Unrest in Hong Kong intensified as protesters blocked roads and trains during the workweek while police fired teargas at lunch hour in the central business district. Jeffrey Goldfarb and Robyn Mak discuss renewed concerns about the financial hub’s econ…
Carl Icahn, already an investor in Xerox, has now bought a stake in HP – which the much smaller Xerox last week offered to buy for more than $30 billion. With scope to merge the printing businesses somehow, the activist could win either way, as Richard…
Peugeot’s shares slipped and Fiat Chrysler’s soared since the two automakers announced their merger of equals. The reason: It’s not so equal after all. But with big shareholders and CEO Carlos Tavares on board, Peugeot is probably on a path of no retur…
Peugeot’s shares slipped and Fiat Chrysler’s soared since the two automakers announced their merger of equals. The reason: It’s not so equal after all. But with big shareholders and CEO Carlos Tavares on board, Peugeot is probably on a path of no retur…
Could KKR and Walgreens chief Stefano Pessina reunite to take the $55 bln retailer private? They’ve got prior: Boots was Europe’s biggest leveraged buyout over a decade ago. Once again, the LBO supergroup would need friendly markets and cash-rich allie…
Bolivia’s three-term president, Evo Morales, resigned amidst protests about possible vote-rigging following October’s election. He helped foster a Bolivian middle class, then outstayed his welcome with them, as Anna Szymanski explains. The immediate qu…
Nov 8 – The Japanese company led by Masayoshi Son unveiled a $5 bln writedown on WeWork, Uber and other soured bets. Robyn Mak and Alec Macfarlane discuss what this means for SoftBank’s financial health, and whether its visionary founder can restore i…
Bad guests and dishonest hosts are not welcome at the home-share service, says boss Brian Chesky. He is therefore launching verification for all Airbnb’s 7 million listings. That’s sensible. What’s remarkable is that it’s taken Silicon Valley so long, …
A suggestion of taking the pharmacy chain private, reported by Reuters, could produce a record $87 billion deal – a major stretch even for today’s capital-rich buyout firms. Still, boss Stefano Pessina has pulled off audacious financial feats before. R…
The ride-hailing firm’s $3.5 bln quarterly revenue is growing briskly – yet so are its accounting quirks and food-delivery losses. Meanwhile a slab of insider shares are about to be released from their lockup. It’s not a good moment to be an Uber inves…