Finance Forex

Walmart Faces Challenge to UK Merger Plans as CMA Questions Asda-Sainsburys Deal

Walmart Inc.’s (WMT) struggling U.K. subsidiary could be blocked from merging with a larger rival over concerns from the country’s competition watchdog that the tie-up would lead to higher prices and a “poorer experience” for shoppers in Europe’s second-largest market. Britain’s Competition and Markets Authority said Wednesday that the proposed merger between Asda Group and […]

Finance Forex

Brexit Brief: U.K. opposition party splits over Corbyn’s EU withdrawal plans

The U.K.’s opposition Labour Party suffered a dramatic split on Monday morning after a group of its politicians decided to leave in protest over leader Jeremy Corbyn’s handling of Brexit. The breakaway group comprises the influential pro-European parliamentarian Chuka Umunna, as well as Luciana Berger, Chris Leslie, Angela Smith, Mike Gapes, Gavin Shuker and Ann […]

Finance Forex

Publishers wary of Apple’s plans for subscription news app

Apple Inc.’s plan to create a subscription service for news is running into resistance from major publishers over the tech giant’s proposed financial terms, according to people familiar with the situation, complicating an initiative that is part of the company’s efforts to offset slowing iPhone sales. In its pitch to some news organizations, the Cupertino, […]