(Reuters) -Citigroup has appointed JPMorgan Chase's Guillermo Baygual as co-head of mergers and acquisitions, according to an internal memo seen by Reuters on Thursday, as the U.S. bank seeks to grow its share of the lucrative dealmaking business. Baygual, who has spent over 25 years at JPMorgan, most recently served as the global co-head of the largest U.S. bank's infrastructure...

01:24 PM EDT, 08/07/2025 (MT Newswires) -- US Foods ( USFD ) shares slumped intraday Thursday as the foodservice distributor's second-quarter revenue fell short of Wall Street's views, while it confirmed takeover interest in rival Performance Food Group ( PFGC ) . US Foods' ( USFD ) sales rose 3.8% on annual basis to $10.08 billion for the quarter ended...

01:22 PM EDT, 08/07/2025 (MT Newswires) -- General Motors ( GM ) intends to buy electric vehicle batteries from China's Contemporary Amperex Technology to power its second-generation Chevrolet Bolt despite President Donald Trump's steep tariffs on the country, The Wall Street Journal reported Thursday, citing people familiar with the matter. General Motors ( GM ) did not immediately reply to...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...