Germany's troubled HSH Nordbank sold to private investors

Germany's troubled HSH Nordbank sold to private investors



Two regional governments in Germany have sold troubled HSH Nordbank to private investors for around 1 billion euros ($1.2 billion).

Valeant revenue forecast misses estimates as competition heats up

(Reuters) - Valeant Pharmaceuticals' forecast for 2018 revenue fell below Wall Street estimates, as the company faces intensifying competition for some of its major products.

from Reuters: Business News http://ift.tt/2F2iMA5

Lowe's profit and margins miss lowest Wall Street estimate, shares tumble

(Reuters) - Lowe's Companies Inc's quarterly profit and gross margins failed to beat even Wall Street's lowest estimate on Wednesday as the No.2 U.S. home improvement chain's margins fell, sending its shares down about 10 percent premarket.

from Reuters: Business News http://ift.tt/2t2EylU

Valeant reports profit in fourth quarter on $1.3 billion tax benefit

(Reuters) - Valeant Pharmaceuticals on Wednesday reported a profit in the fourth quarter compared to a year-earlier loss, as it booked a one-time benefit because of new U.S. tax laws.

from Reuters: Business News http://ift.tt/2FekcuV

Tentative deal averts potential Pittsburgh teachers strike

Tentative deal averts potential Pittsburgh teachers strike



The Pittsburgh school district and its teacher's union have reached a tentative three-year contract, averting a strike that was due to start this week.

Amazon looks to lease new Boston office, mayor announces

Amazon looks to lease new Boston office, mayor announces



Amazon is seeking a new office in Boston's Seaport District, a move that could bring 2,000 employees to the city in the next few years.

What to Do When You Get Paid Less than Your Co-Workers

What to Do When You Get Paid Less than Your Co-Workers



It can happen for a good reason, but you can fix it.

Warren Buffett's Latest Advice for Surviving a Stock Market Crash

Warren Buffett's Latest Advice for Surviving a Stock Market Crash



Here’s Warren Buffett’s latest nugget of investment wisdom you need to hear.

Eurozone inflation falls again despite decade-high growth

Eurozone inflation falls again despite decade-high growth



Official figures show that inflation across the 19-country eurozone fell in February for the third month running even though the region is growing at its fastest rate in a decade.

EU unveils its first draft of Brexit legal agreement, based on progress so far

EU unveils its first draft of Brexit legal agreement, based on progress so far



EU unveils its first draft of Brexit legal agreement, based on progress so far.

Lowe's reports higher-than-expected same store sales

Lowe's reports higher-than-expected same store sales



Lowe's Companies sales growth at established stores in the fourth quarter beat analysts' estimates on Wednesday, as the No.2 U.S. home improvement chain got a boost from higher customer traffic in an improving housing market.

German food bank hands out access cards for Germans only

German food bank hands out access cards for Germans only



A food bank in western Germany has gone ahead with plans to exclude any more foreigners from accessing its services, despite an uproar across the country but applause from the far-right.

‘You Can’t Be Afraid of the Tech’

By JOHN HANC from NYT Business Day http://ift.tt/2oxt8BT

Germany Weighs Tighter Rules After Geely Takes Daimler Stake

By REUTERS from NYT Business Day http://ift.tt/2CouhEx

Maplin collapses as rescue talks fail

The 200-store electronics retailer is unable to secure a sale of the business, its boss says.

from BBC News - Business http://ift.tt/2BXDd2E

Toyota to build next generation of Auris in UK

It comes after the Japanese carmaker agreed a £240m investment in its Derbyshire plant last year.

from BBC News - Business http://ift.tt/2FbL4eY

Childcare costs: Parents of children under two pay the most

The cost of a part-time nursery place for a child under two rose by 7% in a year, to £122 a week, research says.

from BBC News - Business http://ift.tt/2CNGHBD

Exclusive: Bayer to win EU approval for $62.5 billion Monsanto deal - sources

BRUSSELS (Reuters) - German drug and crop chemical maker Bayer is set to gain conditional European Union antitrust approval for its $62.5 billion bid for world No. 1 seed company Monsanto , two people familiar with the matter said on Wednesday.

from Reuters: Business News http://ift.tt/2FCBu2f

Lowe's quarterly profit miss estimates

(Reuters) - Lowe's Companies Inc's quarterly profit missed analysts' estimates as the No.2 U.S. home improvement chain's margins fell, sending its shares down nearly 8 percent in premarket trading on Wednesday.

from Reuters: Business News http://ift.tt/2FBrVRf

Exclusive: EU set to approve $62.5 billion Bayer, Monsanto deal - sources

BRUSSELS (Reuters) - EU antitrust regulators are set to approve with conditions German drug and crop chemical maker Bayer's $62.5 billion bid for world No. 1 seed company Monsanto , two people familiar with the matter said on Wednesday.

from Reuters: Business News http://ift.tt/2F2RZDF

Lowe's reports higher-than-expected same store sales

(Reuters) - Lowe's Companies Inc's sales growth at established stores in the fourth quarter beat analysts' estimates on Wednesday, as the No.2 U.S. home improvement chain got a boost from higher customer traffic in an improving housing market.

from Reuters: Business News http://ift.tt/2t20wFB

Son of India's former finance minister arrested

Son of India's former finance minister arrested



An opposition official says the son of India's former finance minister has been arrested as part of a financial misconduct investigation.

Adidas CEO says sales grew 15-20 pct in 2017

Adidas CEO says sales grew 15-20 pct in 2017



Sales at German sportswear firm Adidas rose between 15 and 20 percent to more than 20 billion euros ($24 billion) in 2017.

British arm of retailer Toys R Us goes into administration

British arm of retailer Toys R Us goes into administration



The British arm of Toys R Us has gone into insolvency administration, putting 3,200 jobs at risk.

German authorities arrest suspected Nusra Front supporter

German authorities arrest suspected Nusra Front supporter



German authorities have arrested a Syrian man on allegations he supported the extremist Nusra Front in his homeland.

Fed's Powell sends world stocks reeling to five-day low to end turbulent February

LONDON (Reuters) - World stocks were set to snap a record 15-month long winning streak on Wednesday, tumbling another quarter percent after new Fed boss Jerome Powell's comments suggested the possibility of four U.S. interest rate rises this year rather than three.

from Reuters: Business News http://ift.tt/2ovH0wo

Indonesia seizes luxury yacht linked to 1MDB probe

JAKARTA (Reuters) - Indonesia on Wednesday seized a luxury yacht on the island of Bali sought by the U.S. Department of Justice (DOJ) as part of a multi-billion dollar corruption investigation linked to Malaysian state fund 1Malaysia Development Berhad (1MDB).

from Reuters: Business News http://ift.tt/2HSDQei