News Highlights: Top Company News of the Day
April 25 2019 - 5:15AM
Dow Jones News
Deutsche Bank Deal Talks With Commerzbank Break Down
Banking giant Deutsche Bank and crosstown rival Commerzbank
ended merger talks, leaving in tatters the German government's hope
to shore up both banks and create a banking powerhouse.
Walmart's British Arm Is Blocked From Merger With U.K. Supermarket
Regulators blocked the proposed merger between Walmart's British
grocery unit and rival J Sainsbury citing competition concerns,
meaning the U.S. retail giant must now find ways to drive
stand-alone growth for Asda in the U.K.'s highly competitive retail
market.
Barclays' Investment Bank Struggles Ahead of Key Board Vote
Barclays Chief Executive Jes Staley dismissed the need for any
strategic changes after first-quarter net profit in its corporate
and investment bank fell 28%.
UBS Exceeds Expectations Despite Challenging First Quarter
UBS' net profit fell in the first quarter compared with one year
earlier but exceeded investor expectations, capping a solid first
quarter for Swiss banks despite tough conditions in the early part
of the year.
Nokia Swings to Surprise Loss
Nokia reported a first-quarter net loss after it was forced to
push back a chunk of fifth-generation network gear sales in North
America while competition heated up elsewhere.
Bayer Shares Rise After Profits Beat Expectations
Bayer shares were the biggest gainer on Germany's DAX index
after the chemical-and-pharmaceutical group's first-quarter results
beat expectations.
Nintendo Sold 16.95 Million Switch Consoles in FY18
Nintendo Co. sold 16.95 million Switch consoles in fiscal 2018,
the company said Thursday, the latest sign of solid momentum for
the gaming device as it enters its third year since its launch.
Carlos Ghosn Is Granted Bail by Tokyo Court Again
Former Nissan Chairman Carlos Ghosn was granted bail by a court
in Tokyo, paving the way for him to be released as early as
Thursday.
Deutsche Bank, Commerzbank Merger Talks Hit Stumbling Blocks
Merger talks between Deutsche Bank and Commerzbank have got
bogged down over questions ranging from a lack of investor support
to opposition from powerful labor unions.
Messaging Startup Slack Is Expected to File Listing Prospectus This Week
Messaging platform Slack Technologies is taking the next step
toward going public, with plans to reveal its prospectus as soon as
this week, according to people familiar with the matter.
(END) Dow Jones Newswires
April 25, 2019 05:00 ET (09:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.