Bloomberg Business

Trader Bunge to Buy Glencore-Backed Viterra for $8 Billion

US agribusiness Bunge Ltd. agreed to buy Glencore Plc-backed Viterra for $8.2 billion in stock and cash, creating a trading giant capable of competing with the world’s biggest agricultural commodity traders.

Apple Downgrade Pushes Bullish Analyst Ratings to 2-Year Low

Even as Apple Inc.’s shares have powered their way to a fresh record high, worries over cooling demand for iPhones and sputtering growth at its services business have left the biggest US company with the fewest bullish analyst ratings in more than two years.

Evercore CEO Sees Early Signs of a Pickup in Merger Activity

Evercore Inc. Chief Executive Officer John Weinberg said he’s seeing signs of mergers-and-acquisitions activity brewing “below the surface” as companies get used to an environment with higher interest rates.

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