capital-markets

U.S. services sector activity scales one-year high

U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week. Monday's bullish report from the Institute for Supply Management (ISM)…

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U.S. services sector activity scales one-year high

capital-markets

Global investment banks have slowest first half since 2012

By Anjuli Davies LONDON (Reuters) – Global investment banking fees fell by nearly a quarter in the first half of 2016 from a year earlier as market volatility hit capital markets and M&A deal making, Thomson Reuters data published on Monday showed. Global fees for services ranging from merger and acquisitions advisory services to…

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Global investment banks have slowest first half since 2012

capital-markets

Western Digital investor Alken pushes to cancel SanDisk deal

Western Digital agreed to buy SanDisk in a $19 billion deal in October to help increase its ability to make flash memory storage chips used in smartphones and tablets. The London-based investment manager, Alken Asset, said weakness in the storage chip market has hurt Sandisk's stock price which in turn will hurt Western Digital if the deal goes through. “The price being paid for SanDisk is excessive in light of the changing landscape for SanDisk's products and capital markets…

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Western Digital investor Alken pushes to cancel SanDisk deal

capital-markets

Syngenta rejects $42 billion ChemChina offer: Bloomberg

(Reuters) – The world's largest agrichemicals company, Syngenta AG , has rejected a $42 billion takeover offer by state-owned China National Chemical Corp, Bloomberg reported on Thursday, lifting Syngenta's shares. Syngenta is under…

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Syngenta rejects $42 billion ChemChina offer: Bloomberg

capital-markets

VW brand sales fall 5.3 percent in first full month of scandal

BERLIN (Reuters) – Volkswagen brand sales fell 5.3 percent in October, the first full month after Europe's biggest carmaker was found cheating diesel emissions tests in the United States. Deliveries of VW brand vehicles dropped to 490,000 cars from 517,400 a year ago, the eighth straight monthly drop at VW's biggest autos division by sales and revenue, the carmaker said on Friday. “The VW brand is experiencing challenging times,” sales chief Juergen Stackmann said. “We not only

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VW brand sales fall 5.3 percent in first full month of scandal

capital-markets

J.C. Penney sales beat, helped by home goods and Sephora

Macy's Inc and Nordstrom Inc , whose customers tend to be more affluent than Penney's, both cut their full-year forecasts this week after reporting disappointing results. J.C. Penney's gross margin rose by 70 basis points to 37.3 percent, helped by improved clearance and promotional selling margins as well as supply chain efficiencies. Net sales rose 4.8 percent to $2.90 billion.

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J.C. Penney sales beat, helped by home goods and Sephora

capital-markets

U.S. retail sales weak; inflation pressures remain subdued

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth. Weak inflation and signs of slowing consumer spending could complicate the Federal Reserve's decision next month whether to …

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U.S. retail sales weak; inflation pressures remain subdued