Emerson Goes Public With $7 Billion National Instruments Bid
Emerson Electric Co. went public with its months-long pursuit of National Instruments Corp., revealing a bid to take over the maker of measurement systems for about $7 billion.
Bloomberg Business
Lionel Messi’s Clothing Line MGO Swings Again as Volume Surges
MGO Global Inc., the manager of a clothing and lifestyle brand for football star Lionel Messi, is encountering another high-volume wave of price swings in the first day since its volatile debut.
Bridgewater’s Prince Says More Jobs Must Vanish to Tame Inflation
Bob Prince, who helps manage the world’s largest hedge fund, said we’re seeing the return of the boom-bust cycle and more people need to lose their jobs before inflation will be brought under control.
ECB Is Pondering Slower Hikes After Half Point in February
European Central Bank policymakers are starting to consider a slower pace of interest-rate hikes than President Christine Lagarde indicated in December, according to officials with knowledge of their discussions.
US-China Trade is Close to a Record, Defying Talk of Decoupling
Trade between the US and China is on track to break records, a signal of resilient links between the world’s top economies amid the heated national security rhetoric in Washington and fears of “decoupling.”
Goldman Sachs Compensation Ratio Hits Decade High as Expenses Climb
Back in early 2020, Goldman Sachs Group Inc. said it would stop using its fourth-quarter results to iron out its compensation ratio. Three years later, it appears the firm’s attempt to provide investors with a more predictable idea of staff costs has gone awry.
US Consumer Spending Growth Slowed in December, NY Fed Survey Finds
Spending by US consumers is growing at a slower pace and the share of households making major purchases in recent months declined, according to a report from the Federal Reserve Bank of New York.
Putin’s Cash Flood From Exports Slows Amid Curbs on Oil, Gas
Russia had its smallest current-account surplus in more than a year as the flow of goods from abroad and new restrictions on oil exports endanger what’s become a critical source of hard currency for the Kremlin since the invasion of Ukraine.
Merck Is Set to Remove Cancer-Causing Chemical From Top Diabetes Drugs
Merck & Co. has discovered how its blockbuster diabetes medications have become contaminated with a potential carcinogen and believes it can resolve the problem by the end of the year.
Law Firm Norton Rose’s Frankfurt Offices Raided in German Tax Fraud Probe
Norton Rose Fulbright’s Frankfurt offices were raided by Cologne prosecutors as part of their vast investigation into the controversial Cum-Ex scandal that has swept up Wall Street’s biggest banks.
