BB&T Corp to buy SunTrust Banks for $28 billion in stock
BB&T Corporation said on Thursday it will buy SunTrust Banks Inc for $28.24 billion in an all-stock deal, creating the sixth largest U.S. bank based on assets and deposits.
Democratic Senators renew call for Deutsche Bank probe at banking committee
Two Democratic U.S. Senators – one of whom is a presidential candidate – renewed their calls on Thursday for a probe by the Senate banking committee into Deutsche Bank laundering allegations, according to a letter seen by Reuters.
Renault needs to show ‘total transparency’: French finance minister
French carmaker Renault needs to show “total transparency” as it probes its business practices, including a sponsorship deal stuck with the Chateau de Versailles, finance minister Bruno Le Maire said on Thursday.
Thomas Cook looks to airline sale to raise cash
Travel group Thomas Cook said it was willing to sell its profitable airline business to raise cash and fund its fight back from a torrid 2018 and signs of a tough year ahead.
World shares go weak as dollar extends power surge
World shares ground to a halt on Thursday as the dollar scored its longest winning streak since a hot run in early October that helped set off a wave of global ‘bear’ markets.
WeWork picks South Africa for first African foray
U.S. shared workspace provider WeWork plans to launch in South African later this year, it said on Thursday, a move that would mark the first African expansion for the $47 billion New York-based company.
Renault to alert prosecutors over ex-CEO Ghosn’s wedding costs
Renault has found evidence that it paid part of Carlos Ghosn’s wedding costs and is preparing to turn the investigation over to prosecutors, two weeks after the French carmaker’s scandal-hit chairman and chief executive was forced out.
Thomas Cook puts airline business up for sale to raise cash
Travel group Thomas Cook said on Thursday it was willing to sell its airline business to raise cash and fund its fight back from a torrid 2018 and signs of a tough 2019 ahead.
Pernod CEO hopes new strategy plan will please all its shareholders
The boss of Pernod Ricard said on Thursday that the priority of the French spirits group, which is under pressure from activist investor Elliott, was to create long-term value and added he had no plans to sell its champagne assets.
Italy to ban Huawei from its 5G plans: paper
Italy will ban China’s Huawei Technologies and ZTE Corp from playing a role in the roll out of the country’s 5G infrastructure, Italy’s La Stampa newspaper said on Thursday citing sources.
