BREAKINGVIEWS-Pringles' $36 bln deal comes with a pinch of salt The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, Aug 14 (Reuters Breakingviews) - Mars is adding Pringles next to the M&M’s in its corporate pantry. A $36 billion deal for potato-chip maker Kellanova K.N makes sense to round out its chocolate-heavy portfolio.

UPDATE 8-Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal All-cash deal for $83.50 per Kellanova share Acquisition expands Mars' snacking platform Shares up nearly 8% in early trade Adds more background on Mars and Kellanova from paragraphs 17-25 By Anirban Sen, Savyata Mishra, Jessica DiNapoli and Abigail Summerville NEW YORK, Aug 14 (Reuters) - Family-owned candy giant Mars is buying Cheez-It maker Kellanova K.N in a nearly $36 billion deal, bringing together brands

UPDATE 1-Allstate to sell its employer voluntary benefits business to StanCorp Financial in $2 bln deal Adds details and background throughout Aug 13 (Reuters) - Insurer Allstate ALL.N has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday.

BUZZ-Street View: Australia's CSL to rely on Behring for revenue growth in near term ** Pharmaceutical co CSL CSL.AX forecast weaker-than-expected annual profit on Tuesday ** CSL shares closed at their lowest level on Tuesday since July 2, falling as much as 5.6% ** CSL's forecast for statutory net profit after tax between $3.2 bln-$3.3 bln on a co

BUZZ-U.S. STOCKS ON THE MOVE-Paysafe, HUYA, Oklo Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stocks hit a near two-week high on Tuesday after a softer producer prices data reinforced bets of an interest rate cut by the Federal Reserve in September.

BUZZ-U.S. STOCKS ON THE MOVE-Penumbra, Talen Energy, Paysafe Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street advanced on Tuesday after producer prices data showed abating inflation pressures, keeping the Federal Reserve on track to cut rates in September, while Starbucks soared after appointing Chipotle's Brian Niccol as CEO.

INDIA BONDS-Indian bond yields inch down with focus shifting to US inflation By Dharamraj Dhutia MUMBAI, Aug 13 (Reuters) - Indian government bond yields were marginally lower on Tuesday after data showed the country's retail inflation fell to a near five-year low in July, although traders shied away from any major move ahead of U.S. inflation data due later this week.

MOVES-Citigroup's head of digital assets for markets unit departs, memo says NEW YORK, Aug 12 (Reuters) - Citigroup's C.N head of digital assets for its markets unit, Shobhit Maini, is leaving the bank after more than 14 years, according to an internal memo seen by Reuters. Maini, who joined Citigroup in 2010, according to his LinkedIn page, was global head of digital assets for Citi markets since 2021. He is leaving Citi to pursue an entrepreneurial opportunity in the digital asset space, said

MEDIA-Citigroup's global head of markets digital assets Maini leaves - Bloomberg News -- Source link: https://tinyurl.com/mr35xrvv -- Note: Reuters has not verified this story and does not vouch for its accuracy

BUZZ-Street View: JB Hi-Fi's resilient earnings prompt consensus PT hikes ** Shares of Australia's consumer electronics retailer JB Hi-Fi JBH.AX closed at an all-time high of A$72.980 on Monday ** JBH posted smaller-than-expected drop in FY24 profit, a solid start to FY25; announced acquisition of a white goods retailer E&S Trading ** Company decla

Harris presidential campaign finds legal world booster in Paul Weiss firm By Jody Godoy and Karen Freifeld NEW YORK, Aug 12 (Reuters) - U.S. Vice President Kamala Harris' campaign to win the White House is getting a huge boost from Paul Weiss, a white shoe law firm with deep links to the Democratic Party. A favorite of Big Tech and Wall Street, Paul Weiss employees have donated more to Democratic candidates this election cycle than any other law firm.

Australia's Aurizon hits 16-mth low on gloomy FY forecast, profit miss By Rajasik Mukherjee Aug 12 (Reuters) - Aurizon AZJ.AX , Australia's biggest rail freight operator , fell to its lowest level in more than 16 months on Monday after it forecast 2025 earnings that underwhelmed investors and missed profit expectations. The stock shed as much as 8%, heading for its worst session since Feb.

UPDATE 1-China's Kaisa Group liquidation hearing adjourned by Hong Kong court Adds details in paragraphs 2-5 By Clare Jim and Xie Yu HONG KONG, Aug 12 (Reuters) - A Hong Kong court on Monday adjourned a hearing into a petition seeking liquidation of Kaisa Group 1638.HK until Sept. 9, giving the embattled Chinese developer more time to reach agreement with some bondholders on its debt restructuring plan.

UPDATE 1-Citigroup says wealth unit to sell trust services business Adds background on the wealth business By Tatiana Bautzer NEW YORK, Aug 9 (Reuters) - Citigroup's C.N wealth unit has initiated a process to sell its trust administration and fiduciary services business, the bank said in a statement on Friday. "To enhance our focus on delivering the wealth structuring advice that matters most to our global clients, Citi Wealth has initiated a process to sell our trust administration-fiduciary se

Citigroup says wealth unit to sell trust services business NEW YORK, Aug 9 (Reuters) - Citigroup's C.N wealth unit has initiated a process to sell its trust administration and fiduciary services business, the bank said in a statement on Friday. The plan comes as CEO Jane Fraser is carrying out a sweeping overhaul in an effort to improve the bank's performance, cut costs and simplify its sprawling businesses.

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Paramount Global Aug 9 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime uni

GRAPHIC-Recession risks roil markets but not yet alarming By Yoruk Bahceli and Dhara Ranasinghe Aug 9 (Reuters) - Disappointing U.S. jobs data has shaken confidence in a soft landing for the world's largest economy, sending global equity markets tumbling and bets on interest rate cuts surging. But investors abandoning a popular yen carry trade has played a big role in the selloff, complicating the message from asset prices on the economic outlook.

BUZZ-Shopify extends gains after better-than-expected results ** US-listed shares of Shopify SHOP.TO are up 7% at $68.30 on Thurs, extending a rally and set for third straight session of gains following strong second-quarter results on Wed ** SHOP closed up ~18% on Wed after the Canadian e-commerce services giant reported strong sales growth in add

Lazard hires Guggenheim banker Haydon for private equity dealmaking, source says By David French Aug 8 (Reuters) - Investment bank Lazard LAZ.N has hired Courtney Haydon from Guggenheim Securities as a managing director to help drive dealmaking involving private equity firms and alternative asset managers, a person familiar with the matter said on Thursday.

BUZZ-Monster Beverage slumps on dour Q2 Updates ** Shares of Monster Beverage MNST.O f all as much as 13.7% to $43.32 in early trading, hitting over one year and nine months low ** Energy drinks maker missed market expectations for Q2 sales on Wednesday as budget-conscious consumers kept a tight lid on spending ** Co posts net sales of $1.90 bln vs estimate of $2.01 bln; also misses Q2 profit estimates ** As many as nine brokerages have trimmed their PTs following results ** "Q2 was worse than f