazil from rival Makro

Reuters
FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Antibes, France May 6, 2019. REUTERS/Eric Gaillard/File Photo SAO PAULO (Reuters) – The Brazilian unit of France’s Carrefour SA (CARR.PA) has agreed to buy 30 stores from rival retailer Makro’s Brazilian subsidiary, Makro said in a statement......
Reuters - Business

Exclusive: Jet buyers back Boeing-Embraer deal as Airbus expands reach

Reuters
SINGAPORE (Reuters) – Some of the world’s biggest aircraft buyers are urging the European Union to clear Boeing’s tie-up with Embraer, fearing Embraer’s commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets. FILE PHOTO: An Embraer E-190 E2 aircraft featuring a......
Reuters - Business

Woodside holds on to stake in Senegal oil field as FAR challenge fails

Reuters
(Reuters) – ConocoPhillips’ (COP.N) sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum (WPL.AX) has been cleared by an international tribunal, resolving a long-running challenge by Australian partner FAR Ltd (FAR.AX). FILE PHOTO: The shadow of a man is cast onto a poster......
Reuters - Business

Exclusive: Thyssenkrupp-Kone elevator merger would trigger legal war – Schindler

Reuters
FRANKFURT/DUESSELDORF, Germany (Reuters) – Swiss elevator maker Schindler (SCHP.S) would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s (TKAG.DE) lift division with rival Kone (KNEBV.HE), board member Alfred Schindler told Reuters. FILE PHOTO: Thyssenkrupp’s elevator test tower is pictured in Rottweil, Germany,......
Reuters - Business

SoftBank stock surges to seven-month high after judge OKs Sprint-T-Mobile merger

Reuters
TOKYO (Reuters) – SoftBank Group Corp (9984.T) stock surged to its highest price in over half a year in Tokyo on Wednesday, after a U.S. federal judge rejected an antitrust challenge to the proposed takeover of subsidiary Sprint Corp (S.N) by T-Mobile US Inc (TMUS.O). FILE PHOTO: People walk behind......
Reuters - Business

U.S. judge expected to rule in favor of Sprint, T-Mobile merger: sources

Reuters
(Reuters) – A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile US to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter. Shares of Sprint surged 69% in Monday’s after-hours trade and T-Mobile stock......
Reuters - Business

Bankers in Asia brace for a virus-related deal drought

Reuters
HONG KONG/SINGAPORE (Reuters) – Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold. FILE PHOTO: A woman wearing a face mask crosses a road after the extended Lunar New Year holiday caused......
Reuters - Business

U.S. district judge expected to rule in favor of Sprint-T-Mobile merger: WSJ

Reuters
A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration (Reuters) – A U.S. district judge is expected to rule in favor of Sprint (S.N) and T-Mobile (TMUS.O) merger, the Wall Street Journal reported......
Reuters - Business

Geely Automobile in talks with Volvo to tighten ties

Reuters
(Reuters) – China’s Geely Automobile (0175.HK) said on Monday it is in early discussions with Sweden’s Volvo Car AB about combining the two businesses into a global carmaker with listings in Hong Kong and Stockholm. The logo of Chinese carmaker Geely Auto is pictured at the second media day for......
Reuters - Business

China’s Geely Automobile in talks on boosting ties with Volvo

Reuters
The logo of Chinese carmaker Geely Auto is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song (Reuters) – China’s Geely Automobile (0175.HK) said on Monday it is in early discussions with Swedish carmaker Volvo Car AB about combining the......
Reuters - Business

Anti-Huawei UK lawmakers conducting ‘witch-hunt’: Chinese ambassador

Reuters
FILE PHOTO: Chinese Ambassador to Britain Liu Xiaoming talks to the crowd following the Chinese Lunar New Year parade through central London, Britain January 26, 2020. REUTERS/Simon Dawson LONDON (Reuters) – Senior members of Prime Minister Boris Johnson’s Conservatives who have demanded Chinese telecoms giant Huawei must not have a......
Reuters - Business

White House dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei

Reuters
WASHINGTON (Reuters) – U.S. Vice President Mike Pence on Friday and the top White House economic adviser dismissed an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd. FILE PHOTO – U.S. Vice......

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