Latest in UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion
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UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion
Italian lender UniCredit says its offer for domestic rival Banco BPM is separate from its pursuit of German bank Commerzbank.Business - CNBC - Yesterday -
UniCredit makes €10bn offer for Italian rival Banco BPM
Bid for domestic competitor hits shares in Germany’s Commerzbank, which had been viewed as a targetWorld - Financial Times - Yesterday -
Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability
UniCredit offered to snap up Banco BPM for roughly $10.5 billion on Monday.Business - CNBC - Yesterday -
Nissan seeks anchor investor to help it through make-or-break 12 months
Carmaker looks for steady shareholder as longtime partner Renault sells down its holdingWorld - Financial Times - Yesterday -
Banco BPM rejects UniCredit takeover bid
Italy’s third-largest bank says value of offer is ‘completely unusual’ and fails to reflect its prospectsWorld - Financial Times - Yesterday -
Qualcomm’s interest in buying rival Intel is reportedly fading
Semiconductor maker Qualcomm Inc.’s interest in acquiring rival Intel Corp. is souring, Bloomberg News reported Monday night.Business - MarketWatch - Yesterday -
MicroStrategy buys $2 billion in bitcoin in 10 days. Is there $42 billion to go?
Shares of MicroStrategy Inc. entered record territory Monday for the first time in 24 years, as the self-proclaimed largest corporate holder of bitcoin continued to ride the postelection frenzy in ...Business - MarketWatch - November 11 -
Siemens to Buy Altair in $10.6 Billion Equity Deal
The German industrial giant is acquiring software and technology company Altair, a deal that will increase Siemens’s digital business revenue.Business - The Wall Street Journal - October 30 -
MicroStrategy’s stock surges on $4.6 billion bitcoin buy
MicroStrategy shares are surging on the software company and cryptocurrency play’s $4.6 billion bitcoin buy.Business - MarketWatch - November 18 -
Amazon to invest another $4 billion in Anthropic, OpenAI's biggest rival
Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives.Business - CNBC - 4 days ago -
Amazon Invests an Additional $4 Billion in Anthropic, an OpenAI Rival
The tech giant doubles its investment in the startup as it aims to compete in the AI arms race.Tech - The Wall Street Journal - 4 days ago -
Amazon Invests an Additional $4 Billion in Anthropic, an OpenAI Rival
The tech giant doubles its investment in the startup as it aims to compete in the AI arms race.Tech - The Wall Street Journal - 4 days ago -
Rival creditor group offers Thames Water emergency loan at lower rate
The UK’s largest water and sewerage provider is struggling with a £19bn debt loadBusiness - Financial Times - October 31 -
Italian village offers 1-euro homes to Americans wanting to relocate after election
A small rural village in Italy is offering homes for as little as $1.06 after the 2024 presidential election. “Are you worned out by global politics? Looking to embrace a more balanced lifestyle ...Politics - The Hill - November 20 -
Amcor to Buy Berry Global in $8.4 Billion Stock Deal
Amcor has agreed to buy Berry Global Group in a roughly $8.4 billion stock swap that will create a consumer and healthcare packaging company with annual revenue of about $24 billion.Business - The Wall Street Journal - November 19 -
MicroStrategy, the largest corporate bitcoin holder, to raise more than $40 billion to buy more bitcoin
The plan is to use the additional capital ‘to buy more bitcoin as a treasury reserve asset,’ the company says.Business - MarketWatch - October 31 -
DOJ sues UnitedHealth amid $3.3 billion bid to buy home care giant Amedisys
Minnesota-based UnitedHealth Group Inc. is the focus of an antitrust lawsuit filed on Tuesday by the United States Department of Justice.Top stories - CBS News - November 12 -
OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer
OpenAI on Tuesday introduced a new $1.5 billion tender offer, a continuation of its recent $6.6 billion funding round, led by SoftBank, CNBC has learned.Business - CNBC - 7 minutes ago -
Commerzbank Lifts Guidance as UniCredit Circles
Commerzbank lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit continued to signal interest in a tie-up with the German lender.Business - The Wall Street Journal - November 6 -
Lenders reject homes with spray foam insulation
Spray foam insulation was previously subsidised in England under the government's Green Homes Grant scheme.Top stories - BBC News - November 18 -
Why Germany Is Resisting UniCredit’s Takeover of Commerzbank
Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian lender UniCredit’s acquiring Commerzbank.Top stories - The New York Times - November 1 -
UniCredit Raises 2024 Outlook After Earnings Rise
UniCredit lifted its earnings guidance for the year after reporting a net profit increase that exceeded expectations.Business - The Wall Street Journal - November 6 -
UniCredit’s journey from foreign predator to domestic consolidator
Two months ago Andrea Orcel swooped on Germany’s Commerzbank. Now the dealmaker is bidding for Banco BPMBusiness - Financial Times - Yesterday -
An Italian masterpiece: Cacio e pepe
A centuries-old pasta dish made with pecorino romano cheese and cracked pepper is a tradition in Italy, but getting it right is tricky even for the most experienced of chefs. Correspondent Seth ...World - CBS News - 2 days ago -
US leads efforts to keep lifeline for West Bank lenders open
Yellen warns Netanyahu of ‘economic catastrophe’ if Israel refuses to extend waiver for Palestine banksBusiness - Financial Times - October 28 -
How This Lender Helped a Founder-Led Company Grow Revenue by 10X
Dwight Funding provided crucial debt financing to Dagne Dover in times of crisis.Business - Inc. - October 28 -
BBVA bid for Sabadell dealt blow by antitrust watchdog
Spain’s CNMC will submit €11bn hostile takeover to a more rigorous ‘phase 2’ reviewWorld - Financial Times - November 12 -
UniCredit and Commerzbank square off with target hikes amid takeover battle
UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers still hangs in balance.Business - CNBC - November 6 -
UniCredit’s Orcel is just working the angles on European bank mergers
Lowball offer for BPM is unlikely to succeed but gives UniCredit’s chief room for manoeuvreWorld - Financial Times - Yesterday -
Italian authorities bust 'Banksy forgery ring'
Over 2,100 forgeries, also targeting Warhol, Picasso, Monet and Dali, were recovered in the sting.Top stories - BBC News - November 11 -
Italian men defy global cooking statistic
In much of the world, women cook more meals than men, outpacing them by a 2-to-1 edge. But Italy, already renowned for its food, bucks that trend.World - CBS News - 3 days ago -
Italian Tennis Is Ending the Year on Top of the World
Led by the stars Jannik Sinner and Jasmine Paolini, Italy won both international team trophies in 2024.Sports - The New York Times - 2 days ago -
From Browsing to Buying (and Buying Again)
Five strategies to create a customer experience that drives loyalty.Business - Inc. - November 6 -
Thames Water lenders call for more backers for £1.5bn rescue cash – business live
Live, rolling coverage of business, economics and financial markets as UK water company races to secure new lifeline before December crunch. In Germany the manufacturing recession has been ...World - The Guardian - November 4 -
MUFG chief says Japanese lender on track to become one of world’s biggest banks
Hironori Kamezawa says Japan’s normalisation of monetary policy expected to benefit lendersWorld - Financial Times - November 14 -
Translators association honors English-language editions of Italian prose and French poetry
The English-language translators of an Italian collection of short stories and a French book of poetry have won awards from the American Literary Translators AssociationEntertainment - ABC News - October 28 -
CVC seeks €700mn for its Italian pharma outsourcer Genetic
Private equity group hires advisers from Rothschild to help it sell majority stakeBusiness - Financial Times - November 9 -
Major Italian tourist site to limit daily visitor numbers
Nearly 4 million people visited the ruins of the Roman city of Pompeii in 2023, a third more than the previous year.Top stories - BBC News - November 9