Sunrise hits snag after announcing $6.3 billion deal for Liberty Global’s Swiss assets
Sunrise Communications’ $6.3 billion deal to buy U.S. cable giant Liberty Global’s Swiss assets, announced on Thursday, immediately hit a snag as a key shareholder said it would shun a planned rights issue to finance the acquisition.
Starboard to vote against Bristol-Myers-Celgene $74 billion deal
Activist investor Starboard Value LP will vote against Bristol-Myers Squibb Co’s $74 billion acquisition of Celgene Corp, the hedge fund said on Thursday, adding to the number of shareholders declaring against the deal.
Wall St. dips at open as U.S.-North Korea summit ends early
Wall Street’s main indexes opened slightly lower on Thursday after a U.S.-North Korea summit ended abruptly without a deal, but losses were limited as data showed the American economy slowed less than expected in the fourth quarter. The S&P 500 opened lower by 4.27 points, or 0.15 percent, at 2,788.11. The Nasdaq Composite dropped 21.19 points, or 0.28 percent, to 7,533.31 at the opening bell.
PG&E says equipment probably caused deadly Camp Fire
PG&E Corp, which filed for bankruptcy last month because of potential liabilities from wildfires in California, said it is probable that its equipment will be determined to be an “ignition point” of the 2018 Camp Fire.
Pot firm Canopy Growth ropes in Martha Stewart as adviser
Marijuana producer Canopy Growth has roped in lifestyle guru Martha Stewart as an adviser to help develop a line of new pot-based products for both humans and animals, it said on Thursday.
U.S. economic growth slows moderately in fourth quarter
The U.S. economy slowed less than expected in the fourth quarter amid solid consumer and business spending, leaving 2018 growth just shy of the Trump administration’s 3 percent annual target.
Mozambique files case against Credit Suisse in London’s High Court
Mozambique has filed a case in London’s High Court against Credit Suisse, according to court records and a source in Mozambique’s Attorney General Office.
Pot firm Canopy Growth ropes in Martha Stewart as advisor
Cannabis producer Canopy Growth said on Thursday it had roped in lifestyle guru Martha Stewart as an advisor to help develop a line of marijuana-based products.
PG&E takes $10.5 billion charge related to 2018 Camp Fire
California power company PG&E Corp, which filed for bankruptcy last month because of potential liabilities from wildfires in the state, recorded a $10.5 billion charge related to 2018 Camp Fire, the company said in a filing on Thursday.
Global stocks sink for third day as investors temper trade optimism
Global stocks fell for a third straight day on Thursday as investor optimism about U.S.-China trade talks receded, while an early end to the U.S.-North Korean summit in Vietnam and weak Chinese economic data also weighed on sentiment.
