By Christoph Steitz and Louisa Off MUNICH (Reuters) – Volkswagen was in advanced talks with the U.S. government over substantial investments in the world’s second-largest auto market, where tariffs have cost Europe’s top carmaker billions of euros so far this year. Chief Executive Oliver Blume told Reuters that Volkswagen did not appreciate an “assymmetric” deal …
Volkswagen in advanced talks with US over investment deal Read More »
By Abhirup Roy SAN FRANCISCO (Reuters) -Tesla’s U.S. market share dropped to a near eight-year low in August as buyers chose electric vehicles from a growing stable of rivals over the aging lineup offered by CEO Elon Musk’s company, according to data from research firm Cox Automotive shared exclusively with Reuters. The decline highlights the …
Exclusive-Tesla market share in US drops to lowest since 2017 as competition heats up Read More »
By Steven Scheer JERUSALEM (Reuters) -Jerusalem Venture Partners (JVP) is stepping up its investment in Israeli AI-focused insurance firm Earnix via a new vehicle it is setting up with global alternative asset manager TPG, it said on Monday. TPG unit TPG GP Solutions is leading a $290 million investment in the new vehicle and will …
Israel’s JVP boosts investment in insurance firm Earnix via new vehicle Read More »
LONDON (Reuters) – London’s underground rail network came to a standstill on Monday as staff began a week of strikes over pay and working conditions, disrupting travel for commuters and tourists. Almost no underground trains are expected to run until Thursday, so that people who take 3.7 million daily journeys on the “Tube” were either working …
London’s Tube network shuts as workers begin week of strikes Read More »
(Reuters) -TDR Capital said on Monday it agreed to sell its stake in David Lloyd Leisure to a newly formed continuation vehicle that will take majority control of the health and fitness club chain. The Financial Times said the deal valued David Lloyd Leisure at about 2 billion pounds ($2.71 billion), citing people familiar with …
TDR Capital sells stake in health and fitness group David Lloyd Read More »
(Reuters) -Footwear retailer Dick’s Sporting Goods said on Monday it had completed its $2.4 billion acquisition of Foot Locker. The deal gives Dick’s a stronger foothold in the sneaker market with over 3,200 stores and an entry into international markets, while both companies battle for market share. Dick’s expects the transaction to add to its …
Dick’s Sporting Goods completes $2.4 billion Foot Locker deal Read More »
By Giancarlo Navach MILAN (Reuters) -Olidata, the Italian information technology and cyber security group, is aiming to grow through mergers and acquisitions, particularly in Italy, and could clinch a deal before the end of the year, chairman and main shareholder, Cristiano Rufini, said in an interview with Reuters. “Our growth will be organic, but also …
Olidata eyes growth through M&A, focused on Italian market – Chairman Rufini Read More »
(Reuters) – British real estate investment trust PRS REIT said on Monday that U.S. private equity firm KKR had joined its formal sale process, which already involves a bid from property investor Long Harbour. Under the UK’s formal sale process, KKR can approach PRS REIT as an interested party without making an immediate public offer. …
British real estate investor PRS REIT says KKR joins sale process Read More »
(Reuters) – Chipmaker IQE is considering a potential sale of the company, it said on Monday as it cut annual earnings forecasts on an expected softening demand for mobile handsets, sending the Apple supplier’s shares down 12% in early trade. IQE, which supplies the wafer products used in the iPhone’s facial recognition sensor, has sought …
Chipmaker IQE considers sale as shares slide on lowered earnings guidance Read More »
(Reuters) -U.S. entertainment giant Walt Disney signed an agreement with Spanish media group Atresmedia to integrate its contents into streaming platform Disney+, Disney said on Monday. Starting this month, Disney+ customers in Spain will be able to watch popular TV series “Casa de papel”, which is better known in English as “Money Heist”, “Veneno”, or …
Disney+ and ‘Money Heist’ maker Atresmedia sign streaming deal Read More »
