Tag: companyNews

Deutsche Bank and Commerzbank dispute origins of merger talks

FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) – Deutsche Bank and Commerzbank on Friday offered differing accounts of who initiated merger talks, disclosing a rift between the two banks a day after their talks ended in failure. Commerzbank approached the larger […]

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Canada’s Saputo buys Kirin’s cheese business in Australia for $179 mln – Nikkei

SYDNEY, April 26 (Reuters) – Canada’s Saputo Inc. has purchased the Australian cheese business of Japan’s Kirin Holdings for about 20 billion yen ($179 million), the Nikkei reported on Friday, citing anonymous sources. Japanese beer and beverage maker Kirin Holdings said last September it was reviewing its Australia-based subsidiary Lion Pty Ltd’s dairy and drinks […]

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UPDATE 1-Electrolux cuts 2019 cost guidance after Q1 profit beat

FILE PHOTO: A man walks past an Electrolux shop in Riga, Latvia November 12, 2013. REUTERS/Ints Kalnins STOCKHOLM (Reuters) – Swedish home appliance maker Electrolux cut its full-year cost guidance after reporting first-quarter earnings above market expectations as price hikes and improved product mix helped mitigate tariff and currency headwinds. Adjusted operating earnings at the […]

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UPDATE 1-AstraZeneca first-quarter sales beat estimates on cancer drugs

FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid (Reuters) – British drugmaker AstraZeneca Plc on Friday reported first-quarter product sales and earnings ahead of analysts’ expectations, benefiting from higher demand […]

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