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Breakingviews: Pfizer's non-split
– nytimes.com/services
Robert Cyran and Richard Beales wonder whether a breakup of Pfizer – which it has decided against, amidst renewed dealmaking – will one day come around again.
Shares hit as investors fret over German banks
– nytimes.com/services
Deutsche Bank shares hit a record low again and state-backed lender NordLB scraps a 500 million euro bond sale amid investor concern over the financial industry in Europe’s largest economy. As David Pollard reports, the news was also capped by a report that Commerzbank aims to cut around 9,000 jobs and scrap its 2016 dividend…
BP braces for disaster movie impact
– nytimes.com/services
BP is bracing for more bad press after the European premiere of Deepwater Horizon. As Sonia Legg reports, the film focuses on the hours before and after the deadly rig explosion in the Gulf of Mexico on April 20, 2010 that led to the worst offshore oil disaster in U.S. history.
Wanda in talks with Dick Clark
– nytimes.com/services
The Chinese media conglomerate is in talks to buy a controlling stake in the American company that runs the Golden Globes and other major award shows. Fred Katayama reports.
Disney eyeing Twitter
– nytimes.com/services
Disney joins the growing list of companies interested in buying Twitter. As Fred Katayama reports, the microblogging service could morph depending on who buys it.