Earnings season. Walmart Inc
, Baidu Inc
, Applied Materials
, Assicurazioni Generali
, CNP Assurances
, National Grid
, and Wendel
are among companies reporting earnings today.NSH soon to be sold. Nestlé
is in exclusive negotiations with a consortium led by the EQT Partners fund and Abu Dhabi Investment Authority to sell its skincare division, Nestlé Skin Health, for an enterprise value of CHF 10.2 billion, the Vevey giant confirmed.Apollo and Cerberus after Neinor
. After Neinor
issued a second profit warning in less than a year and a half, Apollo
have approached the companys main shareholder, Adar Capital, to test its future in real estate, sources close to the matter told newspaper El Economista.Five punishments
. Brussels imposed fines of 1.07 billion on Barclays
and MUFG for their participation in a cartel on the foreign exchange spot market.Transport takeover
is looking at the possibility of buying the elevator division that ThyssenKrupp
plans to list on the stock market. The Finn company did not wish to comment directly on the rumor of the takeover of this entity, whose presumed valuation is around 14 billion. But it confirmed his interest: "We have been saying for years that consolidation would make sense in our sector and our opinion on it has not changed," according to a spokeswoman. However, such a project is likely to encounter significant antitrust concerns.Protective instinct.
Donald Trump has signed a decree that allows non-US equipment manufacturers, including Chinese ones, to be excluded from the US telecom infrastructure. This decision confirms the White House's hard line towards networks and introduces a new parameter into the Sino-American trade dispute.Fashion is going green.
French president Emmanuel Macron commissioned François-Henri Pinault and Kering
to federate fashion on ecology. The leader revealed this at a fashion summit in Denmark. "It is about creating a coalition of companies committed to biodiversity, climate change and ocean protection," said the group's head of sustainable development.Good will, bad will. Nissan
would consider including Thierry Bolloré, Renault's Chief Executive Officer, on its Board of Directors, which already includes President Jean-Dominique Senard, according to Mainichi. The media reports that the Japanese manufacturer is not happy with this perspective, but a local senior official who requested anonymity suggests that it is difficult to refuse given the consequences of disorganizing the Alliance.Already lucrative.
In its quarterly results, Berkshire Hathaway
specified the size of its investment in Amazon.com
as of March 31, 2008: $861 million through 483,300 shares. As of May 15, this holding was already worth $904 million, after the stock rose to USD 1871.In other news. Cisco
published quarterly results, as well as the Chinese Tencent
. The FAA believes that Boeing
will soon submit an official request to update the software of its B737MAX aircraft, still grounded since the Ethiopian Airlines crash in March. U.S. federal investigators believe that PG&E was responsible for the deadly California fire. Sony will buy back up to 4.8% of its own capital. Thomas Cook
warns of a summer that promises to be complicated for his margins.