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Commerzbank hires Goldman, Rothschild as advisers

Bloomberg Commerzbank AG has hired Goldman Sachs Group Inc. and Rothschild & Co. as financial advisers as the German lender faces possible takeover bids from European competitors, the Financial Times reported, citing unidentified people. The firms are advising Commerzbank on its options and not necessarily preparing a defense strategy for any acquisition attempt, the newspaper reported one of the people ...

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Nike’s $50bn bluster looks dead just two years later

Bloomberg With its shares and confidence surging, Nike Inc. was on top of the world in 2015. The company was at an “all-time high,” Chief Executive Officer Mark Parker said at an investor day in October of that year. He predicted sales would jump 63 percent by 2020 to total $50 billion annually. “It’s clear that Nike is a growth ...

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Boeing invests in drone startup in push for automated technology

Bloomberg Boeing Co. is investing in Pittsburgh-based Near Earth Autonomy, a self-guided drone startup, marking its first financial backing for a company specialising in autonomous technology since establishing the HorizonX venture fund in April. Boeing, the world’s largest aerospace company, declined to specify the size of the investment. Near Earth Autonomy authorized the sale of about $10 million in equity, ...

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