Blackstone to buy LaSalle Hotel for $3.7 billion
(Reuters) – Private equity firm Blackstone Group LP said on Monday it would buy U.S. hotel owner LaSalle Hotel Properties for $3.7 billion, topping a rival bid from Pebblebrook Hotel Trust in April for $3.5 billion.
GE merges transportation unit with Wabtec in $11.1 billion deal
(Reuters) – General Electric Co confirmed on Monday it was unloading the bulk of its transportation business which makes train engines to Wabtec Corp , a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion.
Futures jump as U.S.-China trade spat put ‘on hold’
(Reuters) – U.S. stock index futures jumped on Monday, with manufacturers and chipmakers leading the gainers, after the United States and China put a potential trade war “on hold” while the world’s two biggest economies work on a wider agreement.
British court dismisses charges against Barclays over 2008 capital raise
LONDON (Reuters) – A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operation…
Fifth Third Bancorp to buy MB Financial for about $4.7 billion
(Reuters) – U.S. regional bank Fifth Third Bancorp on Monday said it would buy MB Financial Inc in a stock-and-cash deal valued at about $4.7 billion.
China relieved U.S. trade war is ‘on hold’; U.S. business ambivalent
BEIJING (Reuters) – China on Monday praised a significant dialing back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China’s refusal to su…
Stocks, oil and dollar rise as trade war put ‘on hold’
LONDON (Reuters) – Stocks, oil prices and the dollar were on the rise on Monday after the U.S.-China trade war was declared “on hold” while in Europe, Italy’s borrowing costs climbed and the Milan bourse retreated as two anti-establishment parties got closer to power.
Italy must present Monte dei Paschi exit plan by 2019: CEO tells paper
MILAN (Reuters) – Italy must present the European Commission with a plan for its exit from lender Monte dei Paschi by 2019, Chief Executive Marco Morelli told daily Corriere della Sera.
Exclusive: BP back on its feet but CEO senses no respite
LONDON (Reuters) – After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed.
Rusal says Deripaska has not formally resigned; reiterates sanctions may hit business
HONG KONG (Reuters) – Russia’s largest aluminum producer Rusal said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by U.S. sanctions.
