Akzo Nobel reshapes business with 10 billion euro sale
AMSTERDAM (Reuters) – Akzo Nobel will sell its chemicals business in a 10.1 billion euro ($12.6 billion) deal to buyers led by Carlyle Group, the maker of Dulux paints said on Tuesday, making good on a promise made as it fought off a takeover last year…
Shares in French retailer Casino rally after Amazon deal
PARIS (Reuters) – Shares in Casino surged on Tuesday after its Monoprix chain agreed to sell products via Amazon in its first such partnership in French food retail.
Apple set to update iPad lineup at Chicago education event
CHICAGO (Reuters) – Apple Inc on Tuesday kicked off an event in Chicago where it was widely expected to announce a lower-priced iPad aimed at helping it grab more of the U.S. education market.
Facebook’s Zuckerberg will not answer UK lawmakers’ questions over data scandal
LONDON (Reuters) – Facebook boss Mark Zuckerberg will not answer questions from British lawmakers over how millions of users’ data got into the hands of political consultancy Cambridge Analytica as the company faces further pressure on both sides of th…
Bank of America Merrill Lynch, Credit Suisse disclose UK pay gaps
LONDON (Reuters) – Bank of America Merrill Lynch (BAML) and Credit Suisse on Tuesday reported mean gender pay gaps in their British operations of 28.7 percent and 39.2 percent respectively.
Risk assets jump on reports of U.S.-China trade talks
LONDON (Reuters) – Stock markets jumped and the dollar fell on Tuesday as reports that the United States and China were negotiating to avert a trade war whetted investors’ appetite for riskier assets.
GSK buys out Novartis in $13 billion consumer healthcare shake-up
FRANKFURT/ZURICH (Reuters) – GlaxoSmithKline is buying Novartis out of their consumer healthcare joint venture for $13 billion, taking full control of products including Sensodyne toothpaste, Panadol headache tablets, muscle gel Voltaren, and Nicotin…
Akzo Nobel sells chemicals business to Carlyle for 10.1 billion euros
AMSTERDAM (Reuters) – Akzo Nobel has agreed to sell its specialty chemicals business to investors led by U.S. private equity firm Carlyle Group for 10.1 billion euros ($12.6 billion), including debt — a milestone for the Dutch company as it struggles …
In China payment war, Walmart places bet on Tencent
BEIJING/SHANGHAI (Reuters) – Walmart Inc has placed a bet on Tencent Holdings Ltd’s mobile payment system, giving the tech giant a boost in its battle with Alibaba Group Holding Ltd for pole position in China’s fast-growing payments market.
Akzo Nobel to sell chemicals arm to Carlyle, GIC for 10 billion euros
AMSTERDAM (Reuters) – Akzo Nobel has agreed to sell its specialty chemicals business to U.S. private equity firm Carlyle Group and Singapore’s GIC [GIC.UL] for 10.1 billion euros ($12.6 billion), including debt.
