SoftBank succeeds in tender offer for Uber shares
(Reuters) – A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi.
IAG in exclusive takeover talks for Niki-source close to process
FRANKFURT/VIENNA (Reuters) – British IAG is in exclusive talks to buy Niki, Air Berlin’s insolvent Austrian airline, a source close to the process said on Thursday, after Niki’s administrator said that one bidder out of four remained.
SandRidge yields to Icahn pressure, ends Bonanza Creek deal
(Reuters) – Oil and gas producer SandRidge Energy on Thursday backed out from its plan to buy smaller rival Bonanza Creek Energy , giving in to pressure from activist investor Carl Icahn and other shareholders.
SoftBank succeeds in bid buy Uber shares
(Reuters) – A consortium led by SoftBank Group Corp successfully bought a large number of shares of Uber Technologies Inc [UBER.UL] in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, handing a victory to new Chief Exec…
Wall Street rises as financials, tech advance
NEW YORK (Reuters) – U.S. stocks edged higher in light trading on Thursday, buoyed by gains in financial stocks and as technology stocks continued to slowly recover from a losing skid.
Bank stocks buoy Wall Street in another low-volume session
NEW YORK (Reuters) – U.S. stocks edged higher in light trading on Thursday, buoyed by gains in financial stocks and as technology stocks continued to slowly recover from a losing skid.
SoftBank tender for Uber stake succeeds at discounted price: WSJ
(Reuters) – A consortium led by SoftBank Group Corp will buy a more than 15 percent stake in Uber Technologies Inc [UBER.UL] after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion,…
VW to try to block emissions audit in constitutional court
FRANKFURT (Reuters) – Volkswagen AG said on Thursday it would petition Germany’s constitutional court in an effort to overturn the appointment of a special auditor to investigate the actions of management in the “Dieselgate” emissions scandal.
With lineup widening, Apple depends less on iPhone X
SAN FRANCISCO (Reuters) – In years past, demand for Apple Inc’s latest flagship phone was critical to the company’s results over the holiday shopping quarter.
GM wins ruling that could narrow ignition switch litigation
NEW YORK (Reuters) – General Motors Co on Thursday won a court ruling that could reduce the private litigation it faces over flawed vehicle ignition switches, which have been linked to 124 deaths and triggered a big recall.
