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 05:15 ET (09:15 GMT)

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