Monday, 13 September 2021

Reuters Business: EXCLUSIVE Buyout firm Apollo makes $4.3 billion offer to buy Tronox -sources

EXCLUSIVE Buyout firm Apollo makes $4.3 billion offer to buy Tronox -sources

Private equity firm Apollo Global Management Inc has approached Tronox Holdings Plc , one of the world's largest pigment manufacturers, with a $4.3 billion all-cash offer, people familiar with the matter said on Monday.

ViacomCBS breaks up Paramount's film and TV units

ViacomCBS Inc said on Monday it is restructuring the operations of its Paramount Pictures' movie and television production unit, in a broader shakeup aimed at ramping up content on its cable and streaming services.

Fox Entertainment acquires TMZ from AT&T-owned WarnerMedia

Fox Corp-owned Fox Entertainment has acquired the TMZ entertainment platform and its media properties from AT&T Inc-owned WarnerMedia, Fox announced Monday.

S&P 500 snaps losing streak with tax hikes, inflation data on horizon

The S&P 500 (.SPX) closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.

Intuit to buy Mailchimp for about $12 bln in cash-and-stock deal

Intuit Inc , known for its small-business accounting and DIY tax-filing softwares, said on Monday it would buy email marketing company Mailchimp for about $12 billion in a cash-and-stock deal.

Oracle misses quarterly revenue estimates amid strong competition

Enterprise software firm Oracle Corp missed Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space.

S&P 500 snaps losing streak as tax hikes, inflation data loom

The S&P 500 (.SPX) ended higher on Monday, snapping a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.

Capital One to test 'buy now, pay later' product this year, CEO says

Credit card issuer Capital One Financial Corp will test a "buy now, pay later" product this year as competition for consumer loans builds from financial technology firms providing merchants with easy ways to offer cheap financing for purchases.

Toyota says U.S. EV bill gives 'exorbitant tax breaks' to wealthy

Toyota Motor Corp (7203.T) said on Monday that a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive discriminates against nearly half of American autoworkers.

Proxy advisers split on FedEx CEO Smith's pay

Proxy advisers Institutional Shareholder Services Inc (ISS) and Glass Lewis & Co gave diverging recommendations to investors on voting on FedEx Corp CEO Fred Smith's $54 million pay package, after a labor union challenged the plan.

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