Billionaire Patrick Drahi agrees to buy Sotheby’s in $3.7 billion deal
Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy historic art auction house Sotheby’s in a deal worth $3.7 billion on an enterprise value basis.
Citi combines rates and currencies businesses
Citigroup Inc said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit.
KPMG to pay $50 million for using stolen data, exam fraud: SEC
Accounting firm KPMG LLC has admitted to using stolen information to alter some of its previous audit work and cheating on training exams, and agreed to pay a $50 million penalty, the Securities and Exchange Commission said on Monday.
Boeing lifts 20-year industry demand forecast to $6.8 trillion
Boeing Co raised its rolling 20-year industry forecast for passenger aircraft by 3% on Monday, fueled by strong air traffic predictions, though global geopolitical and economic risks could upset the rosy outlook.
Tesla’s Elon Musk becomes ‘Daddy DotCom’ on Twitter
Silicon Valley billionaire Elon Musk tweeted https://twitter.com/elonmusk/status/1140481957341495296 late on Sunday that he had “just deleted” his Twitter account, while also changing his Twitter display name to “Daddy DotCom”.
Fashion house Chanel parades its independence as its profits rise
Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away in February, reported higher annual sales and profits on Monday and once again reaffirmed its independence, stating it was not for sale.
Wall St. set for muted open; Fed meet in focus
Wall Street’s main indexes were set for a subdued opening on Monday, following two straight weeks of gains, as focus shifted to a pivotal Federal Reserve meeting that could lay the groundwork for an interest rate cut later this year.
Boeing to supply parts for Airbus A320 jets for British Airways
Boeing Co said on Monday it would supply parts for A320 jetliners made by its competitor Airbus to supply British Airways, the first such agreement by the U.S. planemaker to support an Airbus aircraft.
Pfizer bolsters cancer portfolio with $10.64 billion deal for Array
Pfizer Inc on Monday struck a deal to buy Array Biopharma Inc for $10.64 billion in cash to expand its portfolio of potentially lucrative cancer drugs.
Boeing dealt new blow as Airbus launches long-range A321
Boeing suffered a fresh setback on the opening of the Paris Airshow on Monday as its engine supplier announced a delay for the U.S. planemaker’s all-new 777X jet while Airbus launched a rival plane aimed at the middle of the market.
