: Manulife to buy back $1.2B in stock as part of $13B reinsurance deal with Global Atlantic
Manulife Financial Corp. MFC said Monday it agreed to have Global Atlantic reinsure $13 billion of its reserves across four legacy/low return-on-equity blocks. The company...
: Penske Automotive to buy Rybrook Group of 15 U.K. dealerships that generate about $1 billion of revenue a year
Penske Automotive Group Inc. PAG said Monday it has agreed to acquire Rybrook Group Ltd., a U.K.-based company that consists of 15 premium dealerships, including...
: Occidental to pay $12B to buy private Permian basin company CrownRock
Occidental Petroleum Corp.’s OXY was down 1.5% in premarket trading on Monday after the oil company said it would pay $12 billion for privately held...
Fenway moves forward in final talks to invest in PGA Tour’s Saudi deal
The deal between the PGA Tour and Saudi Arabia's PIF is due to be finished by Dec. 31.
Macy’s receives $5.8 billion buyout offer, sources say
The offer values the retailer at $21 per share, according to the sources. Macy's closed at just over $17 a share on Friday.
Spanish economist picked to lead the EU’s massive lending unit lays out her priorities
Nadia Calviño, newly-appointed head of the European Investment Bank, on speeding up procedures, increasing MDB collaboration, and AI regulation.
The global metaverse gaming market set to surge 1085.92% by 2030
Metaverse gaming market is poised to surge from $14.2B in 2023 to $168.4.21B in 2030. Driven by AR, VR, and blockchain, this technological revolution is...
Bond Report: Treasury yields inch up after biggest one-day surge in the 2-year since June
Bond yields were inching higher on Monday as investors geared up for two big auctions, CPI data and the Fed meeting, all this week.
‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
Falling oil prices and rising gold prices indicate growing recessionary fears — but 10-year Treasury yields jumped on Friday amid hopes of a soft landing.