corporate-strategy
BusinessJapan’s Nippon Steel Extends Closing Date for U.S. Steel Acquisition
BusinessBBVA Gets Approval to Take Over Sabadell’s Mexican Businesses
BusinessXerox to Buy Printer Maker Lexmark From Chinese Owners in $1.5 Billion Deal
BusinessUK Insurer Aviva to Shed up to 2,300 Jobs in $4.65 Billion Direct Line Deal
Rupert Murdoch’s News Corp to Sell Foxtel to Britain’s Dazn for $2.1 Billion
Date: December 23, 2024
By Scott Murdoch, Anousha Sakoui and Chandini Monnappa SYDNEY (Reuters) -News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion ($2.1 billion) including debt, cutting the Murdoch-controlled media empire’s exposure to a business up-ended by streaming platforms. News Corp will gain a board seat and...
Volkswagen Shares Fall as Markets Struggles to Digest Unions Deal
Date: December 23, 2024
By Ozan Ergenay and Andrey Sychev (Reuters) – Volkswagen shares were down 3% in early trade on Monday with analysts citing uncertainty about the automaker’s cost-cutting deal with unions and likely headwinds in 2025. Friday’s agreement, hailed by unions as a “Christmas miracle”, calls for more than 35,000 future job cuts and a reduction of...
Factbox-Europe’s Embattled Auto Sector Plans Plant Closures and Layoffs
Date: December 23, 2024
(Reuters) -Automotive companies across Europe have announced plant closures and big layoffs as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles. Below are layoffs and site closures announced in recent months, beginning with the latest: VOLKSWAGEN Europe’s top carmaker Volkswagen agreed a deal with unions on...
Honda, Nissan Aim to Merge by 2026 in Historic Pivot
Date: December 23, 2024
By Kantaro Komiya TOKYO (Reuters) – Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan’s auto industry that underlines the threat Chinese EV makers now pose to the world’s long-dominant legacy car makers. The tie-up would create the world’s third-largest auto group by vehicle sales...
Xerox to Buy Printer Maker Lexmark From Chinese Owners in $1.5 Billion Deal
Date: December 23, 2024
(Reuters) – Office equipment manufacturer Xerox will buy Chinese-owned printer and printing software maker Lexmark International in a $1.5 billion deal to bolster its mainstay business, the companies said on Monday. The purchase from Ninestar Corp, PAG Asia Capital and Shanghai Shouda Investment Centre will bring Lexmark back to U.S. ownership. Formed out of IBM...
Volkswagen Shares Fall as Markets Struggles to Digest Unions Deal
Date: December 23, 2024
By Ozan Ergenay and Andrey Sychev (Reuters) – Volkswagen shares were down 3% in early trade on Monday with analysts citing uncertainty about the automaker’s cost-cutting deal with unions and likely headwinds in 2025. Friday’s agreement, hailed by unions as a “Christmas miracle”, calls for more than 35,000 future job cuts and a reduction of...