Nestle Weighs Options After Russia Takes Control of Its Russian Business
Nestle said on Friday it was considering all available options to protect its rights after the Kremlin placed the Swiss food giant’s Russian business under temporary administration. The move, announced through a presidential decree...
Goldman Sachs Asset Management Raises $11.7 Billion Across Private Equity Funds
Goldman Sachs Asset Management’s alternatives unit has raised $11.7 billion across its latest private equity funds and related investment vehicles, the firm said on Tuesday. The fundraising includes $9.6 billion for its flagship West...
Bayer’s Monsanto Seeks Court Approval for $7.25 Billion Roundup Settlement
Bayer’s Monsanto unit is set to appear before a Missouri state court on Monday seeking final approval of a proposed $7.25 billion settlement aimed at resolving tens of thousands of U.S. lawsuits alleging that...
The Boring Company Raises $3 Billion at $23 Billion Valuation
The Boring Company, the tunnel construction startup founded by billionaire Elon Musk, has raised $3 billion in a new funding round that values the company at $23 billion, according to a statement released Wednesday....
Volkswagen Faces €16 Billion Cost for Massive Restructuring Plan
Volkswagen is estimating the total cost of its sweeping restructuring program, including job cuts and potential plant closures, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The...
GE Aerospace to Buy Castings Supplier CPP for $11.75 Billion
GE Aerospace said Tuesday it will acquire aerospace castings supplier Consolidated Precision Products (CPP) from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion. The deal will give GE greater control over a...
Google Revamps EU Search Results to Meet Antitrust Rules
Google on Tuesday rolled out major changes to its search results in Europe to comply with EU antitrust regulators, warning that the measures could reduce search quality and increase costs for European businesses. The...
Keurig Dr Pepper Sells Chobani Stake for $925 Million
Keurig Dr Pepper has agreed to sell its entire investment in Chobani back to the yogurt maker for $925 million, marking another major step in its ongoing business restructuring. The deal includes the sale...
Aon to Buy USI Insurance Services for $17 Billion
Aon has agreed to acquire rival USI Insurance Services from private equity firm KKR for $17 billion, marking one of the biggest insurance brokerage deals in recent years. The transaction will significantly expand Aon’s...
PayPal Shares Slide After Advent-Stripe Takeover Bid Reportedly Ends
PayPal shares fell 13% in premarket trading on Friday after Bloomberg News reported that a consortium led by buyout firm Advent International and payments processor Stripe had abandoned its pursuit of the fintech company....