Covestro Holder Union Investment Hails Move to Engage With Adnoc
Union Investment, one of Covestro AG’s top 20 shareholders, welcomed the German chemical company’s move to engage with Abu Dhabi National Oil Co.
Bloomberg Business
Kingspan Said to Make Rebuffed Proposal for Tie-Up With Carlisle
Carlisle Cos. jumped the most in more than four years on news the company had rebuffed an informal approach from Kingspan Group Plc to create a building materials giant with a combined market value of almost $30 billion.
SoFi’s Full-Service Ambitions Face Key Test in Instacart IPO
SoFi Technologies Inc.’s effort to transition from upstart fintech firm to the big leagues of financial institutions will face an important step possibly as soon as next week when the company helps take Instacart Inc. public.
Hyatt Regency Puerto Rico Owners Seek Up to $200 Million in Sale
The owners of the Hyatt Regency Grand Reserve Puerto Rico, which include Monarch Alternative Capital, are exploring a sale of the property, which could fetch as much as $200 million, according to people with knowledge of the matter.
Barclays CEO Says Workforce Plans Reflect Industry Amid Cuts
Barclays Plc Chief Executive Officer C.S. Venkatakrishnan said the company’s workforce plans are in-line with the broader financial industry after Bloomberg reported last week that the bank was planning to cut hundreds of jobs.
Schonfeld, Balyasny, ExodusPoint Lag as Multi-Strats Falter
Some of the largest multi-strategy hedge funds are lagging this year, as they struggle to keep up with other firms and their own past performance.
Hunt Says UK Need to Talk to China Trumps Espionage Dispute
Jeremy Hunt said the UK takes any attempt to subvert its democratic processes “very seriously,” but that an escalating espionage dispute with China underscored the need for diplomatic dialog with Beijing.
Tesla and China Risk Leaving Volkswagen on a Road to Nowhere
Automotive powerhouse is under pressure to step up its electric-vehicle strategy, and fast.
J.M. Smucker to Buy Twinkies Maker Hostess for $5.6 Billion
J.M. Smucker Co. agreed to acquire Twinkies maker Hostess Brands Inc. for about $5.6 billion, furthering a growing consolidation trend among the companies that stock the shelf-stable aisles at the heart of supermarkets.
Toronto’s Financial Workers Will Finally Be Able to Work on the Subway
Commuters in Canada’s largest city will finally be able to send texts, access at least some emails, and generally annoy fellow passengers by taking phone calls — all while riding the subway downtown.
