T-Mobile agrees to acquire Sprint for $26 billion
(Reuters) – T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in a $26 billion all-stock deal that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers….
Saudi Aramco appoints first woman to the board
DUBAI (Reuters) – Saudi Aramco, the world’s top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few wo…
Saudi Aramco appoints new board members including a woman
DUBAI (Reuters) – Saudi Aramco, the world’s top oil company, has appointed three new members to its board including a woman executive, the state run company said on Sunday.
China eases restrictions on foreign ownership of securities ventures
BEIJING (Reuters) – China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership.
Ex-Wynn Resorts CEO files defamation lawsuit against former employee – WSJ
(Reuters) – Steve Wynn, who resigned in February as chief executive of Wynn Resorts Ltd following allegations of sexual misconduct, has filed a defamation lawsuit against a former employee of the casino company, the Wall Street Journal reported on Sat…
Canadian exchange operator TMX blames hardware failure for outage
TORONTO (Reuters) – Canada’s largest stock exchange operator said on Saturday that the failure of data storage equipment caused an outage that shut down the world’s sixth-largest stock market for several hours on Friday afternoon.
Outrage breaks out after Whole Foods partners with Yellow Fever eatery
LOS ANGELES (Reuters) – Amazon.com’s Whole Foods Market sparked social media outrage after its newest store in its 365 grocery chain partnered with an Asian restaurant with the racially charged name of Yellow Fever.
Sainsbury’s, Walmart’s Asda to create UK supermarket powerhouse
LONDON (Reuters) – Sainsbury’s and Walmart’s Asda are in talks to create Britain’s biggest supermarket group, a combination which would surpass Tesco’s grocery market share and be worth up to 15 billion pounds ($20.7 billion).
Russia gives tentative nod to Schlumberger’s acquisition of EDC stake
MOSCOW (Reuters) – Russia has given preliminary approval to a bid by U.S. oilfield services giant Schlumberger to acquire up to 49 percent of Russia’s Eurasia Drilling Co (EDC), an unexpected decision given a chilling in U.S.-Russian relations.
Sainsbury’s, Walmart’s Asda in talks to create UK grocery leader
LONDON (Reuters) – Sainsbury’s and Walmart’s Asda are in talks to create Britain’s biggest supermarket group, overtaking Tesco by market share in a combination of their UK businesses worth up to 15 billion pounds ($20.7 billion).
