- BP Plc made a $3.3bn cash offer for Archaea Energy, a leading producer of renewable natural gas in the US, to develop its bioenergy business.
- Bank of America posted lower results due to higher risks costs caused by the worsening economic outlook. Its net profit fell by 8% to 7.1 billion dollars in Q3, or 81 cents per share. However, this was better than the consensus of 77 cents per share.
- News Corp and Fox Corp are discussing a merger.
- Prosus is selling Avito in Russia to Radio Reklama Vologda and Infrastructure Holding-2 for $2.4 billion.
- Credit Suisse may also sell assets in Switzerland, according to the Financial Times.
- According to Bloomberg, the sale of Toshiba would be delayed because of the reluctance of banks on financing.
- Broadcom is hoping for quick EU approval of its $61 billion acquisition of VMware.
- Vodafone and Altice sign agreement to deploy internet fiber in Germany.
- Goldman Sachs will combine its investment banking and trading businesses, the Wall Street Journal reported.
- Cevian sold most of its Vodafone shares through June, the Financial Times reported.
- Apple is freezing its plans to use Chinese YMTC chips, Nikkei reported.
- Recruit will buy back 2.55% of its stock.
- Activist Starboard is taking a significant stake in Splunk.
- Nikola founder Trevor Miton found guilty of misleading investors.
Major earnings releases to day: Bank of America, Charles Schwab, Rio Tinto, Sandvik, Barratt Development... All the agenda here.