Financial Times

U.S.-based luxury jewelry retailer Tiffany & Co. (NYSE: TIF) has agreed to sell itself to LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) in a deal that was applauded by two experts. Tiffany Addresses LVMH's 'Weak Spot' LVMH boasts a lot of strength in ultra-high end...

China-based ByteDance, the owner of the app TikTok, said Tuesday that it has no immediate plans to go public in the first quarter of 2020 in Hong Kong, according to Reuters. The Financial Times reported Monday that ByteDance was planning a Hong Kong IPO as soon as the first quarter, citing two...

France’s LVMH (EPA: MC)(OTC: LVMUY), the parent company of luxury fashion brand Louis Vuitton and Givenchy, offered $14.5 billion in a buyout deal to American jewelry retailer Tiffany & Co., Bloomberg reported on Sunday. What Happened The bid values Tiffany (NYSE: TIF) at about $120 per...

In a surprise move, Hong Kong-based logistics company ESR Cayman has picked the American investment bank Morgan Stanley (NYSE: MS) to lead the relaunch of its $1.45 billion initial public offering. What Happened ESR and its primary investor, American private equity firm Warburg Pincus, approached...

China is offering to increase its purchases of U.S. agricultural products such as soybeans as China seeks an interim agreement with Washington, D.C. the Financial Times reported Wednesday. Chinese Vice Premier Liu He is scheduled to begin two days of talks Thursday with the U.S....

The standoff between the U.S. and China seems to be reaching a tipping point. Even as trade tensions between the two nations have been roiling the markets and economy for a while, the U.S. is reportedly considering an additional step.  As part of a plan to limit U.S. investments in...

Chinese e-commerce giant Alibaba Group Holding Ltd – ADR (NYSE: BABA) took the spotlight Tuesday after detailing a path to 1 billion users by 2024 at its annual investor day and the purchase of a 33% stake in Ant Financial.  Swelling User Base Alibaba had 860 million annual active...

IEX, an equity trading venue that sought to equalize the Wall Street playing field, announced Monday that it was shutting down its listing business. The development comes after IEX failed to lure high-profile IPOs. “The legacy exchanges have a strong hold on this market and to succeed we...

Avon Products Inc. (NYSE: AVP) confirmed Wednesday that it's in advanced talks with Natura Cosmeticos SA about being sold to the Brazilian company in an all-stock transaction. There is no guarantee a transaction will result from the discussions, the cosmetics maker said in a...

Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) is reportedly one step closer to fulfilling a February pledge to buyback a "significant" portion of its own stock, the Financial Times reported. What Happened Berkshire Hathaway bought back $1.3 billion of its own stock in 2018, and CEO...

Outgoing Wells Fargo & Co (NYSE: WFC) CEO Tim Sloan should be replaced with a permanent CEO with a background that isn't from Wall Street, major shareholder Warren Buffett told the Financial Times in an interview over the weekend. What Happened Sloan resigned in March amid pressure...

Boeing Co (NYSE: BA) went full throttle on airplane deliveries in 2018.  The aircraft manufacturer said Tuesday it delivered more than 800 new planes during the year — beating its previous record for the most jet deliveries for a year while continuing to book new orders to grow its...

Last month, the European Union announced the collapse of its plans to tax internet and tech giants like Alphabet Inc.’s (NASDAQ: GOOGL) Google and Facebook, Inc. (NASDAQ: FB). The alternative included specific national initiatives. Advancements within the negotiations are slated to be...

Tech stocks, which led the rally for much of the current stock market bull run, are also leading the market sell-off that's occurred since the start of October.  The crème-la-crème of the tech space — Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN),...