U.S. Treasury yields came off their highs to close mostly flat on Thursday after brisk bidding for a debt auction in the afternoon, a sign that investors are still hungry for bonds despite worries that this year’s strong rally across all fixed-income assets have made their valuations expensive. With EuropeanRead More →
A much-hyped car auction sputtered out in the weirdest way Saturday. A 1939 Porsche “Type 64,” the only of its kind still existing, was expected to sell for around $20 million at an auction by RM Sotheby’s BID, +0.15% in Monterey, Calif., on Saturday night. Auction-goers heard bidding startRead More →
TOKYO (Reuters) – China’s troubled Anbang Insurance Group has started a sale of its entire $2.4 billion Japanese property portfolio and previous owner Blackstone (NYSE:) Group is bidding, two people said, after the insurer failed to sell some of the assets last year. Beijing has been speeding up asset disposalsRead More →
By Kirsti Knolle VIENNA (Reuters) – Osram (DE:) said on Monday it would consider a takeover by Austrian sensor maker AMS (S:) that trumps a competing bid by Bain and Carlyle (O:) with a cash offer valuing the German lighting group at 4.3 billion euros ($4.8 billion). AMS said itRead More →
WASHINGTON — The Defense Department is examining whether Amazon Web Services created a conflict of interest by hiring a former Pentagon employee who helped develop a cloud-computing procurement contract. AWS, a unit of Amazon.com Inc. AMZN, +0.91% , is among the companies seeking the $10 billion contract to create andRead More →
