Nippon Steel defends US Steel acquisition after Biden opposition
Nippon Steel defended The possibility of the company acquiring U.S. Steel emerged on Friday after President Biden opposed the deal the previous day. “Our transaction has clear benefits for U.S. Steel, our union members, the broader U.S. steel industry, and U.S. national security,” the Japanese company said in a statement. “Through increased financial investment and […]
Silicon Valley Bank is back, after collapse and acquisition – The Washington Post
SAN FRANCISCO — Advertisements loom over commuters and tourists, peppered with colorful brands that many here in the tech capital thought were companies consigned to the dustbin of history. A year after Silicon Valley Bank suffered the third-largest banking failure in U.S. history, the startup and technology-focused bank wants you to know it’s back. The […]
Biden To Oppose Foreign Acquisition Of US Steel In Bid To Sway Blue-Collar Voters
President Joe Biden plans to voice his opposition to a foreign takeover of iconic American company U.S. Steel on Thursday in an effort to win over blue-collar voters, according to the Associated Press. Japan’s Nippon Steel first announced in December that it would buy US Steel, the world’s fourth-largest steel producer, for about $14.9 billion, […]
Hawley urges blocking Capital One acquisition of Discover
Sen. Josh Hawley, R-Missouri, called on Jonathan Canter, assistant attorney general of the Justice Department’s Antitrust Division, to end Capital One’s planned acquisition of Discover. “This is the most disruptive corporate merger of all time. If completed, this merger will create a new behemoth in the credit card market that will take unprecedented robbery from […]
How Capital One’s acquisition of Discover could impact consumers
Portfolio Wealth Advisors President and Chief Information Officer Lee Munson talks about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gives his outlook for the market this year. Following Capital One’s announcement earlier this week of its plans to acquire Discover, there are already opposing views on whether the […]
Major Credit Card Company Announces Mega Acquisition As Debt Continues To Strangle Americans
As Americans continue to struggle with credit card debt, Capital One announced Monday that it will acquire a rival financial services company in a major stock deal, according to the New York Times. The McLean, Virginia-based bank announced it would acquire Discover Financial Services in a $35.3 billion all-stock deal, The New York Times reported. […]
Capital One considers acquisition of Discover Financial, source says
Capital One, the online consumer bank and credit card issuer backed by investor Warren Buffett, is considering a possible acquisition of credit card lender Discover Financial Services, people said. . Terms have not been disclosed, but sources said the deal could be announced as early as Tuesday. Discover Financial’s market cap is $27.6 billion, compared […]
The Soros Empire Is Expanding Its Reach Into Media With Latest Radio Acquisition
Earlier this month, an investment firm founded by George Soros acquired $400 million worth of debt owed by the nation’s second-largest radio network in a ploy to acquire a stake in the media conglomerate. It’s the latest in a series of media-related moves. by an organization associated with Soros. Soros Fund Management has acquired $400 […]
Everything to know about Knicks trade acquisition Bojan Bogdanovic
Alec Burks is already familiar to Knicks fans, having previously played for the team for two seasons from 2020-22. But here’s Bojan, who was acquired along with Burks from the Pistons in a trade for Quentin Grimes, Evan Fournier, Malachi Flynn, Ryan Arcidiacono, and two second-round picks ahead of Thursday’s NBA trade deadline. There are […]
EU regulators plan to block Amazon’s $1.7B iRobot acquisition: report
The European Union's competition watchdog plans to block Amazon's $1.7 billion deal with robot vacuum cleaner maker iRobot. The Wall Street Journal reported This was disclosed on Thursday, citing a person familiar with the matter. Shares of vacuum cleaner maker Roomba plunged 40% to $14 after the bell. European Commission officials met with Amazon representatives […]