Morning Brief: Deutsche Bank-Commerzbank merger could put 30,000 jobs at risk
Monday, March 18, 2019
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WHAT TO WATCH
On Monday, the economic calendar will be light with the release of the NAHB Housing Market Index’s March results. Homebuilder sentiment is projected to rise to 63, up from 62 in February.
Meanwhile, fast-food chain Del Taco Restaurants (TACO) and cannabis high-flier Tilray (TLRY) are expected to report fourth quater earnings after market close.
TOP NEWS
Deutsche Bank-Commerzbank merger could put 30,000 jobs at risk: The merger of two massive German lenders — Deutsche Bank and Commerzbank — is being greeted with much fanfare in the markets. However, Frank Bsirske, head of Germany’s powerful Verdi union, has spoken out against the potential tie-up and warned of mass job losses. [Yahoo Finance UK]
U.S. probes the FAA's approval of Boeing 737 Max aircraft: WSJ: The United States Department of Transportation is investigating whether there were lapses in the Federal Aviation Administration's approval of Boeing (BA) planes involved in two recent fatal crashes, The Wall Street Journal reported on Sunday. [CNBC]
Trump calls GM's CEO in push to reopen Ohio auto plant: President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work. [Associated Press]
Lyft to detail plans for $2B IPO: Lyft Inc. is set to detail its plans to raise as much as $2 billion in an initial public offering as soon as Monday, according to people familiar with the matter. The No. 2 U.S. ride-hailing company could spell out the price range and number of shares it plans to market in an updated regulatory filing, said the people. [Bloomberg]
Worldpay: Former RBS division getting acquired for $43B: Worldpay, a global payments provider with British roots, is being acquired for an eye-popping $43 billion. U.S.-based FIS (FIS), a giant in the financial services technology industry, announced the purchase on Monday. [Yahoo Finance UK]
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