Icahn, Deason want bid of at least $40 per share for Xerox
(Reuters) – Carl Icahn and Darwin Deason, shareholders in Xerox Corp who oppose an agreed deal with Fujifilm Holdings , said they would consider an all-cash bid of at least $40 per share – a 43 percent premium to the Japanese firm’s offer.
Oil trims gains ahead of Trump Iran announcement, Asia shares up
TOKYO/SHANGHAI (Reuters) – Oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal, a move that could disr…
Memory boost: How chipmakers are weathering slowing smartphone sales
SEOUL/SINGAPORE (Reuters) – Investors in global chipmakers have had a rocky ride in the last few months on worries about a slowing smartphone market, but a clamor for more video content from consumers is underpinning buoyant sales for memory-chip maker…
Oil elevated ahead of Trump Iran announcement, shares firm
TOKYO (Reuters) – Oil prices stood near their highest since late 2014 on Tuesday, ahead of an announcement by U.S. President Donald Trump on whether he would withdraw from a landmark nuclear deal with Iran, which fueled concerns about crude supply.
ValueAct takes $1.2 billion stake in Citigroup: letter
(Reuters) – Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc, citing the U.S. bank’s low risk and reliable revenue and not calling for major changes, according to a letter seen by Reuters on Monday.
Wynn Resorts allowed to drop Wynn from Massachusetts casino license
BOSTON (Reuters) – Massachusetts’ gambling regulator on Monday said it will allow Wynn Resorts Ltd to remove founder Steve Wynn’s name from its license for a planned $2.5 billion casino following allegations that Wynn subjected women who worked for hi…
Snap hires Amazon veteran Tim Stone as CFO
(Reuters) – Snapchat-owner Snap Inc said Tim Stone, an Amazon.com Inc veteran who had led the integration of the online retailer’s $13.7-billion Whole Foods acquisition, would replace Andrew Vollero as chief financial officer.
Walmart likely to announce Flipkart deal before end of week: sources
MUMBAI/BENGALURU (Reuters) – Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant’s biggest…
Exclusive: Comcast prepares all-cash bid to gate-crash Disney-Fox deal – sources
(Reuters) – U.S. cable operator Comcast Corp is asking investment banks to increase a bridge financing facility by as much as $60 billion so it can make an all-cash offer for the media assets that Twenty-First Century Fox Inc has agreed to sell to Walt…
Xerox loses bid for quick appeal of decision to block Fujifilm deal
(Reuters) – Xerox Corp has lost its bid for a quick appeal of a decision to block its deal with Fujifilm Holdings , according to a court filing on Monday, handing a victory to activist investors Carl Icahn and Darwin Deason in the months-long saga.
