Markets

Mengniu Dairy buys Lion dairy labels

Mengniu Dairy buys Lion dairy labels It has been divesting dairy assets to focus on beer, and recently sold its specialty cheeses business to Saputo for $280 million. A Chinese dairy heavyweight is set to take over a string of popular Australian milk brands in a $600million deal. [Full Article...]

Kirkland Lake Gold buying Detour Gold in deal worth $4.9 billion

Kirkland Lake Gold buying Detour Gold in deal worth $4.9 billion Under the terms of the deal, all the issued and outstanding common shares of Detour Gold will be exchanged at a ratio of 0.4343 of a Kirkland Lake Gold common share for each Detour Gold common share. The business's 50 day simple moving average is $45.95 and its 200-day simple moving average is $43.08. Kirkland Lake Gold (TSE:KL) last issued its earnings results on Wednesday, November 6th. [Full Article...]

Honda reveals new City sedan (AKA Ballade) with turbo engine

Honda reveals new City sedan (AKA Ballade) with turbo engine The oil-burner will gain a CVT automatic only when the brand new model hits the market. Honda is offering the all-LED headlamps only with the RS variant while others get projector headlamps. It is not known if the Indian market will get the new RS version. It does not offer more power, though, as all variants get the same 1.0-liter VTEC Turbo three-cylinder gasoline engine delivering 122 PS (120... [Full Article...]

LVMH Seals Tiffany Deal for $16.2 Billion

They were trading around $90 per share at the beginning of October, before LVMH first began to make overtures to Tiffany's management. Its 75 brands include Louis Vuitton, Bulgari and Christian Dior, for which it paid $13 billion to take full control in 2017. [Full Article...]

Hong Kong: Stocks start Monday with strong gains

Hong Kong: Stocks start Monday with strong gains E-Mini futures for the S&P 500 added 0.2%. Japan's Nikkei firmed 0.7%, while Australian stocks rose 0.5% and Shanghai blue chips rose 0.3%. Pro-democracy candidates in Hong Kong romped to a landslide and symbolic majority in district council elections after residents turned out in record numbers on Sunday to vote, following six months of anti-government protests in the embattled city. [Full Article...]

EBay is selling off StubHub in a $4 billion deal

EBay is selling off StubHub in a $4 billion deal While almost all of StubHub's customers are in the US, Viagogo's are spread out in Europe, Asia and Latin America. The move will allow Viagogo, which already sells tickets for live sport, music and entertainment events, to boost its footprint to more than 70 countries around the world. [Full Article...]

Charles Schwab buys TD Ameritrade in brokerage blockbuster

The deal is expected to generate joint annual revenues of $17bn and pre-tax profits of $8bn. "We believe the combination of our two great companies positions us to be competing and winning in the investment services business for the long run - the very long run", Schwab President and CEO Walt Bettinger said in a statement. [Full Article...]

HP CEO slams 'aggressive' Xerox as war of letters continues

HP CEO slams 'aggressive' Xerox as war of letters continues HP's board has snapped back at Xerox over its "hostile" $33.5bn takeover threat, saying the copier giant's refusal to answer lingering questions about the merger only magnifies their "concerns" about any tie-up and Xerox's future prospects. [Full Article...]


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