Business

Australia’s Reliance Worldwide receives $2.9 billion takeover bid from Brookfield

Monday, August 17 by SRN News

Aug 18 (Reuters) - Australia's Reliance Worldwide Corporation said on Tuesday that Brookfield Capital Partners LLC had sweetened its offer to buy the plumbing solutions company for an enterprise value of A$4.1 billion ($2.91 billion). Under the proposed deal, Brookfield would acquire all outstanding ordinary... Read More.

MLB approves sale of San Diego Padres to José E. Feliciano and Kwanza Jones

Monday, August 17 by SRN News

Major League Baseball's team owners unanimously have approved the sale of the San Diego Padres to an investor group led by private equity billionaire José E. Feliciano and his wife and business partner, Kwanza Jones. The league announced the approval Monday after a vote. Feliciano... Read More.

Trading Day: Bonds play the blues

Monday, August 17 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 17 (Reuters) - Long-dated government bond yields around the world rose on Monday to levels not seen in decades. This weighed on stocks, which were also pressured by deepening skepticism around a U.S.-Iran peace deal and oil prices rising... Read More.

US to announce steps to help refiners produce more fuel, energy chief Wright says

Monday, August 17 by SRN News

By Sheila Dang MIDLAND, Texas, Aug 17 (Reuters) - U.S. Energy Secretary Chris Wright said on Monday that Washington will announce steps within days to help refiners boost fuel output, as President Donald Trump seeks to rein in stubbornly high gasoline prices that spiked during... Read More.

Exclusive-Canadian miner NexGen Energy holds talks with BHP as it seeks $1 billion for uranium project

Monday, August 17 by SRN News

By Divya Rajagopal and Melanie Burton ATHABASCA BASIN, Saskatchewan/MELBOURNE, Aug 17 (Reuters) - Canadian uranium miner NexGen Energy is sharing information and "talking regularly" with mining giant BHP, about its Rook I mining project in Saskatchewan, CEO Leigh Curyer told Reuters when asked about a... Read More.

Madison Air Solutions to buy German fan maker ebm-papst in $5.4 billion deal

Monday, August 17 by SRN News

By Alexander Hübner Aug 17 (Reuters) - U.S.-based Madison Air Solutions said on Monday it would buy German fan maker ebm-papst in a $5.4 billion deal, expanding its air quality and ventilation business in a drive to tap the fast-growing data-centre cooling market. The transaction will... Read More.

Stellantis recalls 955,000 vehicles because radio software may disrupt rear-view camera

Monday, August 17 by SRN News

By David Shepardson WASHINGTON, Aug 17 (Reuters) - Chrysler-parent Stellantis said on Monday it is recalling 955,000 vehicles worldwide because radio software may prevent rear-view cameras from operating properly. The recall includes 848,000 vehicles in the United States including various 2026 and 2027 model year Chrysler... Read More.

US prosecutors focus on four businesses tied to billionaire Mark Walter, WSJ reports

Monday, August 17 by SRN News

Aug 17 (Reuters) - U.S. federal prosecutors looking into billionaire Mark Walter's empire are focused on four businesses that served as intermediaries between insurance companies he controlled, the Wall Street Journal reported on Sunday. The prosecutors and the Securities and Exchange Commission are investigating whether... Read More.

General Atlantic picks JPMorgan to lead revived IPO effort, source says

Monday, August 17 by SRN News

By Echo Wang Aug 17 (Reuters) - Investment firm General Atlantic has tapped JPMorgan Chase to lead its initial public offering, according to a source familiar with the matter, reviving listing plans that had been stalled for nearly three years. The New York-based company has also... Read More.

One neutral rate estimate suggests Fed’s policy stance is accommodative, paper says

Monday, August 17 by SRN News

Aug 17 (Reuters) - The Federal Reserve's current policy rate is probably accommodative, if measured against a medium-run estimate of the so-called neutral rate at which borrowing costs are neither slowing nor boosting the economy, according to research published on Monday by the San... Read More.

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Current Weather

Australia’s Reliance Worldwide receives $2.9 billion takeover bid from Brookfield

MLB approves sale of San Diego Padres to José E. Feliciano and Kwanza Jones

Trading Day: Bonds play the blues

US to announce steps to help refiners produce more fuel, energy chief Wright says

Exclusive-Canadian miner NexGen Energy holds talks with BHP as it seeks $1 billion for uranium project

Madison Air Solutions to buy German fan maker ebm-papst in $5.4 billion deal

Stellantis recalls 955,000 vehicles because radio software may disrupt rear-view camera

US prosecutors focus on four businesses tied to billionaire Mark Walter, WSJ reports

General Atlantic picks JPMorgan to lead revived IPO effort, source says

One neutral rate estimate suggests Fed’s policy stance is accommodative, paper says

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