Ashley’s Sports Direct drops plan to buy Debenhams
Billionaire Mike Ashley’s Sports Direct said it did not intend to make an offer to buy Debenhams after lenders took control of the ailing retailer on Tuesday.
Wynn ends deal talks with Crown Resorts
Casino operator Wynn Resorts Ltd said on Tuesday it terminated takeover discussions with Australia’s Crown Resorts.
Delta CEO says confident Boeing will resolve 737 MAX issues
Delta Air Lines Inc Chief Executive Officer Ed Bastian said on Tuesday he was confident U.S. planemaker Boeing Co would resolve issues relating to its 737 MAX jet following two deadly crashes involving that type of aircraft.
Aramco sets record with $100 billion demand for landmark bond
Orders for Saudi Aramco’s debut international bond topped $100 billion on Tuesday, a record breaking vote of market confidence for the oil giant which has faced investor concerns about government influence over the company.
Bank of America to raise minimum wage to $20 per hour by 2021
Bank of America Corp said on Tuesday it would raise its minimum wage to $20 per hour over a two-year period.
American Airlines trims first-quarter forecast for unit revenue
American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of its 24 Boeing 737 MAX 8 planes and the U.S. government shutdown.
Share rally cools as Trump turns trade heat on Europe
The dollar fell and the rally in global equities lost steam on Tuesday as a U.S. threat to slap tariffs on hundreds of European goods and a downgrade by the International Monetary Fund in its global economic growth forecasts dimmed the appetite for ris…
Principal Financial to buy Wells Fargo’s retirement unit for $1.2 billion
U.S. retirement plan administrator Principal Financial Group said on Tuesday it would buy Wells Fargo & Co’s retirement plan services business for $1.2 billion, as it seeks a larger presence in markets serving mid-sized companies.
Trump slams EU in aircraft dispute, pushes tariffs on $11 billion of imports
U.S. President Donald Trump said on Tuesday the United States would impose tariffs on $11 billion of products from the European Union, a day after U.S. trade officials proposed a list of EU products to target as part of an ongoing aircraft dispute.
Lenders seize UK retailer Debenhams, wiping out Ashley
Debenhams’ lenders took control of the ailing British retailer on Tuesday in a process designed to keep its shops open at the expense of shareholders, including an irate Mike Ashley, who were wiped out.
