• 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.