Merger partners Sainsbury’s and Asda lag rivals: Kantar
LONDON (Reuters) – Sainsbury’s and Asda, the two British supermarkets planning to merge, had the slowest sales of the “big four” chains in the 12 weeks to April 22, market data showed on Tuesday.
U.S. stock futures edge up as Washington extends tariff exemptions
TOKYO (Reuters) – U.S. stock futures edged up and Australian shares hit seven-week highs on Tuesday after the United States postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico, and offered permanent exemption…
‘We’re in the Money’: Sainsbury’s CEO filmed singing after Asda deal
LONDON (Reuters) – The chief executive of Sainsbury’s was filmed singing “We’re in the Money” hours after announcing that the supermarket he runs would buy rival Asda, boosting his company’s value by 860 million pounds ($1.18 billion).
Boeing to buy aerospace parts maker KLX for about $3.2 billion
(Reuters) – Plane maker Boeing Co said on Tuesday it will buy aerospace parts company KLX Inc for about $3.2 billion in cash to expand its aircraft services business.
Fed likely to keep rates steady; investors bet on June hike
WASHINGTON (Reuters) – The U.S. Federal Reserve is set to hold interest rates steady this week but will likely further encourage expectations that it will lift borrowing costs in June on the back of rising inflation and low unemployment.
Elliott begins dispute against South Korea over 2015 Samsung merger: government official
SEOUL (Reuters) – U.S. activist fund Elliott Management has begun a legal dispute with South Korea over a controversial 2015 merger of two Samsung affiliates after Elliott lost a proxy battle to block it, a South Korean government official said on Tues…
Boeing to buy aerospace parts maker KLX for about $3.2 billion in cash
(Reuters) – Plane maker Boeing Co said on Tuesday it would buy aerospace parts company KLX Inc for about $3.2 billion in cash to expand its aircraft services business.
Weinstein Company set to be taken over by Lantern Capital: sources
(Reuters) – Private equity firm Lantern Capital is nearing a deal to acquire the Weinstein Company, the TV and film studio whose former chairman Harvey Weinstein faces sexual assault claims, with a $310 million offer, people familiar with the matter sa…
China’s HNA drops bid to buy Scaramucci’s SkyBridge on regulatory pushback
(Reuters) – Chinese conglomerate HNA Group’s bid to buy a majority stake in SkyBridge Capital, a hedge fund investment firm founded by U.S. President Donald Trump’s former aide Anthony Scaramucci, has been called off after facing regulatory resistance….
U.S. stock futures pare losses as Washington extends tariff exemptions
TOKYO (Reuters) – U.S. stock futures pared small losses while Australian shares hit seven-week highs on Tuesday after the United States extended the deadline for its steel and aluminum tariffs to take effect.
