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Finance

Christopher Miller, chairman of Melrose, said: "We are delighted and grateful to have received support from GKN shareholders for our plan to create a United Kingdom industrial powerhouse with a market capitalisation of over £10bn and a tremendous future".
  • Former Anbang chairman Wu Xiaohui goes on trial in Shanghai

    Former Anbang chairman Wu Xiaohui goes on trial in Shanghai

    Finance

    Wu's trial comes just over one month after the China Insurance Regulatory Commission (CIRC) announced it was taking control of Anbang for one year, while also confirming that Wu would face criminal proceedings for "economic crimes". She said that Wu controlled more than 200 companies and used 38 of them to control Anbang Group, the court said. Acquisitive private companies such as Anbang, HNA, Fosun and Wanda were in the vanguard of an officially-encouraged surge in multibillion-dollar ...
  • A second nuclear plant in Pa. to shut down, company announces

    A second nuclear plant in Pa. to shut down, company announces

    Finance

    Checking in on some other ratios, the company has a Price to Cash Flow ratio of 4.213865, and a current Price to Earnings ratio of -9.307657. The most glaring example has been Secretary Perry's request to create similar price supports for nuclear and coal power plants - or, more specifically, power plants with 90 days of fuel stored on site - which was denied by the Federal Energy Regulatory Commission in January.
  • Dow set to climb 300 points as trade war fears cool

    Dow set to climb 300 points as trade war fears cool

    Finance

    The Standard & Poor's 500 index rose 21 points , or 0.8 per cent, to 2,609 as of 11:28 a.m. Asian stock markets kicked off the day with another drop, but bargain-buying saw some return to positive territory and others pare the losses - as it emerged that South Korea and the United States had reached an understanding on revising their free-trade agreement and on steel tariffs .
  • BMW and Daimler merge mobility solutions

    BMW and Daimler merge mobility solutions

    Finance

    DriveNow's fleet of Minis and BMWs are a common sight in European countries. The two companies said Wednesday they aim to become a "leading provider" of new ways to get around cities, where more people will see cars as a service they use when needed.
  • Constellation Brands (STZ) Issues FY19 Earnings Guidance

    Constellation Brands (STZ) Issues FY19 Earnings Guidance

    Finance

    Guggenheim reported 354,754 shares. (NYSE: STZ ). Plante Moran Fin Advsr Ltd Llc reported 0% stake. Ent Fincl Svcs stated it has 533 shares. (NYSE: STZ ). Melvin Capital Management Lp, which manages about $10.55 billion US Long portfolio, upped its stake in Wyndham Worldwide Corp (NYSE:WYN) by 601,108 shares to 2.08M shares, valued at $241.05M in 2017Q4, according to the filing.
  • Detroit Tigers postpone Opening Day game

    Detroit Tigers postpone Opening Day game

    Finance

    Thursday saying the Detroit Tigers game against the Pittsburgh Pirates has been cancelled and that the game will be rescheduled for Friday with first pitch set for 1:10 p.m. If you are planning to head to Detroit or go to Comerica Park here's what you can expect weather-wise for Friday. The Detroit Tigers have postponed Opening Day due to inclement weather.
  • Greek club PAOK's president gets 3-year ban for gun incident

    Greek club PAOK's president gets 3-year ban for gun incident

    Finance

    Fixtures were suspended indefinitely but the league will resume this weekend, with PAOK taking on Atromitos on Saturday. The decision, announced on Thursday, comes a day after the Greek Superleague announced the competition would resume nearly a fortnight after Georgia-born businessman Ivan Savvidis entered the field of play with a holstered gun on his belt.
  • CME Group reaches deal to acquire NEX for $5.5 billion

    CME Group reaches deal to acquire NEX for $5.5 billion

    Finance

    The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.10. About 311,888 shares traded. (NYSE:MRK) has declined 14.94% since March 28, 2017 and is downtrending. (NASDAQ:CME). Canandaigua Bancorp And Tru Commerce invested in 2,180 shares or 0.06% of the stock. Citigroup has 241,610 shares for 0.01% of their portfolio.
  • Barclays to pay $2 billion US fine over mortgage fraud claims

    Barclays to pay $2 billion US fine over mortgage fraud claims

    Finance

    The settlement makes Barclays the latest major bank to be sanctioned for crisis-era fraud almost a decade after the collapse of major NY financial institutions dealing in mortgage-backed derivatives sparked a global recession. The US had alleged that Barclays caused "billions of dollars in losses to investors" by selling the deals in the lead up to the financial crisis. It alleged that the borrowers whose loans backed those deals were "significantly less trustworthy" than Barclays made them ...
  • GKN shareholders told to

    GKN shareholders told to "ignore" Melrose offer

    Finance

    Instead, GKN has announced a raft of counter-measures, including a deal to sell its automotive division Driveline to United States firm Dana. GKN's board, in a separate statement , accepted defeat and asked shareholders of the company to accept the GBP8.4 billion takeover bid made by turnaround specialist Melrose Industries PLC .