Exclusive: Carlyle Group in talks to buy Sedgwick Claims – sources
Private equity firm Carlyle Group LP is in talks to acquire Sedgwick Claims Management Services Inc, the largest U.S. insurance claims service provider, for more than $6 billion, including debt, people familiar with the matter said on Tuesday.
Oil prices rise on lower U.S. crude inventories, looming Iran sanctions
Oil prices rose on Wednesday after a report of falling crude inventories and the looming sanctions against Iran fueled expectations of a tightening market.
In Tesla’s shadow, China’s NIO prices IPO at low end of target: source
Chinese electric vehicle start-up NIO Inc priced at the bottom of its targeted price range in its U.S. initial public offering on Tuesday, a person familiar with the matter said, dragged down by investor concerns about the prospects of chief competito…
Chinese automaker NIO’s IPO prices at $6.25 per share: source
Chinese electric vehicle start-up NIO Inc priced at $6.25 per share in its initial public offering on the New York stock exchange on Tuesday, at the bottom of its targeted price range, a person familiar with the matter said.
Judge blocks U.S. fund’s lawsuit against Wells Fargo over ‘vol-mageddon’
A Chicago fund manager cannot pursue a lawsuit against a Wells Fargo & Co unit over claims the bank cost the fund manager millions by forcing it to sell its holdings during a February market rout, a judge ruled on Tuesday.
Sports Direct’s Ashley faces investor revolt in absentia
Mike Ashley, the billionaire founder and majority owner of Sports Direct , faces a potential shareholder revolt at the company’s annual meeting on Wednesday, though he will not be present to hear any protests.
HSBC to bolster Asia private banking headcount, double client assets
HSBC Holdings Plc aims to increase its Asia private banking headcount by two-thirds in five years and double client assets in eight as it eyes a bigger share of the business in the world’s fastest-growing wealth market, top executives said.
NXP shares drop after executives outline post-Qualcomm path
Shares of Dutch chipmaker NXP Semiconductors fell 4.4 percent on Tuesday after executives outlined their strategy after the collapse this year of a proposed merger with Qualcomm Inc but said they did not expect to raise gross margins to the level of …
Boeing 737 production rebounds as planemaker extends lead over Airbus
Boeing Co bounced back from a production snarl to deliver 48 single-aisle 737s in August and extended its lead over rival Airbus for new orders.
Exclusive: U.S. regulators reject Wells Fargo’s plan to repay customers – sources
U.S. regulators have rejected Wells Fargo & Co’s plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated every affected driver, three sources familiar with the matter told Reuters.
