Leading bank executive predicts another round of U.S. bank mergers
Industry executives have long predicted a wave of bank mergers that’s so far played out only in smaller or mid-sized deals.
Industry executives have long predicted a wave of bank mergers that’s so far played out only in smaller or mid-sized deals.
With a bid of more than $5 billion, Eddie Lampert has won a bankruptcy auction for Sears with a plan that will keep the retailer in business and seek to save tens of thousands of jobs.
The dispute between the world’s largest retail chain and the prominent pharmacy-benefits manager could roil the business of filling prescriptions.
Alden Global, which is taking aim at the Gannett newspaper chain, is run by a hedge fund exec known in some circles as “the Gordon Gekko of newspapers.”
Gannett's board said it will "carefully review the proposal," which values the company at $12 a share, a 23 percent premium to Gannett’s closing price on Friday.
The partial government shutdown stretched into its 21st day on Friday, tying the record for the longest. Judges, law enforcement officers, NASA engineers, weather forecasters and office staff were among some 800,000 federal workers who missed their first paychecks.
Full-service restaurants, facing higher labor and food costs, raised prices by the largest amount in more than seven years in December, a Labor Department report released Friday shows.
President Donald Trump said his administration is looking at changing a foreign worker visa program to include a more direct path to citizenship, as he wrestles with Democrats in Congress over funding for his border wall.
President Donald Trump’s choice to lead the Justice Department comes with a track record that signals he could take a softer stance in policing mergers and promote a more business-friendly approach to prosecutions.
China and the United States concluded three days of talks Wednesday with a cautious sense of optimism that the world’s two biggest economies might be able to reach a deal that ends their bruising trade war.
A prolonged shutdown could muddle Eli Lilly and Co.’s plan to unload its stake in Elanco Animal Health Inc., the unit it spun off last year, Lilly CEO Dave Ricks said.
Eli Lilly and Co. won’t put the price of its prescription drugs in television ads, as the Trump administration has called for pharmaceutical companies to do, but will begin promoting a website where prices are available.
Kroger, America’s biggest supermarket chain, has remodeled two stores to test out the new features, which include “digital shelves” that can show ads and change prices on the fly along with a network of sensors that keep track of products and help speed shoppers through the aisles.
Russell Vought, acting director of the White House budget office, said customary rules will be changed to make the payments possible. About three-quarters of taxpayers receive annual refunds, giving them an incentive to file their returns early.
The Trump administration expressed optimism it can reach a “reasonable” trade deal with China as negotiations began in Beijing.
Sears representatives summoned liquidation firms and other advisers to emergency meetings after rejecting Chairman Eddie Lampert’s $4.4 billion bid to buy and operate Sears stores, sources said.
Stocks skyrocketed Friday after investors got good news on the economy, Federal Reserve policy and trade tensions.
The move by cable and satellite providers is meant at least in part to cover increasing costs for carrying networks and popular channels, but they risk exacerbating the trend of canceling service altogether.
Federal Reserve Chairman Jerome Powell said the central bank can be patient as it assesses risks to a U.S. economy and will adjust policy quickly if needed.
Bristol-Myers and Celgene combined will have nine products with more than $1 billion in annual sales and significant potential for growth in the core disease areas of oncology, immunology and cardiovascular disease.