Thermo Fisher Reportedly Close To Buying UK-Based Diagnostic Firm For $2.3B
Thermo Fisher Scientific Inc (NYSE: TMO) is close to acquiring UK-based diagnostic firm Binding Site from private equity fund Nordic Capital. The lab equipment and supplies giant is reportedly paying more than £2 billion ($2.3 billion) for the deal. Binding Site is developing diagnostic products to detect immune-system disorders and caters to clinicians and laboratory professionals. Also Read: […]
Royal Bank of Canada Plans UK Commercial Banking Push, But Rules Out For This Business
Royal Bank of Canada (NYSE: RY) is reportedly planning a push into the U.K.’s commercial banking market through acquisition and will look for opportunities to expand wealth management. Chief executive Dave McKay told the Financial Times that he was keen to expand into commercial banking. “What we have in the U.S., that we don’t have in […]
Juul Explores Possible Bailout With Investment From Its Top Investors
Altria Group Inc (NYSE: MO)-backed Juul Labs Inc is reportedly in talks with top-notch investors, including Nick Pritzker and Riaz Valani. They are considering putting money into the company to potentially stave off a bankruptcy filing. Messrs. Pritzker and Valani were early investors in Juul, have been longtime directors, and are among the company’s largest shareholders. The deal […]
Elon Musk’s Love Affair With Dogecoin Continues As Twitter Considers Crypto Wallet
Twitter Inc (NYSE: TWTR) is reportedly working on a cryptocurrency wallet that supports crypto deposits and withdrawals, according to Security Researcher Jane Wong. The social media platform recently launched a feature called “Tips,” which enables users to link a third-party payment service and post their Bitcoin (CRYPTO: BTC) or Ethereum (CRYPTO: ETH) wallets to their […]
Airbus Might Land An Order Of Almost 40 A350 Jets From Saudi Arabia
Saudi Arabia is reportedly negotiating with Airbus SE (OTC: EADSY) (OTC: EADSF) to order almost 40 A350 jets. According to industry sources, the country is planning to launch a new airline and challenge heavyweight carriers in the Gulf. Reuters first reported in August that Saudi Arabia was discussing a significant order for wide-body jets. Bloomberg News reported on Sunday […]
SpaceX Starlink’s New In-Flight Connectivity Service, Amazon’s NY Workers Reject Union, Celsius Network Faces Several Federal Investigations: Top Stories Wednesday, Oct. 19
Reuters US Lawmakers Plan Hearing On Kroger, Albertsons’ $25B Merger U.S. senators inspecting antitrust issues are set to hold a hearing on grocery chain Kroger Co’s (NYSE: KR) plan to acquire rival Albertsons Companies Inc (NYSE: ACI) in a $25 billion deal. Chair of the Senate Judiciary Committee antitrust panel, Democratic Senator Amy Klobuchar, and […]
Credit Suisse Puts Its US Asset Management Unit For Sale, Looks For Capital Infusion
Battered Credit Suisse Group AG (NYSE: CS) recently launched a process to sell its U.S. asset management arm, dubbed Credit Suisse Asset Management (CSAM). The unit is expected to draw interest from private equity firms and other asset managers, said the source, who spoke anonymously to discuss private information. The source added that there was no guarantee […]
Apple’s iPad To Turn Foldable In 2024 Before A Flexible iPhone Debuts: Report
Apple Inc (NASDAQ: AAPL) could take a different route from other manufacturers like Samsung when it comes to foldable devices. What Happened: The Cupertino, California-based tech giant is likely to launch a foldable iPad in 2024 rather than a foldable iPhone, according to CCS Insight, as reported by CNBC. “Right now it doesn’t make sense for Apple […]
Cano Health Stock Plummets As CVS Health Abandons Buyout
Cano Health Inc (NYSE: CANO) shares plunged after reports that CVS Health Corp (NYSE: CVS) has decided not to pursue an acquisition of Cano. Dealreporter was the first to report that CVS had decided against pursuing a deal with Cano Health, the … Full story available on Benzinga.com Read More
Goldman Plans Combining Investment Banking and Trading Units In Major Organizational Overhaul
Goldman Sachs Group Inc (NYSE: GS) is planning a significant reorganization to combine its biggest businesses into three divisions. Goldman will combine its investment banking and trading businesses into one unit while merging asset and wealth management into another, the Wall Street Journal reported citing people familiar with the matter. Goldman’s consumer-banking arm, Marcus, will be part of […]