Latest News on private equities market

Daimler has no plans to spin off its trucks division or to pursue a merger with BMW as a way to raise the company's share price, Chief Executive Ola Kaellenius said on Wednesday.

Luxury car maker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter.

Deutsche Telekom has scheduled a meeting of senior management on Wednesday as it expects U.S. regulators to approve the proposed merger of its T-Mobile US with rival Sprint , according to business daily Handelsblatt.

Philippines' Jollibee Foods Corp (JFC) , a major Asian fast-food operator, said on Wednesday it had agreed to acquire U.S. brand Coffee Bean & Tea Leaf (CBTL) for $100 million as part of its rapid expansion outside its home market.

Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter.

KKR & Co said it is buying Campbell Soup Co's Australian snacks unit Arnott's that will give it ownership of top-selling biscuit brands such as Tim Tam, in a deal local media reported was worth $2.2 billion.

Deutsche Bank on Wednesday said the German company posted a larger-than-expected loss of 3.15 billion euros ($3.51 billion) in the second quarter due to major restructuring costs.

French carmaker PSA Group delivered a sharp increase in first-half profit, as new models and the integration of Opel-Vauxhall more than made up for weaker emerging-market sales.

U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market.

Starbucks Corp said on Tuesday it would expand its partnership with Uber Eats to deliver food and coffee throughout the United States in early 2020.

Philippines' Jollibee Foods Corp said on Wednesday it is buying U.S. brand Coffee Bean & Tea Leaf for $100 million.

KKR & Co said it is buying Campbell Soup Co's Australian snacks unit Arnott's Biscuits that will give it ownership of top-selling cookie brands such as Tim Tam, in a deal local media reported was worth $2.2 billion.

Samsung Electronics Co Ltd's first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch was delayed by screen problems earlier this year, the company said on Thursday.

Oil prices edged higher on Thursday amid lingering Middle East tensions and after U.S. crude stocks dropped more than expected, but gains were stemmed by a fragile demand outlook amid more signs of slowing global economic growth.

Tech conglomerate SoftBank Group Corp will invest $40 billion in its forthcoming second Vision Fund, the Wall Street Journal reported on Wednesday.