Business

Exclusive-Gerresheimer rejects takeover bid from US packing firm Silgan, sources say

Friday, April 17 by SRN News

MUNICH, April 17 (Reuters) - German medical packaging maker Gerresheimer has rejected a takeover bid from its U.S. rival Silgan, three sources familiar with the situation told Reuters. There are no longer any talks between the two companies, according to the sources. Shares in... Read More.

Netflix shares fall after downbeat revenue forecast, co-founder to leave

Friday, April 17 by SRN News

LONDON, April 17 (Reuters) - Shares in Netflix fell sharply in Europe on Friday after the company forecast revenue growth below expectations and as chairman and co-founder Reed Hastings said he would not seek re-election. By 0603GMT, the streaming service's Frankfurt-listed shares were down 8.7%.... Read More.

China expected to keep benchmark lending rates steady after strong GDP data

Friday, April 17 by SRN News

SHANGHAI, April 17 (Reuters) - China is expected to leave benchmark lending rates unchanged for an 11th consecutive month in April, a Reuters survey showed, as robust first-quarter growth and a pick-up in inflation have weakened the case for additional monetary stimulus. This week, China's... Read More.

Uber’s Delivery Hero stake boosted by Prosus’ $318 million share sale

Friday, April 17 by SRN News

April 17 (Reuters) - Dutch technology investor Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about 270 million euros ($318.06 million), making the ride-hailing group the fourth-largest shareholder in the Berlin-based food-delivery group. The sale advances Prosus' compliance with... Read More.

Ford recalls about 1.4 million pickup trucks over gear shift issue, NHTSA says

Friday, April 17 by SRN News

April 17 (Reuters) - Ford is recalling about 1.4 million F-150 trucks in the U.S. due to a software issue that may cause unexpected gear downshift, the U.S. National Highway Traffic Safety Administration said on Friday. The regulator said Ford was aware of two "potentially"... Read More.

Take Five: Warsh, war and worsening conditions?

Friday, April 17 by SRN News

April 17 (Reuters) - Financial markets are in a buoyant mood as U.S. President Donald Trump signals confidence that the war in Iran will end soon, with talks probably on the cards again this weekend. The optimism may be tested by a batch of data... Read More.

Canada Post taking steps to stop home mail delivery

Friday, April 17 by SRN News

VANCOUVER, British Columbia (AP) - The government-owned corporation that delivers mail in Canada is taking steps to stop home delivery. Canada Post is initiating talks with 13 communities to begin converting about 136,000 addresses from door-to-door delivery to community mailboxes, a standalone unit with designated... Read More.

Airline adding bunk beds for economy travelers but bans snacks, smells and cuddling

Friday, April 17 by SRN News

WELLINGTON, New Zealand (AP) - Sleep on a long-haul flight in economy class has always been a fantasy for many travelers. Air New Zealand will soon offer a solution that involves climbing into a triple-tier bunk bed wearing special socks. The airline will soon open... Read More.

Morning Bid: Markets catch their breath as weekend diplomacy beckons

Friday, April 17 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee Markets slipped into TGIF mood as the possibility of a deal between the U.S. and Iran lifted hopes and kept oil below $100 a barrel, though with the crucial Strait of... Read More.

Wall Street banks trade derivatives to bet on private credit stress, FT reports

Friday, April 17 by SRN News

April 17 (Reuters) - JPMorgan Chase, Barclays and other Wall Street banks have started trading credit default swaps linked to flagship private credit funds run by Blackstone, Apollo Global and Ares Management, the Financial Times reported on Friday. Banks including Morgan Stanley and Citigroup... Read More.

Current Weather

Exclusive-Gerresheimer rejects takeover bid from US packing firm Silgan, sources say

Netflix shares fall after downbeat revenue forecast, co-founder to leave

China expected to keep benchmark lending rates steady after strong GDP data

Uber’s Delivery Hero stake boosted by Prosus’ $318 million share sale

Ford recalls about 1.4 million pickup trucks over gear shift issue, NHTSA says

Take Five: Warsh, war and worsening conditions?

Canada Post taking steps to stop home mail delivery

Airline adding bunk beds for economy travelers but bans snacks, smells and cuddling

Morning Bid: Markets catch their breath as weekend diplomacy beckons

Wall Street banks trade derivatives to bet on private credit stress, FT reports

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