Wal-Mart Shops Brazil Unit Stake to Advent, Other Funds: Sources
Wal-Mart Stores Inc (WMT.N) is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday. Wal-Mart is being advised by Goldman Sachs & Co, according to one of the sources who spoke on condition of anonymity. Other private equity firms that are looking into the investment in the Brazilian unit are GP Investments Ltd GPIV11.LU and Acon Investments LLC, the source added.
Philadelphia Energy Solutions to File For Bankruptcy
Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, announced to its employees on Sunday that it plans to file for Chapter 11 bankruptcy, according to an internal memo reviewed by Reuters.
Facebook to Open Digital Training Hubs in Europe
Facebook (FB.O) said on Monday it will open three new centres in Europe to train people in digital skills and committed to training one million people over the next two years, part of the social media giant's drive to show its contribution to the bloc. The U.S. Company - which has faced regulatory pressure in Europe over issues ranging from privacy to antitrust - said it would open three "community skills hubs" in Spain, Poland and Italy as well as investing 10 million euros ($12.2 million) in France through its artificial intelligence research facility.
ADM Pursues Big Ag Merger with Grain Trader Bunge: Source
Top U.S. grain merchant Archer Daniels Midland Co (ADM.N) has proposed a takeover of Bunge Ltd (BG.N), according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc (GLEN.L).
Deutsche Telekom Expects Steady Dividend Hikes: Paper
Deutsche Telekom (DTEGn.DE) will keep to its promise of hiking dividends in 2018 and the years thereafter, its Chief Financial Officer Thomas Dannenfeldt told German daily Boersen-Zeitung.
China's Dalian Wanda Group Says 2017 Revenue Down 10.8 Percent
Chinese conglomerate Dalian Wanda Group said on Saturday its revenue dropped for a second consecutive year, by 10.8 percent in 2017, as the group sold off property assets and faced increasing scrutiny from regulators and lenders.
Wall Street Ends Higher Despite Government Shutdown Threat
Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading in a narrow range.
Trump's Coal Job Push Stumbles in Most States - Data
President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters. Trump made reviving the coal industry, and the declining communities that depend upon its jobs, a central tenet in his presidential campaign and has rolled back Obama-era environmental regulations to give the industry a boost.
FTC Makes Second Request on Broadcom's Bid for Qualcomm
The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd's (AVGO.O) $103 billion hostile bid for Qualcomm Inc (QCOM.O), Broadcom said in a statement on Friday, a move that could indicate heightened antitrust scrutiny. The FTC review is part of a process under the Hart-Scott-Rodino Act to scrutinize potentially anti-competitive mergers. The vast majority of deals reviewed by the FTC and the Department of Justice are allowed to proceed after the first preliminary review, according to the FTC's website.
IBM returns to growth after six years, but dour forecast hits shares
(Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters, beating analysts' estimates, but the company warned that a higher tax rate this year would eat into its profit.