Hasbro results dented by lingering Toys ‘R’ Us woes, shares fall
Toymaker Hasbro Inc missed analysts’ estimates for quarterly revenue and profit on Monday, as the demise of major retail partner Toys ‘R’ Us hurt sales in the United States and Europe, sending its shares down 9 percent in early trading.
PayPal backs emerging markets lender Tala
PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday.
Oil holds near $80 as Saudi Arabia plans output increase
Oil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies.
French company Danone expects to triple size of plant-based business by 2025
French food group Danone expects to triple the size of its plant-based business to 5 billion euros ($5.75 billion) by 2025 as it pushes further into the field of healthy eating trends.
KKR’s Calsonic buys Fiat Chrysler parts firm Magneti Marelli for $7.1 billion
Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier.
Global banks curb China travel after UBS private banker stopped from leaving
Several global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said.
Philip Morris stop-smoking campaign attacked as PR stunt
Marlboro cigarette maker Philip Morris International drew accusations of hypocrisy on Monday after using a four-page newspaper advertisement to urge smokers to quit cigarettes.
Telefonica Deutschland calls for regulators to block Vodafone-Liberty deal
The head of Telefonica Deutschland called on Monday for EU regulators to block Vodafone’s planned acquisition of Liberty Global, saying it would lead to a “quasi-monopolisation” of the German cable TV market.
Italy relief, hopes for China stimulus buoy global stocks
European shares crept higher on Monday on relief over Italy’s budget, tracking rallies in Asia markets after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs.
SoftBank COO pulls out of Saudi Arabia conference: Bloomberg
SoftBank Group Corp’s Chief Operating Officer Marcelo Claure will not be attending the Saudi Arabia investment conference this week, Bloomberg reported on Monday, citing a person familiar with the matter.
