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Thursday, June 8, 2017

Small is lucrative for Wachtell, corporate America's legal defense force

NEW YORK (Reuters) - Every Tuesday, partners and associates at Wachtell, Lipton, Rosen & Katz gather for a communal lunch in the dining room of the law firm's Manhattan offices.

Japan's Tepco, Chubu eye $910 million cost cut from merging fossil businesses

TOKYO (Reuters) - Tokyo Electric Power Company Holdings (Tepco) and Chubu Electric Power Co said on Thursday they aim to cut costs by more than 100 billion yen ($910 million) a year within five years after combining their fossil fuel power plants under their JERA Co joint venture.

Exclusive: Toshiba aims to name buyer of $18 billion chips business on June 15

TOKYO/SAN FRANCISCO (Reuters) - Toshiba Corp aims to name a winner for its prized semiconductor business next week, people familiar with the matter said on Wednesday, as a row with one of the bidders over the sale appeared to escalate.

UK must not bend rules to allow Saudi Aramco IPO: Royal London

LONDON (Reuters) - A change in UK listing rules for a potential initial public offering of oil company Saudi Aramco would be "highly inappropriate", fund manager Royal London said on Thursday, adding it would lobby against such a move.

TUI, Etihad abandon plans to form new leisure airline

FRANKFURT (Reuters) - Abu Dhabi-based Etihad Airways said on Thursday it had pulled out of talks with TUI Group , Europe's largest tour operator, aimed at creating a new joint venture holiday airline.

Italy minister says original deal over Fincantieri still valid

ROME (Reuters) - Italy considers the original agreement Fincantieri struck with France for the purchase of shipyard STX France still valid, Industry Minister Carlo Calenda said on Thursday.

Wealth management data startup Addepar raises $140 million

NEW YORK (Reuters) - Addepar, a Silicon Valley-based startup that helps wealth management firms get a more comprehensive view of their clients' assets, has raised $140 million in a round led by Valor Equity Partners, 8VC and investment manager Harald McPike.

Valeant to sell its iNova Pharma business for $930 million

(Reuters) - Embattled Canadian drugmaker Valeant Pharmaceuticals International Inc said on Thursday it would sell its iNova Pharmaceuticals business for $930 million in cash as it looks to pay down debt.

M&A target Uniper sees rising interest from investors: CEO

ESSEN, Germany (Reuters) - Uniper , the power plant and energy trading business spun off by E.ON , said it was seeing growing interest from investors, citing a 74-percent rise in shares since it was listed in September last year.

Exclusive: Sirius XM in talks to invest in Pandora - sources

(Reuters) - Sirius XM Holdings Inc, the U.S. satellite radio company controlled by John Malone's Liberty Media Corp, is seeking to invest in internet music provider Pandora Media Inc, people familiar with the matter said.