British American Tobacco, owns 42.2% stake in Reynolds American, made a bid for the remaining 57.8% of the American company. The deal amounted to $ 47 billion, including $ 20 billion in cash and $ 27 billion in BAT shares, states the company’s message. BAT is offering $ 56.5 per Reynolds’ share, which is equivalent to a 20% premium to the closing price on 20 October. Reynolds’ enterprise cost is...

Dutch-British oil company Royal Dutch Shell announced sale of non-core oil and gas assets located in western Canada to Tourmaline Oil Corp. The deal is worth $ 1.03 billion. This asset is the last that the energy company has in the region. In other words, it means that Shell is completely discontinuing activities in Canada, reports Reuters. Shell said it intends to sell 206 thousand acres (83.37...

Glencore Plc. sold its coal haulage railway Grail in Australia to US rail operator Genesee & Wyoming Inc. for 1.14 billion Australian dollars ($ 873 million) within the company’s ambitious program to reduce debt. Sale of GRail is "a significant portion" of the debt reduction program, commented Baar, a Swiss trader.  The transaction price is higher than previously assigned value of $ 1...

In III quarter of this year, Citigroup earned $ 3.47 billion (+ 35% YoY) on bond trading, JPMorgan - $ 4,33 billion (+ 48%), Bank of America (BofA) - $ 2,77 billion (+ 39%). Wells Fargo’s trading business is small, but in the III quarter "the picture was similar to what was done in JPMorgan», told John R. Shrewsberry, Senior Executive Vice President and Chief Financial Officer, to Bloomberg....

On Monday, Netflix reported that number of the service’s subscribers has grown for the third quarter of this year. Now, total audience is reaching 3.2 million people, which significantly exceeded the streaming service’s own forecasts. Thanks to this, the company's revenue increased by 31% at once. This news, in turn, triggered a rapid jump in share price after close of NASDAQ trading session....

Verizon may refuse to buy Yahoo! because of the database hack happened in 2014 and the company’s co-operation with US intelligence agencies in the e-mail scanning, reports Reuters referring to the company's General Counsel Craig Silliman. At the meeting in the company's headquarters in Washington, Silliman spoke about the need to get a full picture of consequences of the breach, which resulted in...

Tesla Motors, even when faced with some problems in their activities due to the ever-expanding ambitions, continues to lead the market of luxury-class cars, reports Bloomberg. Sales of Tesla S model jumped 59% in the III quarter of this year compared to the same period last year. Thus, the company has consolidated its leadership in luxury car sales according to Tesla’s report. Previously, the...

The world's largest beer maker Anheuser-Busch InBev (AB InBev) announced closure of a historic deal to acquire its UK rival, brewer SABMiller, for $ 106 billion. Now, AB InBev is the largest brewing company in the world with an annual turnover of $ 55 billion, a quarter more before the deal, says Financial Times (FT). Stock trading of papers of the combined company will begin on 11 October. For...

Today, South Korean company Samsung Electronics announced complete halt of production of Galaxy Note 7 smartphones as ignition of the devices continues even after repairs, Reuters reported citing informed sources. According to the agency, the company is also planning to permanently stop sales of the model. Samsung Electronics does not comment on the information. The company has lost $ 17 billion...