German media giant Axel Springer, which owns Germany’s popular Bild tabloid and political news company Politico, is considering a split of the company together with private equity group KKR , two sources familiar with the matter told Reuters on Friday.
Unilever plans to cut a third of all office roles in Europe by the end of next year as new CEO Hein Schumacher forges ahead with a plan to boost growth at the struggling consumer goods giant, the Financial Times reported on Friday.
Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil .
U.S. index futures struggled for direction on Friday as investors parsed a set of big bank earnings to gauge the health of corporate America, while awaiting key inflation data for clues on the timing of interest rate cuts.
Argentines say they are yet to feel the benefits of cooling inflation and analysts predict the five-month streak could end when official figures for June are released on Friday.
Wells Fargo’s second-quarter profit declined and the lender missed analysts’ estimates for interest income on higher deposit costs amid intense competition for customers’ money, sending its shares down more than 5% in premarket trading.
JPMorgan Chase reported a 25% rise in second-quarter profit on Friday, buoyed by rising investment banking fees and an accounting gain of about $8 billion from a share exchange deal with Visa.
BNY posted a 10% rise in second-quarter net profit on Friday, as higher investment service fees more than offset the world’s largest custodian bank’s lower interest income.
Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing inflation levels.
