Blackstone turns up heat on hotelier Unizo with tender offer
Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Unizo Holdings at 5,000 yen a share, doubling down on its $1.6 billion offer after the proposal was rebuffed by the Japanese hotel chain.
Volkswagen postpones final decision on Turkey plant
Volkswagen has postponed the final decision whether to build a car plant in Turkey, the company said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational fallout.
UnitedHealth beats quarterly profit, raises earnings forecast
UnitedHealth Group Inc beat analysts’ estimates for quarterly profit and raised its 2019 earnings forecast on Tuesday, benefiting from strength in its core business of selling health plans and its pharmacy benefits unit.
KKR consortium cancels Australia’s Latitude IPO: sources
U.S. private equity firm KKR & Co and its partners have canceled what was expected to be the biggest Australian IPO of the year, the listing of their lender Latitude Financial, two sources told Reuters.
BlackRock profit beats as its low-risk funds attract more money
BlackRock Inc , the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Tuesday, as more money rolled into its fixed-income funds against the backdrop of an uncertain global economy.
Google share of search ad market high but shrinking: eMarketer
Alphabet Inc’s Google dominates the growing U.S. search ad market but Amazon.com Inc is growing fast, according to data from the market research company eMarketer released on Tuesday.
U.S. pension funds took positions in blacklisted Chinese surveillance company
Some of the biggest public pensions funds in the United States have invested in one of the world’s largest purveyors of video surveillance systems that the U.S. government claims are used in wide-scale repression of the Muslim population of western Chi…
Citigroup plans to set up wholly-owned securities business in China: sources
Citigroup Inc plans to set up a wholly-owned securities business in China, people with knowledge of the matter said on Tuesday, taking advantage of Beijing’s move to fully open up some of its financial sectors to foreigners next year.
How Amazon.com moved into the business of U.S. elections
Amazon.com Inc’s cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: U.S. elections.
Global stocks edge higher on Brexit hopes, trade optimism fades
Global stocks edged higher on Tuesday yet safe havens were still in play as markets tried to balance fading optimism over the latest China-U.S. trade truce with the likelihood of a Brexit deal by Thursday’s European Union summit.
