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Deals

Blackstone may buy stake in Jet Airways loyalty arm: Bloomberg

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U.S. private equity firm Blackstone Group LP is in talks to acquire a stake in the frequent-flier loyalty programme of Jet Airways (India) Ltd, Bloomberg reported on Wednesday, citing people familiar with the matter.

Major Tesla shareholders trimmed stakes last quarter: filings 3:42am IST

NEW YORK Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private earlier this month.

Kroger partners with Alibaba in China grocery sales venture 3:06am IST

Kroger Co has partnered with Alibaba Group Holding Ltd to sell nuts, supplements and other products in China, venturing outside the United States for the first time in what is fast becoming a fierce global battle to dominate online grocery sales.

Soros Fund Management adds popular tech names, BlackRock in second quarter 5:32am IST

NEW YORK Soros Fund Management LLC added Facebook Inc , Apple Inc and Twitter Inc , but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday.

Diamondback to buy Energen in $9.2 billion deal to boost Permian presence 3:44am IST

U.S. oil and gas producer Diamondback Energy Inc on Tuesday agreed to buy shale rival Energen Corp in an all-stock deal valued at $9.2 billion, giving it an expanded footprint in the country's largest and fastest growing oil field.

Tribune executives will get bonuses after Sinclair deal collapses 3:43am IST

WASHINGTON Tribune Media Co said Tuesday it will pay bonuses to executives who worked for more than 15 months on its failed merger with Sinclair Broadcast Group Inc .

Berkshire boosts Goldman, Teva stakes; buys more Apple 3:14am IST

Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc .

Investment firms explore buyout of Yum China - sources 14 Aug 2018

HONG KONG Investment firms are exploring a buyout of Yum China Holdings Inc. in what could be one of Asia's biggest M&A deals this year, sources close to the situation told Reuters.

Japan utilities, Glencore set annual coal contract at $110/T - sources 14 Aug 2018

TOKYO Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne, according to several people with knowledge of the matter.

Coca-Cola bets on Kobe sports drink in fight with Gatorade 14 Aug 2018

Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo's Gatorade.