Austrian sensor maker AMS raised its takeover offer for Osram to 4.5 billion euros ($4.9 billion) on Friday, ratcheting up the pressure on a private equity consortium also vying to buy the German lighting group.
Wells Fargo & Co on Friday named banking veteran Charles Scharf its next chief executive officer, ending a six-month search for a new leader to turn around the fortunes of the scandal-plagued bank, sending its shares up more than 4%. Scharf, who joins the fourth-largest U.S. bank effective next month after a 2-year stint leading Bank of New York Mellon , will become Wells Fargo's third CEO in as many years.
Philadelphia Federal Reserve Bank President Patrick Harker said in New York on Friday he thinks the central bank should "hold firm" on interest rates, pointing to a strong labor market as evidence that the economy is still growing as expected.
U.S. stocks slipped on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into China.
Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co and is planning to push for changes, including a potential break-up of the U.S. industrial conglomerate, people familiar with the matter said on Friday.
Austrian sensor maker AMS has increased its takeover offer for German lighting group Osram to 41.00 euros per share from 38.50 euros, heating up a bidding war over Osram.
Marathon Petroleum Corp said on Friday the top U.S. refiner's board supported Gary Heminger staying on as chief executive officer amid calls for his ouster from two top 10 shareholders.
Fiat Chrysler Automobiles NV and its U.S. unit will pay $40 million for misleading investors about its monthly sales figures and will resolve a lengthy probe by the U.S. Securities and Exchange Commission (SEC).
Turkey will be able to make up for the number of tourists lost after Thomas Cook collapsed earlier this week, Tourism Minister Mehmet Ersoy said on Friday, announcing that several airlines are expected to increase flights to the country.
Philadelphia Federal Reserve Bank President Patrick Harker said in New York on Friday he opposed the central bank's September rate cut and thinks the Fed should "hold firm" on interest rates.
Oil prices fell on Friday and posted a weekly loss on a faster-than-expected recovery in Saudi output, while investors also worried about global crude demand amid slowing Chinese economic growth.
UK's Civil Aviation Authority said on Friday 72 flights are scheduled to operate to bring back a further 16,000 people to the country following the collapse of Thomas Cook.
President Donald Trump's administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.
U.S. stocks fell on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into China.
(This September 26 story corrects airline group to SkyTeam alliance instead of the Sky Alliance in paragraph 6)