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Wednesday, June 28, 2017

Exclusive: Halliburton in talks to buy billionaire Kaiser's equipment firm - sources

HOUSTON (Reuters) - Halliburton Co is in late-stage talks to acquire a fast-growing U.S. oilfield equipment supplier backed by Oklahoma energy and banking billionaire George Kaiser, according to sources familiar with the matter.

Philips to buy medical device maker Spectranetics for 1.9 billion euros

AMSTERDAM (Reuters) - Dutch healthcare company Philips has agreed to buy U.S.-based Spectranetics Corp , a maker of devices to treat heart disease, for 1.9 billion euros ($2.16 billion) including debt, as it expands its image-guided therapy business.

Meal-kit maker Blue Apron cuts expected IPO price range

(Reuters) - Online meal-kit company Blue Apron Holdings slashed the expected pricing range for its initial public offering amid growing concerns about the potential impact from Amazon.com's deal to buy Whole Foods .

Nestle plans $20.8 billion share buyback amid Third Point pressure

LONDON/ZURICH (Reuters) - Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company.

Canada allows Dow, Dupont merger after firms agree to sell assets

OTTAWA (Reuters) - Canada's Competition Bureau said on Tuesday it would allow a planned merger between DuPont and Dow Chemical Co after both firms agreed to dispose of some assets.

Drive.ai raises $50 million in funding; Andrew Ng joins board

SAN FRANCISCO (Reuters) - Self-driving startup Drive.ai said on Tuesday it raised $50 million in a second round of funding as the Silicon Valley company prepared to deploy its technology in pilot vehicles later this year.

Sprint shares jump on cable wireless talks, T-Mobile sinks

(Reuters) - Sprint Corp shares jumped as much as 6 percent on Tuesday on news the carrier is in talks with Charter Communications Inc and Comcast Corp about a wireless partnership, a move that added a new dimension to speculation about possible telecom sector tie-ups.

Pan American Energy to invest $1.2 billion in Argentina in 2017

BUENOS AIRES (Reuters) - Argentina-based Pan American Energy, a unit of BP Plc , will invest some $1.2 billion in the South American country this year, a company spokesman said on Tuesday, down from the $1.4 billion that the company had announced for 2016.

Trump brand to exit Toronto skyline after buyout deal

TORONTO (Reuters) - The name Trump will be removed from a high-rise hotel and condo development in downtown Toronto after the project's new owner, JCF Capital ULC, reached a deal with Trump Hotels to buy out its management contracts for an undisclosed amount.

Medical ad firm PatientPoint raises $140 million for digital growth

(Reuters) - PatientPoint said on Tuesday it had raised $140 million in a financing round, the latest healthcare technology company to attract investment as the pace of U.S. healthcare spending rises faster than inflation.