EU resumes Bayer-Monsanto deal review; new deadline March 5
FRANKFURT/BRUSSELS (Reuters) – The European Commission has resumed its antitrust review of Bayer’s planned takeover of U.S. seed maker Monsanto after the companies were given time to provide more information.
Nasdaq slightly higher on likely megadeal in chip sector
(Reuters) – A potential $103-billion megadeal in the chip sector lifted the tech-heavy Nasdaq on Monday but the S&P and the Dow Industrials remained flat.
Supreme Court rejects Samsung appeal of patent loss to Apple
(Reuters) – The U.S. Supreme Court on Monday refused to step back into the years-long feud over patents between the world’s top smartphone makers, declining to hear Samsung’s appeal of a lower court ruling that reinstated a jury award of about $120 mi…
Anthem top executive Swedish to become adviser, Boudreaux named CEO
(Reuters) – Anthem Inc’s Joseph Swedish will be replaced as chief executive by industry veteran Gail Boudreaux but will stay on as executive chairman until May 2018 and be a senior adviser through May 2020, the health insurer said on Monday.
PSA to cut Opel models, curb discounts: Frankfurter Allgemeine
BERLIN (Reuters) – PSA Group plans to cut the number of models and rein in discounts at its Opel division, Frankfurter Allgemeine Zeitung reported on Monday, without citing the source of its information.
Broadcom offers $103 billion for Qualcomm, sets up takeover battle
(Reuters) – Chip maker Broadcom Ltd made an unsolicited $103 billion bid for Qualcomm Inc on Monday, setting the stage for a major takeover battle as it looks to dominate the fast-growing market for semiconductors used in mobile phones.
Oil hits two-and-a-half year peak on Saudi purge, world shares retreat
LONDON (Reuters) – Oil jumped to its highest in over two years on Monday as Saudi Arabia’s crown prince cemented his power through a crackdown on corruption, while world shares eased a notch and major currencies traded in tight ranges.
UK financial services watchdog to investigate wholesale insurance brokers
LONDON (Reuters) – Britain’s financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has complained of “abusive behavior”.
Goldman Sachs, China’s CIC to launch up to $5 billion fund: sources
HONG KONG (Reuters) – Goldman Sachs is partnering with sovereign fund China Investment Corp (CIC) to jointly launch an up to $5 billion fund to invest in U.S. manufacturers, according to people familiar with the situation.
Broadcom offers to buy mobile chipmaker Qualcomm for $103 billion
(Reuters) – Communications chipmaker Broadcom Ltd on Monday said it offered to buy smartphone chip supplier Qualcomm Inc for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever.
