Japan’s NTT Data agrees to buy Dell’s IT services unit for $3 billion
(Reuters) – Japan’s NTT Data Corp said on Monday it has agreed to buy Dell Inc’s information technology consulting division for over $3 billion to expand in North America and bolster its services business.
China’s Anbang raises offer for Starwood to $14 billion
(Reuters) – China’s Anbang Insurance Group Co raised its offer for Starwood Hotels & Resorts Worldwide Inc to almost $14 billion, Starwood said on Monday, in the latest challenge to the U.S. hotel operator’s merger with Marriott International Inc .
Avon strikes deal with Barington Capital to avoid proxy fight
(Reuters) – Cosmetics maker Avon Products Inc has agreed to give Barington Capital Group LP the right to approve the appointment of an independent director, in a bid to avoid a proxy fight with the activist investor.
Pandora Media’s founder returns as CEO; shares fall
(Reuters) – Online music streaming service Pandora Media Inc appointed founder Tim Westergren as its chief executive to replace Brian McAndrews, who left the company on Monday, sending its shares down 10 percent.
Volkswagen recalls 5,600 U.S. electric vehicles for stalling issue
WASHINGTON (Reuters) – Volkswagen AG is recalling nearly 5,600 electric e-Golf cars in the United States to address a battery problem that can cause stalling, the company said Monday.
Valeant CEO subpoenaed to testify before U.S. Senate panel
WASHINGTON (Reuters) – The chief executive of Valeant Pharmaceuticals International Inc, which is under scrutiny for dramatically hiking the price of older drugs, has been summoned to testify at a U.S. congressional hearing on April 27, the panel said …
Oil down in thin holiday trading; banks warn of $30 levels
NEW YORK (Reuters) – Crude futures fell on Monday as European markets observed the Easter break while U.S. data showed hedge funds and other big speculators still slow to build long positions after the oil price rebound of the past two months.
U.S. gives antitrust approval to GM’s purchase of Cruise Automation
(Reuters) – General Motors Co has won U.S. antitrust approval for the purchase of Silicon Valley startup Cruise Automation Inc, the Federal Trade Commission said on Monday.
China bank profits flat-line as bad debts continue to soar
BEIJING (Reuters) – China’s Big Four state-run banks this week are set to report annual earnings growth that likely flat-lined after around a decade of terrific profitability, as a surge in soured loans continued unabated while economic expansion weake…
With crisis plans and cuts, British bosses brace for Brexit
HEREFORD, England (Reuters) – Above a factory floor of machines carving metal to within a millionth of a meter, Stephen Cheetham is preparing his company for the unknown: a British exit from the European Union.
