Starboard chief Smith steps in at Papa John’s
Hedge fund Starboard Value LP has picked up a $200 million stake in Papa John’s International Inc and its Chief Executive Officer Jeffrey Smith will take over as chairman of the No. 3 pizza chain in the United States, the company said on Monday.
From cars to quakes: Italy’s banks take on insurance
An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to brighten their prospects.
Toyota reports fall in U.S. auto sales in January
(This Feb 1 story corrects headline to say only Toyota’s sales fell in January, not Fiat’s)
Euronext may sweeten offer for Oslo Bors as Nasdaq makes rival bid
Stock markets operator Euronext said on Monday it may increase its offer for Oslo Bors VPS after Nasdaq made a higher rival bid.
Union meets Nissan after it axes plans to build new model in Britain
Representatives from Britain’s biggest union Unite and Nissan are meeting on Monday after the Japanese carmaker scrapped plans to build its next-generation X-Trail model at its Sunderland plant in northern England.
Oslo Bors says Nasdaq’s bid superior to Euronext’s
Nasdaq’s bid for Norwegian stock market operator Oslo Bors VPS is better for the country’s capital market as well as for companies listed on the exchange than the rival offer made by Euronext, Oslo Bors CEO said on Monday.
World stocks subdued, dollar firm as U.S. job’s bounce fades
World stocks remained near two-month highs on Monday with the dollar and oil chalking up gains, though some European bourses struggled as momentum from last week’s U.S. employment and manufacturing data bounce started to fade.
DSV’s $4 billion offer for Panalpina gets shareholder cold shoulder
Danish logistics company DSV’s $4-billion-plus bid for Panalpina hit a roadblock on Monday when the Swiss freight forwarder’s top shareholder rejected the offer, saying Panalpina should stick to its own “consolidator strategy”.
Fish help fuel bumper cannabis crops for Canadian producer
The unlikely combination of freshwater fish and cannabis is producing outsized medical marijuana crops that Green Relief Inc aims to capitalize on, as the Canadian company plots a stock market listing and global expansion.
Julius Baer to cut jobs as profitability lags
Julius Baer plans to axe 130-140 jobs, or around 2 percent of its workforce, as part of a cost-cutting plan announced on Monday, after a tough end to 2018 caused the Swiss private bank to scale back growth targets.
