GE inks $21 billion biopharma sale to Danaher in U-turn under Culp
General Electric said on Monday it would sell its biopharma business to Danaher Corp for $21.4 billion in the biggest strategy reversal since Lawrence Culp took over as the industrial conglomerate’s chief executive in September.
Barrick CEO defends $18 billion hostile Newmont bid as logical tie-up
Barrick Gold Corp’s chief executive defended the world’s largest gold producer’s hostile $18 billion bid for Newmont Mining Corp, saying on Monday the deal is “logical” for an industry battling high costs and depleting resources.
GE debt rallies, bond insurance price drops on Danaher deal
General Electric Co bonds rallied broadly on Monday after the company struck a deal to sell its biopharma business to Danaher Corp for $21.4 billion and said it would use cash from the deal to ease its massive debt burden.
Madoff trustee can pursue lawsuits against Koch, banks, others
A U.S. federal appeals court said the trustee liquidating Bernard Madoff’s firm may pursue dozens of lawsuits to recoup funds from defendants including Koch Industries Inc, long controlled by the billionaire brothers Charles and David Koch, and major b…
Barrick CEO: Newmont deal ‘logical’ for shareholders of both companies
Barrick Gold Corp’s $18 billion hostile bid for rival Newmont Mining Corp is a “logical” tie-up that would generate value for shareholders of both companies and create an unrivaled global producer of the yellow metal, Chief Executive Officer Mark Brist…
Newmont CEO says shareholders do not see value in Barrick bid
Newmont Mining Corp Chief Executive Gary Goldberg said on Monday that Barrick Gold Corp’s $18 billion hostile bid for his company is perplexing to his shareholders and not in the best interest of both miners.
Hopes of trade deal push Wall Street higher
U.S. stocks rose on Monday, boosted by technology and industrial companies, after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports and that he was “very, very close” on a trade deal.
Bank of America drops ‘Merrill Lynch’ name in rebranding effort
Bank of America Corp is dropping the “Merrill Lynch” name from some of its businesses, phasing out a brand with a long history on Wall Street as part of a multi-year marketing effort, the lender said on Monday.
Nestle hires Rothschild to run Herta sale: sources
Packaged food giant Nestle has hired bankers at Rothschild to sell its Herta packaged meat business, two sources familiar with the matter told Reuters on Monday.
Oil slumps 3 percent after Trump again criticizes OPEC
Oil futures tumbled 3 percent on Monday after U.S. President Donald Trump called for OPEC to “relax and take it easy” on boosting crude prices, which he said were climbing too high.
