Markets

Warren Buffett is investing $600 million in EW Scripps deal to buy ION Media

Warren Buffett’s Berkshire Hathaway plans to invest $US600 million in EW Scripps Co. to help buy ION Media for $US2.65 billion. The deal will significantly expand the American broadcasting company by boosting its television station footprint and distribution of its programming, according to people familiar with the details. Thanks to […]
Warren Buffett is investing $600 million in EW Scripps deal to buy ION Media
News

Opposition to Bristol-Myers Squibb’s $74 billion acquisition of Celgene could endanger the deal, and the whole situation is ‘somewhat unprecedented’

Opposition to pharmaceutical company Bristol-Myers Squibb’s $US74 billion acquisition of Celgene is growing, and could endanger the deal. The acquisition is facing pushback from Bristol-Myers’ second-largest shareholder, the investment firm Wellington Management, and from activist investor Starboard Value. This level of uncertainty for such a large deal is “somewhat unprecedented” […]
Opposition to Bristol-Myers Squibb’s $74 billion acquisition of Celgene could endanger the deal, and the whole situation is ‘somewhat unprecedented’
Markets

Chinese tech stocks are surging after Trump delays tariffs

President Donald Trump tweeted Sunday that he would delay scheduled tariff increase on Chinese goods. So far, the US has imposed duties on $US250 billion of Chinese imports, prompting China to retaliate. In December, the two sides agreed on a 90-day trade-war truce that postponed an increase of US tariffs […]
Chinese tech stocks are surging after Trump delays tariffs
« Previous Page