Category: talks
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Southwest and activist investor Elliott begin settlement talks
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Elliott Investment Management and Southwest Airlines Co. in discussing a potential settlement that would avoid a proxy battle for control of the airline’s board, according to people familiar with the matter. Elliott proposed a framework that would give her representation on Southwest’s board but not control, said some of the…
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Investors in talks to buy Colmobil stake at NIS 8b valuation
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Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…
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Investors in talks to buy Colmobil stake at NIS 8b valuation
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Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…
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Cigna resumes mega merger talks with rival health insurer Humana, Bloomberg News reports
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(Reuters) – U.S. health insurer Cigna Group has revived merger efforts with smaller rival Humana after it abandoned the pursuit late last year, Bloomberg News reported on Friday, citing people familiar with the matter. The two companies recently held early, informal discussions about a potential deal, the report said. Shares…
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Boeing Withdraws Contract Offer as Union Talks Break Down
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(Bloomberg) — The crisis engulfing Boeing Co. took a dramatic turn after negotiations to resolve the nearly month-long strike collapsed and S&P Global Ratings warned it could downgrade the planemaker’s credit rating to junk. Most read from Bloomberg Both the embattled company and the International Association of Machinists and Aerospace…
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Spirit Airlines in talks with bondholders over terms of potential bankruptcy filing, WSJ reports By Reuters
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(Reuters) – Spirit Airlines is in talks with bondholders about the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways (NASDAQ:), the Wall Street Journal reported on Thursday, citing people familiar with the matter. Spirit shares fell 18% in after-market trading. Spirit Airlines…
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Wiz in talks on shareholders selling part of stakes – report
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Israeli cybersecurity company Wiz The company is in talks to sell existing shares worth up to $20 billion, according to a report from Bloomberg. According to the report, the cybersecurity startup, which in July rejected a $23 billion takeover offer from Google, is in negotiations with the aim of offering…
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UNI Surges 30% Amid Ongoing On-Chain Development Talks
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This article is also available in Spanish. Uniswap’s UNI has grown in favor of investors as the token continues its upward trajectory in the face of critical on-chain developments. According to CoinGecko, the token is up 30% since last month, keeping the token in the green zone. With a renewed…
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Boeing wage talks break off without progress to end strike, union says By Reuters
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(Reuters) – The International Association of Machinists and Aerospace Workers (IAM) said late on Friday that its talks on a pay deal with Boeing (NYSE:) have stalled, and that there are no further dates scheduled for negotiations at this time. “We are open to talks with the company, either directly…
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Apple drops out of talks to join OpenAI investment round, WSJ says By Reuters
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(Reuters) – Apple Inc (NASDAQ:) has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. The technology giant recently withdrew from the talks, which are scheduled to conclude next week, the newspaper said, citing a person familiar…
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Waymo in talks with Hyundai Motor to produce self-driving taxis, media report says By Reuters
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SEOUL (Reuters) – Alphabet Inc’s Waymo is in talks with South Korea’s Hyundai Motor Co to outsource the manufacturing of its self-driving vehicles, South Korea’s Electronic Times reported. Waymo and Hyundai Motor officials have met more than three times to discuss a plan to use Hyundai’s Ioniq 5 electric vehicles…
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Exclusive-Commerzbank readies talks with UniCredit but remains defensive By Reuters
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By John O’Donnell and Tom Sims FRANKFURT (Reuters) – Commerzbank is set to put Chief Financial Officer Bettina Urlaub at the head of talks with UniCredit when the German lender’s supervisory board meets next week as the Italian rival eyes a takeover, two people familiar with the matter said. UniCredit…
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Crisis looms at varsities after talks by State, lecturers collapse
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Talks aimed at averting a nationwide work boycott by university professors and non-teaching staff have collapsed, paving the way for a strike to begin at midnight. The strike was called by the University Academic Staff Union and the Kenya Universities Staff Union. It comes just a week after students called…
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DirecTV, Dish in talks again to merge satellite-TV businesses, Bloomberg reports By Reuters
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(Reuters) – AT&T Inc and its joint venture partner TPG are in talks to merge DirecTV with Dish, Bloomberg News reported on Friday, citing people familiar with the matter. Discussions between DirecTV and Dish parent EchoStar Corp. are still in the early stages, people familiar with the matter told Bloomberg…
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Air Canada begins preparations for shutdown as union talks near impasse By Reuters
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Air Canada, the country’s largest airline, said Monday it was finalizing contingency plans to suspend most of its operations as talks with a pilots’ union neared an impasse. A complete shutdown of the airline’s operations could strand thousands of passengers across the country. Air Canada and its subsidiary Air Canada…
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Musk’s xAI in talks for share in future Tesla revenue, WSJ reports By Reuters
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(Reuters) – Elon Musk’s artificial intelligence company XAI has held talks about a stake in Tesla’s future revenue in exchange for giving Musk’s electric carmaker access to XAI’s technology and resources, the Wall Street Journal reported on Saturday. Tesla will license xAI’s AI models to help power its full self-driving…
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Asia FX firms with Powell in focus; yen rises as BOJ’s Ueda talks rate hikes By Investing.com
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Most Asian currencies rose on Friday as the dollar’s recovery slowed ahead of a highly anticipated speech by Federal Reserve Chairman Jerome Powell, where he is expected to provide further signals on interest rate cuts. The Japanese yen was the best performer in Asia, extending a rally seen earlier this…
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Canada’s CN Rail, CPKC shut freight network after impasse over union talks By Reuters
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Written by Jahnavi Nidumulu and Abhinav Parmar (Reuters) – Canadian National Railway (CN) and Canadian Pacific Kansas City-based CPKC shut down its railroads nationwide on Thursday, laying off about 10,000 workers after failed negotiations with a major labor union. The decision, confirmed by the Teamsters Union, paves the way for…
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RUNE Up 17% After Talks Of Major Deal Hit The Market
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There is now some buzz surrounding ThorChain after new information about the chain was published that could change the course of RonAccording to CoinGecko, RUNE is on an upward trajectory with a staggering 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects…
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BHP and striking union at Escondida fail to resume formal talks By Reuters
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SANTIAGO/ANTOFAGASTA (Reuters) – Mining group BHP and the striking workers’ union at its Escondida mine in Chile failed to resume formal negotiations after a preliminary meeting earlier in the day, the miners’ union said on Wednesday. The copper miners’ union began a strike on Tuesday at the Escondida mine, the…