From Trump to Brexit, politics drive firms into insurers’ arms
ZURICH/LONDON (Reuters) – Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets.
Exclusive: Fresenius nears deal to acquire Akorn – sources
(Reuters) – German healthcare conglomerate Fresenius SE & Co KGaA is close to acquiring generic drugmaker Akorn Inc in an all-cash deal valuing the company at more than $4 billion, people familiar with the matter said on Monday.
Microsoft’s Nadella banks on LinkedIn data to challenge Salesforce
SAN FRANCISCO (Reuters) – Microsoft Corp is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company’s long-term strategy for building special…
Supreme Court rejects GM bid to block ignition switch suits
(Reuters) – General Motors Co’s bid to block hundreds of lawsuits, potentially worth billions of dollars, over a deadly ignition-switch defect broke down on Monday when the U.S. Supreme Court refused to hear its appeal claiming the suits were barred b…
PPG raises offer for Akzo Nobel to $29 billion
AMSTERDAM (Reuters) – U.S. paint maker PPG Industries raised its proposed offer for Akzo Nobel by about 8 percent to 26.9 billion euros ($28.8 billion) on Monday, increasing the pressure on its Dutch rival to enter into talks.
Halliburton gains from rising oil well completions in North America
(Reuters) – Halliburton Co said on Monday that oil producers are completing nearly as many wells as they are drilling, a major reversal from when companies left wells unfinished in anticipation of higher oil prices.
Wal-Mart e-commerce investment arm names new retail startup CEO
(Reuters) – Wal-Mart Stores Inc , the world’s no.1 retailer, said its recently launched startup investment arm, Store No 8, has hired Jenny Fleiss as the chief executive of its first portfolio company.
NASH: The next untapped pharma market gives investors many options
(Reuters) – Large drugmakers with piles of cash are on the hunt for promising medicines being developed by small companies to treat NASH, a progressive fatty liver disease poised to become the leading cause of liver transplants by 2020.
French election results catapult Wall Street higher; Nasdaq sets record
NEW YORK (Reuters) – U.S. stocks rallied on Monday, tracking a relief rally that swept through Asian and European markets, after centrist candidate and market favorite Emmanuel Macron won the first round of the French presidential election.
Chevron to sell Bangladesh gas fields to Chinese consortium
(Reuters) – Chevron Corp is selling its three Bangladesh gas fields, worth an estimated $2 billion, to a Chinese consortium as the U.S. oil and gas group looks to shed non-core assets this year.
