Business News

• Google seeking to promote rivals to stave off EU antitrust action March 18, 2019
  Google is trying to boost price comparison rivals such as Kelkoo in an effort to appease European Union antitrust regulators and ward off fresh fines following a 2.4-billion-euro ($2.7 billion) penalty nearly two years ago.
• Deutsche, Commerzbank talks private commercial decision: SPD leader March 18, 2019
  Merger talks between Deutsche Bank and its smaller rival Commerzbank are a private commercial decision, the leader of the German centre-left SPD party, Andrea Nahles, said on Monday.
• Deutsche Bank merger talks with Commerzbank raise job fears, lift shares March 18, 2019
  Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel's office and top shareholders on Monday after confirming merger talks.
• Top Wall Street banks working on Deutsche-Commerzbank merger: sources March 18, 2019
  Goldman Sachs and Citi are helping Germany's two biggest lenders work on their potential $28 billion-plus merger, people close to the matter said on Monday.
• Wall Street inches higher ahead of Fed policy meeting March 18, 2019
  Wall Street edged higher on Monday as declines in Boeing and Facebook held gains in check and investors eyed this week's Federal Reserve meeting for affirmation of the central bank's commitment to "patient" monetary policy.
• Ethiopia and Indonesia crash parallels heap pressure on Boeing March 18, 2019
  Investigators into the Boeing 737 MAX crash in Ethiopia have found striking similarities in a vital flight angle with an airplane that came down off Indonesia, a source said, piling pressure on the world's biggest planemaker.
• GM considers options for its Lyft stake following IPO March 18, 2019
  As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion.
• Ride-hailing firm Lyft launches IPO road show in Uber's shadow March 18, 2019
  Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber Technologies Inc goes public in April.
• U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza March 18, 2019
  By Justin George Varghese, Rachel Armstrong and Pamela Barbaglia
• Warner Bros CEO Kevin Tsujihara steps down March 18, 2019
  Warner Bros Chairman and Chief Executive Kevin Tsujihara has resigned from one of Hollywood's most powerful studios following a report that he improperly helped an actress obtain roles at the studio.