Thyssenkrupp's elevator business gets at least 3 bidders: sources

FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp has received bids from at least three major bidding groups for a majority stake in Thyssenkrupp’s (TKAG.DE) elevator business, four people familiar with the matter said. Thyssenkrupp Elevator Technology (ET), which sources said could fetch as much as 17 billion euros ($18.73 billion), is the German group’s most profitable asset and has been put on the […]

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Comey confident Barr's findings on him, Russia investigation will restore confidence in DOJ

Sol Wisenberg says it would be very difficult to prosecute James Comey for inconsistent statements under oath Justice Department Inspector General Michael Horowitz told lawmakers his investigators will ‘assess’ new allegations of ‘inconsistencies’ in former FBI Director James Comey’s congressional testimony; insight from Sol Wisenberg, Fox News contributor and former deputy independent counsel. Former FBI Director James Comey called on […]

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Kids splashing cash ‘chasing losses’ on games like Fortnite are ‘gambling’

Children spend hundreds of pounds “chasing their losses” on online game purchases that offer unknown rewards, a report warns. Buying loot boxes on games such as FIFA and Fortnite should be classed as gambling, the Children’s Commissioner said. Loot boxes allow players to buy items that might be difficult to earn otherwise, but the contents are usually not known until […]

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CBA criminal charges a good first step – but ASIC needs to do more

For those looking for heads on sticks, news that CBA has been charged with 87 criminal offences was bitter sweet. The bank that most contributed to the need for a royal commission into misconduct was finally being called to account. Not civilly, not with the usual negotiated settlements such as offers to rewrite press releases or small community donations, but […]

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Thyssenkrupp proceeds with elevator sale after CEO switch: sources

FRANKFURT/DUESSELDORF, Germany (Reuters) – Thyssenkrupp (TKAG.DE) will weed out some potential suitors for its elevator unit within the next two weeks, two people familiar with the matter said, as the closely-watched auction gathers pace regardless of the planned ousting of CEO Guido Kerkhoff. Bidders invited to the next round will likely include private equity groups KKR (KKR.N), Blackstone (BX.N), CVC […]

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Justin Bieber vs Tom Cruise fight would be UFC's richest purse ever, Dana White says

UFC’s Dana White: I’m for standing for national anthem UFC President Dana White on the fallout from the NFL national anthem protests. A potential mixed martial arts match between pop singer Justin Bieber and actor Tom Cruise would generate the biggest purse in Ultimate Fighting Championship’s history, according to UFC President Dana White. Continue Reading Below Bieber, 25, generated a […]

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New England newspaper owner fights to save local journalism

In this Thursday, April 11, 2019 photo, copies of The Berkshire Eagle newspaper are placed in a machine before being bundled for distribution, in Pittsfield, Mass. The paper now features a new 12-page lifestyle section for Sunday editions, a reconstituted editorial board, a new monthly magazine, and the newspaper print edition is wider. That level of expansion is stunning in […]

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The research chief at the world's largest hedge fund unpacks a market that's suddenly opening up to US investors — and why the gold rush is a once-in-a-lifetime opportunity

The opening up of a major international financial market has created an opportunity “that essentially didn’t exist” for US investors, according to Karen Karniol-Tambour, the head of investment research at Bridgewater Associates. “If you believe in diversification, you’re not going to get a lot of opportunities where such a large market opens up,” she told Business Insider. Visit BusinessInsider.com for […]

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Hawaii weighs nation's first statewide ban on e-cig flavors

Trevor Husseini exhales a vape cloud in Honolulu on Thursday, March 28, 2019. Hawaii lawmakers are considering outlawing flavored tobacco and electronic cigarette liquids like Maui Mango and Cookie Monsta in an effort to stop escalating teenage vaping. (AP Photo/Audrey McAvoy) The first state to limit tobacco and electronic cigarette sales to people 21 and older is contemplating a new […]

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