Reuters The U.S. Federal Trade Commission said on Tuesday it will sue to block the 4 billion merger between mattress manufacturer Tempur Sealy International Inc and retailer Mattress Firm. Tempur Sealy had announced the cashandstock deal in May 2023, seeking to add Mattress Firm39;s more than 2,300 brickandmortar store locations. The combined company would have about […]

LOS ANGELES, Reuters Shari Redstone39;s National Amusements has reached a preliminary deal to sell its controlling interest in Paramount Global to David Ellison39;s Skydance Media, three sources familiar with the matter told Reuters on Tuesday. The news sent Paramount shares up 9 in afterhours trading. Under the tentative agreement, Skydance would pay 1.75 billion for National […]

SEOUL, July 3 Reuters South Korea39;s financial regulator imposed record high fines on two subsidiaries of the former Credit Suisse group for stock shortselling violations, the regulator said on Wednesday. The Financial Services Commission FSC decided to impose fines of 16.9 billion won 12.17 million and 10.2 billion won on Credit Suisse AG, currently UBS […]