By Svea Herbst-Bayliss NEW YORK (Reuters) -Investor Artisan Partners is unhappy with Axalta Coating Systems’ plans to combine with AkzoNobel in an all-stock deal that will create a paint industry giant with an enterprise value of $25 billion. “As an Axalta shareholder, we believe the only proper response to this proposed transaction is an absolute …
Axalta investor Artisan Partners urges rejection of AkzoNobel deal Read More »
By Arsheeya Bajwa and Stephen Nellis (Reuters) -Nvidia CEO Jensen Huang on Wednesday shrugged off concerns about an AI bubble as the company surprised Wall Street with accelerating growth after several quarters of slowing sales. The chipmaker’s stellar third-quarter earnings and fourth-quarter forecast calmed, at least temporarily, investor nerves over concerns an AI boom has …
Nvidia’s strong forecast calms AI bubble jitters, for now Read More »
LONDON (Reuters) -British consumers’ optimism about the economy and their own finances recorded its sharpest fall this month since April, when many household bills increased and U.S. President Donald Trump announced wide-ranging tariffs on imports from Britain. The British Retail Consortium, which represents big retailers, said sentiment had been hit by government hints that the …
UK consumer sentiment slides ahead of budget, retailers say Read More »
(Reuters) -Barclays strategists raised their year-end 2026 expectation for the S&P 500, implying an 11.4% gain from the benchmark’s Wednesday close, citing strength in megacap technology along with an improving monetary and fiscal backdrop despite low growth. Barclays equity strategists led by Venu Krishna wrote in a research note issued on Wednesday that they now …
Barclays raises target, estimates 11% gain for S&P 500 by end-2026 Read More »
By Marco Aquino CALLAO, Peru (Reuters) -Dutch port operator APM Terminals will invest $550 million to expand Peru’s Callao port starting in January, chief commercial officer for the company’s Peru unit, Fernando Fauche, said on Wednesday. The two-year project aims to increase the terminal’s capacity to 24,000 containers, Fauche told journalists during an event celebrating …
APM Terminals to invest $550 million in Peru’s Callao port Read More »
By Elisa Anzolin MILAN (Reuters) -Prada’s Lorenzo Bertelli said the Italian luxury group could consider further acquisitions after completing its purchase of Versace and did not rule out a potential interest in Giorgio Armani, though he said there have been “no contacts of any kind” so far. Bertelli’s comments come as Prada prepares to finalize …
By Svea Herbst-Bayliss NEW YORK (Reuters) -Investor Artisan Partners is unhappy with Axalta Coating Systems’ plan to combine with AkzoNobel in an all-stock deal that would create a paint industry giant with an enterprise value of $25 billion, according to a letter to shareholders. “As an Axalta shareholder, we believe the only proper response to …
Axalta investor Artisan Partners: Say ‘no’ to AkzoNobel deal Read More »
MADRID (Reuters) -Former U.S. Treasury Secretary Larry Summers has resigned from Santander’s international advisory board he currently chaired, a Santander spokesperson said on Wednesday. His resignation comes several days after the U.S. Congress released documents that showed Summers shared a close relationship with the late convicted sex offender Jeffrey Epstein. Summers, also a former president …
Larry Summers resigns from Santander’s advisory board, spokesperson says Read More »
MUNICH (Reuters) -Germany will not hit its own 3.5% defence spending target in 2029, Defence Minister Boris Pistorius said on Wednesday, as the country ramps up spending in the wake of Russia’s war with Ukraine. Germany’s defence spending will only be 3.05% of gross domestic product that year, Pistorius said in Munich. That is less …
Germany will not reach defence spending target of 3.5% in 2029 Read More »
By Hannah Lang (Reuters) -Max Levchin, CEO and co-founder of Affirm, which offers buy now, pay later plans, said artificial intelligence is poised to transform shopping by taking over human tasks and making financial products more transparent. AI agents will soon be able to instantly weed out products with prohibitively high interest rates or late …
AI set to redefine shopping and payments, Affirm CEO says Read More »
