UPDATE 1-Italy's Exor wins battle to buy PartnerRe for $6.9 bln MILAN, Aug 3- Investment group Exor, which controls carmaker Fiat Chrysler, said on Monday it had signed a deal to buy PartnerRe for $6.9 billion, ending a prolonged battle for the reinsurer against a rival bid from Axis Capital. The agreement marks a U-turn for PartnerRe, which in January had agreed a merger with Axis and repeatedly spurned approaches from Exor,...
| By: Agnieszka Flak
Why this analyst is 'negative' traditional media stocks Television advertising - its life blood - is struggling, says Rich Greenfield, BTIG media & tech analyst, providing his outlook on the media sector as the group prepares to unleash a slew of earnings this week.
1st legal medical pot sold in Nevada 15 years after approval SPARKS, Nev.- Fifteen years after Nevadans voted to legalize it, medical marijuana was sold legally in the state for the first time Friday at a dispensary in a strip mall about 5 miles east of downtown Reno. Dressed in polo shirts, tie-dyes and button-downs, about 75 people with medical marijuana cards lined up outside Silver State Relief, between a sub shop and pizza...
Source: The Associated Press
| By: By SCOTT SONNER and MICHELLE RINDELS, Associated Press
Will Apple go the way of Nokia? An analyst Friday addressed the concern that Apple will lose its dominance of the tech industry like Nokia did a decade ago.
| By: Tae Kim
UPDATE 1-Starwood reaches out to potential bidders -sources July 30- Starwood Hotels& Resorts Worldwide Inc has reached out to potential bidders including InterContinental Hotels Group Plc and Wyndham Worldwide Corp after it decided to explore a sale, according to people familiar with the matter. Intercontinental and Wyndham declined to comment. A tie-up between Intercontinental and Starwood could take the form of...