Japan Post agrees to $5.1 billion takeover of Australia’s Toll Holdings
SYDNEY/TOKYO (Reuters) – Financial giant Japan Post Holdings Co Ltd launched its global expansion strategy with its largest ever deal on Wednesday, agreeing a A$6.5 billion ($5.1 billion) takeover of Australian freight and logistics firm Toll Holdings …
Stock markets keep calm and carry on
LONDON (Reuters) – War, financial crises and deflation again haunt the markets in the new year, but stocks somehow keep calm and carry on.
Caterpillar reports SEC investigation of cash movement
(Reuters) – The movement of cash among Caterpillar Inc’s U.S. and foreign subsidiaries is being investigated by U.S. authorities, the company said in a regulatory filing on Tuesday.
Soros bet on Devon Energy, Transocean ahead of oil price rise
NEW YORK (Reuters) – Soros Fund Management LLC took new positions in the energy sector in the fourth quarter, including stakes in Devon Energy Corp and Transocean Ltd, a regulatory filing showed Tuesday.
Snapchat seeks new funding at up to $19 billion valuation: Bloomberg
(Reuters) – Snapchat is looking to raise as much as $500 million in a new funding round that would value the mobile messaging company at up to $19 billion, Bloomberg reported on Tuesday, citing a person with knowledge of the matter.
Hedge funds exited tumbling oil company shares late last year
BOSTON (Reuters) – Prominent investors ranging from Leon Cooperman and Steven A. Cohen have long liked exploration and production companies, but when tumbling oil prices wreaked havoc on their share prices late last year, hedge fund billionaires scramb…
Buffett’s Berkshire builds Deere stake, dumps Exxon
NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Tuesday disclosed a 5 percent stake in agricultural equipment maker Deere & Co and said it shed a $3.74 billion investment in oil company Exxon Mobil Corp as oil prices plunged.
BofA chief Moynihan’s pay cut 7 percent to $13 million: source
NEW YORK (Reuters) – Bank of America Corp Chairman and Chief Executive Officer Brian Moynihan received a 7 percent pay cut in 2014, a source familiar with the matter said on Tuesday, as the bank’s full-year profit fell 58 percent on higher legal settle…
U.S. hedge funds unload Alibaba shares in fourth quarter
NEW YORK (Reuters) – Several of the biggest hedge fund managers slashed or dissolved their stake in China’s Alibaba Group Holding Ltd at the end of last year, taking a prescient bet ahead of the company’s surprise revenue miss last quarter that sent sh…
Snapchat seeks new funding at up to $19 billion valuation: Bloomberg
(Reuters) – Snapchat is looking to raise as much as $500 million in a new funding round that would value the mobile messaging company at up to $19 billion, Bloomberg reported on Tuesday, citing a person with knowledge of the matter.
