February 24, 2018

Exclusive: Nordstrom family group finalizing take-private offer – sources

(Reuters) – Nordstrom Inc’s founding family group is finalizing plans to submit an offer to take the U.S. department store operator private, people familiar with the […]
February 24, 2018

Dropbox files for IPO of up to $500 million

(Reuters) – Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission. […]
February 24, 2018

Geely chairman builds $9 billion stake in Germany’s Daimler

BEIJING/FRANKFURT (Reuters) – The chairman of Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Mercedes-Benz owner Daimler , making a $9 […]
February 24, 2018

India’s Choksi claims innocence in PNB fraud with open letter

MUMBAI (Reuters) – Mehul Choksi, one of two businessmen allegedly involved in perpetrating India’s biggest ever banking fraud, broke his silence at the weekend with an […]
February 24, 2018

GE says it may face U.S. action over subprime mortgage operations

NEW YORK (Reuters) – General Electric Co faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct […]
February 24, 2018

China cuts banking red tape to rally foreign investment – Xinhua

BEIJING (Reuters) – China’s banking regulator has introduced steps to cut the red tape for foreign banks, state media agency Xinhua said on Saturday, as part […]
February 24, 2018

With $116 billion cash, Buffett says Berkshire needs ‘huge acquisitions’

NEW YORK (Reuters) – Warren Buffett on Saturday lamented his inability to find big companies to buy, and said his goal is to make “one or […]
February 24, 2018

ECB pulls the plug on Latvia’s failing ABLV Bank

FRANKFURT/RIGA (Reuters) – Latvia’s ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, […]
February 24, 2018

Chile president-elect plans to add more Codelco management: paper

SANTIAGO (Reuters) – Chile’s President-elect Sebastian Pinera plans to create two new management units at the world’s largest copper producer, state-run Codelco, to improve operations, his […]
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