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Unilever says nears deal to merge Foods unit with McCormick
March 31 (Reuters) - Unilever ULVR.L said on Tuesday it was in advanced talks with spice maker McCormick MKC.N about a potential combination of its foods business in a deal that would include an upfront cash component of about $15.7 billion, with the majority of the consideration in McCormick equity...Reuters
4 minutes ago
FOCUS-Drugmakers delay some European launches with a wary eye on Trump's pricing policies
Trump most-favored-nation deals cause pricing uncertaintyData shows 35% drop in European new drug launchesCompanies say they want more clarity on US prices first Situation bolsters US position as first go-to marketEurope needs to rethink drug pricing to stay competitive, lobby group saysBy Maggie Fi...Reuters
4 minutes ago
Unilever nears deal to merge food business with spice maker McCormick
Unilever to receive $15.7 billion in cash from potential dealAn agreement could be concluded on Tuesday, company saysUnilever shareholders to retain 65% stake in merged entityBy Richa Naidu and Yadarisa Shabong March 31 (Reuters) - Unilever ULVR.L said on Tuesday it was in advanced talks to combi...Reuters
10 minutes ago
Germany's TK Elevator says IPO still on table amid reports of Kone deal
BERLIN, March 31 (Reuters) - German lift maker TK Elevator said on Tuesday that no decision has been taken yet on its future course, with an initial public offering (IPO) remaining one of the strategic options. Bloomberg News reported this month that Finland's Kone was in talks to buy TK Elevato...Reuters
22 minutes ago
Canada's Touchstone petroleum and gas Q4 sales fall 19% on lower production and pricing
OverviewCanada oil and gas producer's petroleum and natural gas Q4 sales fell 19% yr/yr due to lower production and pricingTouchstone reported Q4 net profit, mainly from deferred tax recovery and asset disposition gainsCompany faces material uncertainties over going concern, citing liquidity and...Reuters
29 minutes ago
Toyota: Aim To Join Daimler Truck And Volvo Group As Equal Shareholder In Fuel Cell Joint Venture 'Cellcentric'
March 31 (Reuters) - Toyota Motor Corp 7203.T:TOYOTA - TOYOTA MOTOR CORPORATION AIMS TO JOIN DAIMLER TRUCK AND VOLVO GROUP AS EQUAL SHAREHOLDER IN THE FUEL CELL JOINT VENTURE CELLCENTRICTOYOTA - UPON CLOSING, TOYOTA WILL BRING ITS COMPLEMENTARY KNOW-HOW AND EXPERTISE TO THE JOINT VENTURETOYOTA - TOY...Reuters
36 minutes ago
Unilever Says Possible McCormick Deal Includes $15.7 Billion Upfront Cash
March 31 (Reuters) - Unilever PLC ULVR.L:UNILEVER PLC - RESPONSE TO MEDIA SPECULATIONUNILEVER: NOW IN ADVANCED DISCUSSIONS WITH MCCORMICK & COMPANYUNILEVER - POTENTIAL DEAL INVOLVES $15.7 BILLION UPFRONT CASH, MAJORITY CONSIDERATION IN MCCORMICK EQUITYUNILEVER - AGREEMENT COULD BE CONCLUDED TOD...Reuters
38 minutes ago
U.S. conservatives watch nervously as Orban faces tough test in Hungary vote
Orban faces toughest electoral challenge since 2010, trailing Tisza party in pollsMagyar's campaign focuses on corruption, low wages and rising food pricesTrump's support seen unlikely to sway election dominated by domestic issuesBy Anita Komuves and Andrew R.C. Marshall BUDAPEST, March 3...Reuters
42 minutes ago
Australia's Paladin says Saskatchewan project nod facing judicial review
March 31 (Reuters) - Uranium producer Paladin Energy PDN.AX said on Tuesday that Metis Nation–Saskatchewan (MN-S) has filed for judicial review challenging the February 19 approval of its environmental impact statement for the Patterson Lake South project.Here are some details:The review application...Reuters
46 minutes ago
Germany's TK Elevator says no decision taken yet on future course
BERLIN, March 31 (Reuters) - German lift maker TK Elevator said in a statement on Tuesday that no decision has been taken yet on its future course, with an initial public offering (IPO) remaining one of the strategic options. Bloomberg News reported this month that Finland's Kone was in talks to...Reuters
an hour ago
Galapagos, Gilead Enter Binding Agreement On Ouro Medicines Acquisition
March 31 (Reuters) - Gilead Sciences Inc GILD.O:ENTERS BINDING AGREEMENT WITH GILEAD ON OURO MEDICINES ACQUISITIONGALAPAGOS AND GILEAD ENTER INTO BINDING AGREEMENT TO COLLABORATE ON ADVANCING FIRST IN CLASS T CELL ENGAGER PROGRAM FOR AUTOIMMUNE DISEASESTO FUND 50% OF $1.675 BILLION UPFRONT AND 50% O...Reuters
an hour ago
BlackRock weighs HSBC's Canary Wharf tower for new London headquarters, FT reports
March 31 (Reuters) - BlackRock BLK.N is considering a Canary Wharf skyscraper that HSBC will vacate next year for its London headquarters, the Financial Times reported on Tuesday, citing people familiar with the matter.The asset manager has also examined several other potential sites in recent month...Reuters
an hour ago
Australia to ban surcharges on payment cards, cut bank fees
SYDNEY, March 31 (Reuters) - Australian consumers will no longer face surcharge fees on card payments after the country's central bank said it would ban the widely disliked practice as inefficient and opaque.Wrapping up a months-long public review process, the Reserve Bank of Australia (RBA) on ...Reuters
2 hours ago
PRESS DIGEST-New York Times business news - March 31
March 31 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Air Canada AC.TO CEO Michael Rousseau will retire by October, the airline said on Monday, after he sparked a backlash for f...Reuters
2 hours ago
Australia's Paladin says Saskatchewan project nod facing judicial review
March 31 (Reuters) - Uranium producer Paladin Energy PDN.AX said on Tuesday that Metis Nation–Saskatchewan (MN-S) has filed for judicial review challenging the February 19 approval of its environmental impact statement for the Patterson Lake South project.Here are some details:The review application...Reuters
2 hours ago
BlackRock weighs HSBC's Canary Wharf tower for new London headquarters, FT reports
March 31 (Reuters) - BlackRock BLK.N is considering a Canary Wharf skyscraper that HSBC will vacate next year for its London headquarters, the Financial Times reported on Tuesday, citing people familiar with the matter.The asset manager has also examined several other potential sites in recent month...Reuters
2 hours ago
