Exclusive: Colfax picks Goldman to sell Howden business – sources
Colfax Corp is pressing ahead with plans to sell its air and gas handling unit Howden as part of a shift to focus on the medical devices industry and has hired Goldman Sachs to handle the process, four sources close to the matter told Reuters.
Halliburton shares fall as North America lags
Shares of oilfield firm Halliburton Co fell sharply on Tuesday after the company forecast lower revenues in key business areas in the first quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019 spending.
PG&E shares surge after company secures $5.5 billion in bankruptcy financing
U.S. power producer PG&E Corp’s shares surged more than 10 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing from four banks as it prepares to file for Chapter-11 bankruptcy protection.
Starboard, Elliott tell eBay to sell assets, restructure
Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc and urged changes at the e-commerce platform including the sale of some of its businesses, which could release billions of dollars in capital.
Saudi Aramco eyes multi-billion-dollar U.S. gas acquisitions: CEO
Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend “billions of dollars” there as it aims to become a global gas player, the company’s CEO said on Tuesday.
Exclusive: Worst-case no-deal Brexit puts Bentley’s return to profit at ‘fundamental risk’
Loss-making carmaker Bentley is on track to be profitable this year but a worst-case no-deal Brexit puts that at “fundamental risk”, its boss told Reuters, adding that the chance of Britain leaving the EU on March 29 with a deal now seemed “fairly low….
Wall Street edges lower as global growth fears resurface
U.S. stocks fell on Tuesday, weighed by losses in the industrials and technology sectors, as fears of slowing global economic growth resurfaced after the International Monetary Fund trimmed its outlook in a week of heavy corporate earnings.
Oil drops more than 2 percent as China slowdown bites
Oil prices fell more than 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand.
Brazil’s Bolsonaro uses Davos speech to appeal to big business
Brazil’s new right-wing President Jair Bolsonaro threw out the welcome mat for big business and foreign investors on Tuesday, telling a summit of CEOs in Davos that his government would make the country one of the top 50 in which to do business.
P&O to change flag of UK ships to Cyprus ahead of Brexit
British ferry and shipping freight operator P&O will shift the registration of its UK vessels to Cyprus ahead of Britain’s departure from the European Union, in part to keep its tax arrangements in the bloc, the company said on Tuesday.
