Weak investment climate main 5G risk, not security fears: Ericsson
Europe risks falling behind other regions in rolling out 5G mobile services because of onerous regulation and weak investment rather than any security concerns about Chinese equipment, Ericsson CEO Borje Ekholm said on Monday.
GE chief Culp sells biopharma business for $21 billion
Shares of General Electric Co surged 11 percent on Monday after the U.S. industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21 billion, its first major asset sale under new Chief Executive Officer Larry Culp.
Barrick bids $18 billion for Newmont in gold mega-merger
Canada’s Barrick Gold Corp offered to buy U.S. rival Newmont Mining Corp for nearly $18 billion in stock on Monday, in a deal that would combine the world’s two largest gold producers.
Warren Buffett says Berkshire overpaid for Kraft Heinz
Warren Buffett said on Monday his Berkshire Hathaway Inc overpaid in the 2015 merger that created Kraft Heinz Co, but he had no plans to flee the struggling packaged foods company.
RTL sells Universum Film to U.S. firm KKR
Broadcaster RTL on Monday said it had sold Universum Film, a unit specialized in film rights, to U.S. private equity KKR for an undisclosed sum.
Trump calls on OPEC to ‘relax,’ says oil prices are too high
U.S. President Donald Trump on Monday expressed concern about oil prices and repeated his previous calls on the Organization of the Petroleum Exporting Countries (OPEC) to keep prices steady.
GE sells biopharma drug business to Danaher for $21.4 billion
General Electric Co said on Monday it would sell its biopharma business to Danaher Corp for $21.4 billion, as the U.S. industrial conglomerate sheds non-core businesses to focus on its industrial unit.
Buffett says Berkshire overpaid for Kraft Heinz
Warren Buffett said on Monday that his company Berkshire Hathaway Inc overpaid in the merger that created Kraft Heinz Co.
World shares climb after Trump delays tariffs on Chinese imports
World stock markets rose on Monday after U.S. President Donald Trump said he would delay a tariff hike on Chinese imports, buoying hopes of a resolution to a trade war between the world’s two biggest economies.
Baring Vostok asks Putin to intervene after U.S. investor detained
Russia-based private equity group Baring Vostok appealed on Monday for President Vladimir Putin to intervene in a criminal investigation into its U.S. founder Michael Calvey and other executives.
