
Articles
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1 week ago |
inspectioneering.com | Alban Kacher |Jan Harvey |Tomasz Janowski
Energy major ExxonMobil (XOM.N) has entered into exclusive negotiations with the French unit of Canadian energy group North Atlantic to divest its majority-owned French subsidiary Esso (ESSF.PA), it said on Wednesday. The sale is expected to take place in the last quarter of this year, at a price of 149.19 euros ($168.82) per Esso share before distributions, or 32.83 euros after distributions, Esso said in a statement.
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1 week ago |
today.westlaw.com | Jan Harvey
BRUSSELS (Reuters) -Italian bank UniCredit has offered concessions in an attempt to secure EU antitrust approval for its acquisition of Banco BPM, according to an updated filing on the European Commission website. UniCredit put in its offer on Monday,...
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1 week ago |
cp24.com | Anna Ringstrom |Marie Mannes |Terje Solsvik |Jan Harvey
STOCKHOLM - Sweden's Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday. The layoffs represent around 15 per cent of the company's office staff, with close to three-quarters of job losses expected to occur in Sweden and the rest in the company's global operation, Volvo Cars said in a statement.
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2 weeks ago |
cp24.com | Arasu Kannagi Basil |Shailesh Kuber |Jan Harvey
Canada's second largest lender TD Bank on Thursday reported better-than-expected quarterly earnings driven by growth at its capital markets business, as a volatile environment boosted trading activity. The lender also announced a restructuring program to save up to $650 million annually, including layoffs of about 2% or some 2,000 of its employees, business wind-downs and exits.
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2 weeks ago |
today.westlaw.com | Jan Harvey |Svea Herbst Bayliss |Leslie Adler
NEW YORK (Reuters) -Billionaire investor Daniel Loeb is transforming his London-listed investment company into an insurance holding company following years of criticism about its valuation discount to his New York-based hedge fund Third Point.
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