Jones Lang LaSalle To Acquire HFF For About $2 Bln In Cash And Stock

Jones Lang LaSalle Inc. (JLL), a provider of real estate and investment management services, has agreed to acquire all the outstanding shares of HFF, Inc. (HF) in a cash and stock transaction with an equity value of about $2 billion, the two companies said Tuesday. The transaction has been unanimously approved by the boards of directors of both companies. HFF […]

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Further attrition of Jet Airways’ flights likely in coming weeks: DGCA

Grappling with financial woes, the carrier has been looking at ways to raise fresh funds. Aviation watchdog DGCA on Tuesday said that 41 Jet Airways flights are currently available for operation and there may be “further attrition” of flights “in coming weeks” as it observed the situation as “dynamic”. As per the Jet Airways’ website, it has a fleet of […]

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Hyundai, Kia to invest $300m in Ola

The three companies will work on developing unique fleet and mobility solutions, besides building India-specific electric vehicles and infrastructure Hyundai Motor Company and Kia Motors Corporation will together invest USD 300 million in cab aggregator Ola. This will be the biggest combined investment by the two firms of the South Korean Hyundai Motor Group. As part of the “strategic collaboration”, […]

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Foxconn aims for Wisconsin factory to be operational by end of 2020

MADISON, Wis. — Foxconn Technology Group said Monday that its manufacturing facility in Wisconsin will be producing flat-screen panels by the end of 2020, with construction starting later this year. The news came after the worldwide electronics manufacturing leader sent mixed signals earlier this year about whether it planned to suspend work in Wisconsin. After a meeting with President Donald […]

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Cannabis stocks rally ahead of Tilray earnings

Cannabis stocks were higher Monday, as investors reacted to the latest tie-ups in the sector and awaited the release of quarterly earnings from Tilray Inc. after the close. Tilray shares TLRY, +1.27% were up 1.1%, ahead of the company’s fourth-quarter earnings, which are expected to signal whether or not the company can actually sell pot. The company’s third-quarter numbers came just […]

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Lyft seeks valuation of up to $23 billion in upcoming IPO

Lyft Inc. plans to peg its valuation at between $21 billion and $23 billion when the ride-hailing service kicks off the roadshow to market its initial public offering Monday, according to people familiar with the matter. The range, equating to between $62 and $68 a share, is preliminary and could change by the time the shares start trading around the […]

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Deutsche Bank, Commerzbank end rumors, announce merger talks

BERLIN — Deutsche Bank, Germany’s biggest bank, and domestic rival Commerzbank have decided to open talks on a possible merger, the lenders said Sunday in an announcement that followed months of speculation about such a combination. Commerzbank CBK, +1.25%  said in a one-sentence statement that the banks “have agreed today to start discussions with an open outcome on a potential […]

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‘Titan is a jewel in the crown of the Tata group’

Titan is a jewel in the crown of Tamil Nadu government and Tata group, said L. Ramkumar, chairman, Shanti Gears and president, Madras Management Association. Participating in the book release function of ‘Titan: Inside India’s most successful consumer brand,’ he said that through its entry into the watch sector, Tatas organised the unorganised sector. The book, which traces the 30-year […]

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