Deutsche Telekom sets meeting as T-Mobile, Sprint deal nears approval: report
Deutsche Telekom has called a leadership meeting on Wednesday in expectation of U.S. regulatory approval of the proposed merger of its U.S. T-Mobile unit with rival Sprint , according to business daily Handelsblatt.
Asia stocks stay judgment on trade talks, euro pressured
Asian shares crept higher on Wednesday as the prospect of fresh Sino-U.S. trade talks drew a guarded welcome, while the euro hit lows on a range of counterparts amid speculation the European Central Bank was near to easing policy.
Philippines’ Jollibee buys Coffee Bean for $100 million in overseas push
Philippines’ Jollibee Foods Corp (JFC) , a major Asian fast-food operator, said on Wednesday it had agreed to acquire U.S. brand Coffee Bean & Tea Leaf (CBTL) for $100 million as part of its rapid expansion outside its home market.
Daimler second-quarter hammered by one-off, diesel charges
Luxury car maker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter.
PSA Group profit jumps on pricing, Opel synergies
French carmaker PSA Group delivered a sharp increase in first-half profit, as new models and the integration of Opel-Vauxhall more than made up for weaker emerging-market sales.
Deutsche Bank posts second quarter loss of $3.51 billion on restructuring costs
Deutsche Bank said on Wednesday the German lender posted a larger-than-forecast loss of 3.15 billion euros ($3.51 billion) in the second quarter due to major restructuring costs.
KKR devours Tim Tam biscuits maker in $2.2 billion deal with Campbell
KKR & Co said it is buying Campbell Soup Co’s Australian snacks unit Arnott’s that will give it ownership of top-selling biscuit brands such as Tim Tam, in a deal local media reported was worth $2.2 billion.
Philippines’ Jollibee buying U.S. firm Coffee Bean for $100 million
Philippines’ Jollibee Foods Corp said on Wednesday it is buying U.S. brand Coffee Bean & Tea Leaf for $100 million.
Starbucks to expand delivery with Uber Eats across U.S in early 2020
Starbucks Corp said on Tuesday it would expand its partnership with Uber Eats to deliver food and coffee throughout the United States in early 2020.
Uber Freight launches in Germany, faces local competition
U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe’s $500 billion trucking market.
