SATS is currently forming a bollinger squeeze and trading between a range of 2.55 to 2.65. There is no bearish or bullish signals seen yet. Using imagination, it is also forming a sausage dog chart pattern, never before seen…
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BBC News – Business- Fiat Chrysler proposes merger with RenaultFiat said the proposed tie-up would create a "world leader" in the rapidly changing auto sector.
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- Fiat Chrysler proposes merger with Renault
- Reuters: Business News
- Fiat Chrysler and Renault pursue $35 billion merger to tackle car sector challengesFiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to confront the costs of far-reaching technological and regulatory changes by creating the world's third-biggest automaker.
- Fiat's experience with Chrysler shows Renault deal can work: FCA chairmanFiat's experience with Chrysler shows the scope of what Fiat Chrysler (FCA) could achieve in the next few years if a proposed merger with Renault went through, the chairman of the Italian-American car maker said on Monday.
- European stocks gain on EU election relief and auto shares surgeEuropean shares climbed on Monday as investors snapped up automaker stocks following confirmation of merger talks between Fiat Chrysler and Renault, and after pro-EU parties kept a firm grip on power in elections to the European Parliament.
- Oil rises to $69 as Mideast tension and supply cuts offset trade concernsOil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though concern over the U.S.-China trade dispute and global economy capped gains.
- Factbox: Auto industry consolidation - mega-mergers and alliancesItalian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France's Renault in a deal that could create the world's third-biggest carmaker and trigger a fresh round of industry consolidation.
- Renault's board 'studying with interest' Fiat Chrysler deal termsFrench carmaker Renault said it was "studying with interest" the terms of the proposed merger with Fiat Chrysler (FCA).
- Nasdaq pulls out of Oslo Bors battle, handing Euronext victoryNasdaq withdrew its offer for Oslo Bors on Monday, giving pan-European exchange Euronext free rein to pursue its bid for the Norwegian stock market operator after a five-month battle.
- Failing to hire women, ECB extends supervision job deadline: sourcesThe European Central Bank has extended a deadline for filling three top jobs at its bank supervision arm after it failed to hire any women for the roles, two sources said, illustrating the bank's long struggle to attract female talent for senior positions.
- Asia's billionaires develop taste for boutique wealth managersGrowing demand by Asia's rich for independent advisory services and access to a wide variety of investment products is spurring the surge of boutique wealth managers more associated with the established wealth hubs of Switzerland and London.
- FCA, Renault deal could take more than one year to be finalised - CEO to employeesIt could take more than one year for Fiat Chrysler and Renault to finalize a proposed merger of the two companies, FCA group's chief executive told employees on Monday in a letter seen by Reuters.
- Fiat Chrysler and Renault pursue $35 billion merger to tackle car sector challenges