- Shares of the US telecom provider Sprint are tumbling in premarket trading after a Wall Street Journal report indicated the company's planned merger with T-Mobile was unlikely in its current form.
- The Department of Justice's (DOJ) antitrust division has concerns with the deal's current structure and the potential threat it would cause to competition.
- T-Mobile and Sprint are the the third and fourth largest carriers by subscribers....
Articles from Callum Burroughs1-12 of 12
1-12 of 12
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Boeing Shareholders Are Suing the Company, Claiming it Put Safety At Risk in a Reckless Pursuit of Profits that Ended in the 2 Fatal 737 Max CrashesRead Full Article
- Boeing's problems continue to mount after shareholders launched a legal challenge, claiming they were defrauded over the 737 Max's safety deficiencies.
- The lawsuit alleges securities fraud violations after the company's stock plummeted $34 billion since a fatal crash in Ethiopia last month, the second of two.
- Boeing "effectively put profitability and growth ahead of airplane safety and honesty," according to the filing at a Chicago federal court, as reported by Reuters...
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- Embattled former Nissan-Renault-Mitsubishi executive Carlos Ghosn has released a video Tuesday citing "dirty games" played by Nissan executives after he was recently re-arrested.
- The former CEO was expected to give a press conference on April 11 but the automotive executive was arrested for the fourth time since November last week instead.
- Ghosn posted one of the largest bail figures ever in Japan last month as his ordeal against the country's authorities continues...
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- Former Nissan Chairman and Renault CEO Carlos Ghosn paid one of the largest bail fees in the history of Japan — 1 billion yen ($8.9 million) — to escape jail after 108 days on Wednesday.
- Dressed like a Japanese road worker, Ghosn suggested he had been through a "terrible ordeal" but the story isn't over for the former motoring titan as he moves to a court approved home in Tokyo...
A Key Barclays Investor Which Backed CEO Jes Staley Has Cut its Entire Stake in a Major Blow to the LenderRead Full Article
- One of Barclays' largest investors, US hedge fund Tiger Global, has sold its entire holding in the bank.
- It is a major blow to the lender as it bids to turnaround its performance in its investment banking division.
- Tiger Global had been a major backer of CEO Jes Staley, but the move points to a weaker sentiment in the lender.
One of the largest shareholders in Barclays has cut its stake in the lender during a crucial period for the bank...
Buybacks are a $1 Trillion Political Hot Potato — Here's Why Politicians and CEOs are Sparring Over ThemRead Full Article
- 2018 saw record share buybacks by S&P 500 companies following the GOP's tax cuts with more than $1 trillion in stock bought back.
- Bernie Sanders and former Goldman Sachs CEO Lloyd Blankfein have been feuding on Twitter about the value of the strategy ahead of potential Democrat plans to limit buyback options by corporations.
- Other leading figures in US politics have weighed into the debate including Steve Mnuchin and Elizabeth Warren...
"We're F---ed': Barclays Insider Worried His Allegedly Sketchy Deal With Qatar Would Cost the Bank Seats on the BoardRead Full Article
- A Barclays executive said that a complex deal with Qatar designed to rescue the bank during the 2008 financial crisis was "a nightmare," in conversations repeated at trial in London.
- When former bank executives realised that Qatari investors could end up with a higher shareholding than previously expected, plus seats on the board, one banker said: "we're fucked."...
The World's CEOs are Getting Increasingly Nervous About the State of the Global Economy, a Major New Survey ShowsRead Full Article
- Global CEOs have become increasingly pessimistic about global economic growth in the past year and expect their businesses to suffer in the short to medium term as a result.
- CEOs have traditionally seen the US as the most attractive place to invest, but it is close to losing that crown, with China and India rising rapidly in the rankings...
Carlos Ghosn is Set to Spend Christmas in Prison After Being Rearrested for Allegedly Passing Losses onto NissanRead Full Article
- Carlos Ghosn's fall from grace has been dramatic and new allegations means he will likely spend Christmas behind bars.
- The auto executive has spent a month in jail following his initial arrest in Tokyo and is now suspected of passing personal losses onto Nissan.
- Ghosn was rearrested on Friday diminishing his chances of making bail as prosecutors make new allegations...
Pharma Giant GlaxoSmithKline Signs Mega Deal With Pfizer That Could Change the Face of Global HealthcareRead Full Article
- British pharmaceuticals giant GlaxoSmithKline will combine its consumer health business into a joint venture with US rival Pfizer to create a medical superpower.
- The deal could forge the largest provider of medicinal products sold directly to the public in the world.
- The move means that GSK will split into two businesses going forward.
Two of the world's largest pharmaceuticals companies are set to merge in a joint venture which could have combined sales of nearly $10 billion...
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- Carlos Ghosn, arrested Monday, is set to remain head of French car giant Renault.
- Thierry Bolloré is set to take interim charge at the car maker as deputy CEO.
- The probe into Ghosn's alleged wrongdoing has extended to bonus abuses.
- Japanese prosecutors are considering widening their investigation into Nissan's alleged wrongdoing.
Carlos Ghosn, the recently arrested head of major car brands Nissan, Mitsubishi Motors, and Renault looks set to stay on as CEO and Chairman of the French giant...
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- Merian Investors placed a bet on Renault's shares falling on October 30, according to regulatory filings.
- Renault's shares dropped as much as 14% Monday after its CEO was arrested over financial misconduct allegations.
London-based Merian Investors, formerly Old Mutual Global Investors, made a sizeable bearish bet on Renault before the stock tumbled...
Topics in the News
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- (4 articles) Japan
- (4 articles) Wall Street
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- (3 articles) Bloomberg
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Pharma Giant GlaxoSmithKline Signs Mega Deal With Pfizer That Could Change the Face of Global Healthcare
"We're F---ed': Barclays Insider Worried His Allegedly Sketchy Deal With Qatar Would Cost the Bank Seats on the Board
Carlos Ghosn Pays $9 Million Bail to Escape 'Terrible Ordeal' After 108 days in Prison
A Key Barclays Investor Which Backed CEO Jes Staley Has Cut its Entire Stake in a Major Blow to the Lender
This London Fund Made a $113 Million Short Bet on Renault Before it Tanked 14%
Carlos Ghosn Set to Remain as Renault CEO as Probe into Alleged Wrongdoing Expands
Buybacks are a $1 Trillion Political Hot Potato — Here's Why Politicians and CEOs are Sparring Over Them
The World's CEOs are Getting Increasingly Nervous About the State of the Global Economy, a Major New Survey Shows
Boeing Shareholders Are Suing the Company, Claiming it Put Safety At Risk in a Reckless Pursuit of Profits that Ended in the 2 Fatal 737 Max Crashes
Carlos Ghosn is Set to Spend Christmas in Prison After Being Rearrested for Allegedly Passing Losses onto Nissan