Cliffs Natural Resources Inc (CLF.N) said it would write down the value of its coal and iron ore assets by $6 billion due to weak prices, putting it in breach of debt covenants and sending its shares down as much as 6.8 percent.
Sectors
IBM to pay Globalfoundries $1.5 bln to take chip unit off its hands -WSJ
IBM Corp has agreed to hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc, the Wall Street Journal reported, citing people familiar with the matter.
Brad Pitt's 'Fury' all the rage at U.S., Canada box office
Brad Pitt's gritty World War Two drama "Fury" conquered all box office foes over the weekend, ringing up $23.5 million in ticket sales at theaters in the United States and Canada.
Qatar to buy $616 million stake in HK department store operator
Sovereign wealth fund Qatar Holding LLC has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings (1212.HK), operator of the SOGO department stores in Hong Kong and mainland China, Lifestyle said on Monday.
Investor group aims to buy Adidas' Reebok unit
An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported Sunday.
Latest News
Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's program to revive an economy battered by years of political turmoil.
Across Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what's bad for public stock markets may be good for private equity firms.
Several potential buyers are preparing bids for U.S. shopping mall owner AmREIT Inc that could value the company as much as $26 a share, the Financial Times said on Saturday.
Almost four years ago a handful of people gathered in Airbus sales chief John Leahy's spacious country house outside Toulouse and argued long into the evening over curry and cigars.
Ukraine's and Russia's leaders have reached a preliminary agreement on a price for gas supplies this winter but Kiev may need international help to pay, Ukrainian President Petro Poroshenko said on Saturday.
French food giant Danone (DANO.PA), maker of Activia yogurt and Evian water, has decided it wants to pursue a takeover of U.S. infant formula maker Mead Johnson Nutrition Group (MJN.N), sources familiar with the matter told Reuters.
French tycoon Vincent Bollore on Friday mapped out an offer to acquire control over at least 50 percent of Havas (EURC.PA), the world's sixth-largest advertising company he started investing in over 10 years ago.
Mark Cuban, the billionaire investor and owner of the Dallas Mavericks basketball team, is buying Netflix Inc (NFLX.O) shares because he considers the video streaming company to be an acquisition target.
Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's (FDO.N) board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp (DG.N).
