Mergers and Acquisitions

Markets

US Steel shareholders vote on controversial Nippon deal

Japan's Nippon Steel cleared one hurdle in acquiring U.S. Steel with a key vote on Friday, even as lawmakers raise red flags about foreign ownership of an American company.

Markets

Home Depot bulks up Pro-business with $18.25B deal for building products supplier SRS

The deal will expand Home Depot's total potential market by about $50 billion to roughly $1 trillion, the company said. Home Depot has a market value of $382.42 billion.

Politics

Nippon Steel says US Steel acquisition wouldn't cause layoffs, plant closures

Nippon Steel said that its planned acquisition of U.S. Steel for nearly $15 billion wouldn't cause layoffs or plant closures amid resistance from the Biden administration and unions.

Politics

Biden voices opposition to US Steel's sale to Japanese firm

President Biden issued a statement Thursday saying he is opposed to U.S. Steel being purchased by a foreign entity, as the federal government reviews its planned sale to a Japanese firm.

Markets

Kroger-Albertsons merger: Is it good or bad for shoppers?

The FTC is attempting to block the Kroger-Albertsons merger on the grounds it would hurt competition, while the companies argue the tie-up would be beneficial for consumers and workers.

Weight loss drugs will exceed $100B in annual sales by 2030: Barbara Ryan

Barbara Ryan Advisors founder Barbara Ryan discusses the future of the biotech sector on 'Making Money.'

Economy

JPMorgan CEO Dimon cautious about soft landing for economy

JPMorgan Chase CEO Jamie Dimon said he remains cautious about the prospects for the U.S. economy to have a soft landing but that market sentiment is improving.

Lifestyle

Kroger-Albertsons merger in jeopardy

The Federal Trade Commission is suing to block Kroger's proposed $24.6 billion deal to buy a major rival, saying it would lead to higher prices for millions of Americans.

Politics

Stuart Varney: BP exec's husband guilty of insider trading after eavesdropping on wife's merger deal

FOX Business' Stuart Varney discusses the case of Tyler Loudon who pleaded guilty to securities fraud related to insider trading after eavesdropping on his wife's work calls.

Stuart Varney: BP exec's husband guilty of insider trading after eavesdropping on wife's merger deal

'Varney & Co.' host Stuart Varney discusses the case of Tyler Loudon who pleaded guilty to securities fraud related to insider trading after listening in on his wife's work calls.

Markets

Capital One's purchase of Discover faces political and regulatory hurdles

Capital One's proposed purchase of Discover Financial is expected to face pushback from regulators, who are already being pressured by lawmakers to block the deal.

Markets

Capital One, Discover merger will break Visa-Mastercard 'duopoly,' analysts say

Capital One's $35.3 billion acquisition of Discover Financial would likely renew competition for Visa and Mastercard, which have long dominated the payment processing industry.

Markets

Why Walmart is buying smart-TV maker Vizio

Walmart announced Tuesday it is buying smart-TV maker Vizio in a $2.3 billion acquisition aimed at boosting the retailer's growing advertising business.

Markets

Capital One to acquire Discover Financial

Capital One is planning to buy Discover Financial Services that would bring the two large credit card issuers and lenders together, the company announced Monday.

Markets

Spirit Airlines uncertainty has some pilots dusting off their resumes

Some pilots at Spirit Airlines are looking for new job opportunities after the Department of Justice blocked the budget carrier's proposed merger with JetBlue Airways last month.

Energy

Diamondback in $26B deal to buy Endeavor Energy in growing Permian push

The combined company would be the third-largest oil and gas producer in the region behind Exxon and Chevron, with both firms having announced recent deals.

Politics

US steel workers outraged over billion-dollar deal 'selling out' employees to a foreign entity

U.S. Steel has allegedly "sold off to the highest bidder to line their own pockets," according to local union presidents who now worry about their job security and livelihoods.

Markets

Byron Allen offers to buy Paramount Global for $14 billion

Allen Media Group, run by media mogul Byron Allen, offered to buy Paramount Global in a deal worth more than $14 billion after a prior offer extended last year was rebuffed.

Experts warn Biden's meddling in big business could hurt US consumers

FOX Business' Lydia Hu reports on how the Biden administration is cracking down on major companies like Google, Spirit, JetBlue, Amazon, Ticketmaster and UnitedHealth Group.

Lifestyle

Macy's rejects $5.8B takeover bid to go private

Macy's rejected a $5.8 billion bid from Arkhouse Management Co. LP and partner Brigade Capital Management LP to acquire all outstanding shares of Macy's.

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