Global deals sink to lowest level in over a decade
Mergers & Acquisitions fell drastically in the first quarter as banking concerns, rising interest rates and inflation took a toll.
Credit Suisse helping rich Americans evade taxes: report
Credit Suisse accused of concealing over $700M from government amid rescue takeover from rival UBS and helping rich Americans evade taxes.
UBS brings back past CEO with Credit Suisse deal ahead
Swiss bank UBS has decided to bring back former CEO Sergio Ermotti to guide the takeover of Credit Suisse. He will take over for current chief executive Ralph Hamers.
Warren Buffett's Occidental end game
According to a filing from the Securities and Exchange Commission, Warren Buffett’s Berkshire Hathaway has upped its stake in Occidental Petroleum.
FDIC gives Signature’s crypto clients account deadline
Customers who had crypto deposits at Signature Bank have been issued a deadline to close the accounts and move their money.
Japanese tech giant Toshiba accepts $15B tender offer
Japanese tech company Toshiba has accepted a tender offer worth $15 billion from Japanese Industrial Partners.
Trucking giant Knight-Swift Transportation to buy U.S. Xpress
The addition of U.S. Xpress’s 7,200 tractors and 14,400 trailers would boost Knight-Swift’s truckload fleet to roughly 25,000 tractors and 93,000 trailers.
New York Community Bankcorp shares soar on Signature deal
New York Community Bank shares are up on Monday after the company announced it would purchase financial and strategic complimentary assets from Signature Bridge Bank for roughly $38 billion.
First Citizens emerges as possible suitor for Silicon Valley Bank
First Citizens BancShares is reportedly weighing a possible bid for the failed Silicon Valley Bank.
Ryan Reynolds sells Mint Mobile for $1.35B to T-Mobile
"Deadpool" actor Ryan Reynold is selling his part-owned business, Mint Mobile, to T-Mobile US in a cash and stock deal valued at up to $1.35 billion.
First major US railroad merger in decades will go forward
Federal regulators approved Canadian Pacific’s $31 billion acquisition of Kansas City Southern late Wednesday morning following a years-long review process.
Tyler Perry expressed interest in buying majority stake of BET media group from Paramount Global
Tyler Perry has demonstrated interest in purchasing a majority stake in Black Entertainment Television, BET for short, which is currently controlled by Paramount.
JetBlue, Spirit brace for Justice Department lawsuit to block airlines’ merger
JetBlue expects a lawsuit from the Justice Department over the $3.8 billion merger with Spirit Airlines; Spirit argues deal would save customers millions.
Goldman Sachs may have appetite for Subway chain
Goldman Sachs may have an interest in purchasing Subway, Sky News reported on Saturday. The outlet cited anonymous people that it said were 'close to the process.'
Altria buying vape maker NJOY for $2.75B
Altria will buy vape-maker NJOY and absorb the company’s NJOY ACE production as the only e-vapor product with market authorizations from the U.S. Food and Drug Administration (FDA).
Apollo in talks to buy aerospace-parts maker Arconic
Arconic manufactures parts for the aerospace, automotive, building and energy industries. Stock soars over optimism that deal will occur for the company with a shaky past.
Altria in talks to buy vaping startup NJOY for at least $2.75 billion, divest its stake in Juul
NJOY is one of the few e-cigarette makers whose products have clearance from federal regulators, an advantage over larger e-cigarette rivals Juul and Vule.
Global miners gear up for energy transition with deals and investments
Miners are cutting back on dividends and plowing back earnings into expanding capacity as EVs and the shift to renewables spark demand for rare earth elements.
Pfizer in talks to acquire Seagen in deal likely valued at more than $30B
Pfizer, one of the world’s biggest pharmaceutical companies, is flush with cash from the COVID-19 pandemic and hopes the Seagen acquisition will help grow revenue.
Tilman Fertitta joins bidding for Commanders franchise: report
Tilman Fertitta has reportedly joined the growing list of billionaires interested in bidding for the Washington Commanders.