KKR Drops Out of Bidding for German Football Rights
KKR & Co. has dropped out of the bidding process for a stake in the media rights business of the Bundesliga, Germany’s main football competition, people with knowledge of the matter said.
Bloomberg Business
Hungary Passes Judicial Law as EU Says ‘Too Early’ for Funds
Hungary’s approval of legislation aimed at de-politicizing the courts is only a first step needed to unlock billions of euros of funds frozen by the European Union over rule-of-law and corruption concerns, a top official from the bloc said.
ADP Data Surprise With Biggest Private Payrolls Gain Since July
US companies increased payrolls in April by the most in nine months, highlighting a resilient labor market even as the economy cools.
TSMC Plans for First German Chip Fab With Cost Up to €10 Billion
Taiwan Semiconductor Manufacturing Co. is in talks with partners to spend as much as €10 billion ($11 billion) to build a chip fabrication plant in Saxony, Germany, according to people familiar with the matter.
Morgan Stanley in Talks to Resolve US Block-Trading Probes
Morgan Stanley said it’s in talks with US prosecutors and regulators to resolve a probe into its block-trading practices.
Billionaire Wallenberg Clan Seeks Pledges From Electrolux’s Chinese Suitor
Electrolux AB’s top shareholder is seeking watertight guarantees from Chinese appliance giant Midea Group Co. to address concerns US regulators would block a takeover of the white-goods maker.
Russia Halts Some Oil Wells But Keeps Production Data Secret
Russian oil data show a jump in the number of idled wells in March, adding another contradictory element to the murky picture of whether the country really is cutting crude production as promised.
Airbnb Revamps Site to Ease Tensions Between Guests, Hosts
Airbnb Inc. is revamping the home-rental platform in an effort to ease mounting tensions between guests and hosts ahead of what it expects to be a busy summer travel season.
Meissner Makes Comeback After Credit Suisse at Ex-Goldman Bankers’ Firm
Credit Suisse Group AG ex-investment bank chief Christian Meissner is joining an advisory and private equity firm run by Byron Trott and Gregg Lemkau, marking his comeback after a tough period with the rescued Swiss lender.
Europe’s Banks See Drop in Loan Demand But Stay Upbeat on Profit
Banks in Europe are facing flagging demand for loans amid rising borrowing costs and industry turmoil, but they remain optimistic about profitability from higher lending rates.
