Investing.com -- Evercore ISI upgraded Capital One Financial Corp (NYSE:COF) to "Outperform" from "In Line," focusing on long-term earnings upside from its pending acquisition of Discover Financial Services (NYSE:DFS), offsetting the near-term risks like consumer weakness and regulatory concerns. Brokerage’s price target on the stock was $200, roughly a 21% upside.A delayed DFS deal closi ...
By Mimosa Spencer and Tassilo HummelPARIS (Reuters) -Frederic Arnault, one of the five children of LVMH chairman and CEO Bernard Arnault, will become chief executive of the group’s high-end Italian cashmere label Loro Piana in June, the world’s biggest luxury group said in a statement on Wednesday. The move is part of an ongoing extensive top management reshuffle as a new generation rises thro ...
(Reuters) -A consortium consisting of Warburg Pincus and KKR is in talks to acquire German packaging and medical equipment maker Gerresheimer AG (BS:GXId), Bloomberg News reported on Wednesday, citing people familiar with the matter.The private equity firms have emerged as the frontrunner after they teamed up and other potential bidders including Bain Capital dropped out, Bloomberg News said. Ge ...
Investing.com -- Omar Mejia, the deputy governor of Mexico’s central bank, addressed journalists on Wednesday, noting that the U.S. has been using tariffs as a negotiation tool. Mejia spoke after an event in Mexico City, and his comments were focused on the future of North American trade relations, specifically with regard to Mexico’s main trade partners, the U.S. and Canada.Mejia stated that ...