Boom times for healthcare mergers bring bankers 59 percent rise in fees
LONDON (Reuters) – A surge in mergers and acquisitions in the healthcare sector has been a windfall for investment bankers, with fees from activity in the sector up 59 percent in the first half of 2015, according to Thomson Reuters data.
PayPal to buy digital money transfer provider Xoom
SAN FRANCISCO (Reuters) – PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from …
Dixons Carphone in deal with Sprint to open U.S. stores
LONDON (Reuters) – British electrical goods and mobile phone retailer Dixons Carphone has sealed a deal with Sprint Corp. , the U.S. mobile network operator, that could see it open and manage up to 500 Sprint-branded stores in the United States.
GE meets EU regulators over Alstom power unit deal
BRUSSELS (Reuters) – General Electric met EU antitrust regulators on Thursday, hoping they will take a softer line on its 12.4-billion-euro ($13.7 billion) bid for Alstom’s energy unit.
Dollar firms before payrolls, Greece unease simmers
LONDON (Reuters) – The dollar was near a three-week high on Thursday and world stock markets had a delicate feel, as the implication of U.S. jobs data later for a possible Fed rate hike added to Europe’s uncertainty over Greece.
Chinese stocks tumble again, ignoring Beijing’s blandishments
SHANGHAI (Reuters) – China stocks fell sharply again on Thursday, fighting off fresh moves by regulators to restore confidence and raising questions about how much more firepower Beijing can bring to bear before a full-scale panic sets in.
U.S. hiring seen solid in June, keeping September rate hike in play
WASHINGTON (Reuters) – U.S. job growth likely cooled a bit in June after reaching a five-month high, but still-healthy hiring would suggest the labor market is strong enough to support a September interest rate increase by the Federal Reserve.
IMF’s Lagarde says Greece must reform before debt relief
WASHINGTON (Reuters) – One day after Greece became the first developed economy to default on a loan with the International Monetary Fund, the head of the international lender on Wednesday suggested Greece should move to reform its economy before its Eu…
ArcelorMittal Mexico unit to slash 2,800 jobs
MONTERREY (Reuters) – ArcelorMittal, the world’s largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on Wednesday, while accusing Russia, China and Turkey of dump…
PayPal to buy digital money transfer provider Xoom
SAN FRANCISCO (Reuters) – PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from …
