September 4, 2015 10:00 am
Irish aircraft lessor Avolon Holdings Ltd said on Thursday it agreed to be acquired by Chinas Bohai Leasing Co Ltd in a $2.5-billion deal, highlighting the Asian countrys growing demand for passenger jets. Bohai Leasing, a Shenzhen-listed subsidiary of Chinese aviation and shipping conglomerate HNA Group, will pay $31 per Avolon share in cash, $1 […]
Read moreSeptember 3, 2015 10:01 am
Ratings agency Standard and Poors cut its outlook for Glencore Plc to negative from stable after the London-listed company reported a hefty drop in first-half profit and lowered its projections for commodity prices. The negative revision adds to pressure on the miner and commodity trader, whose shares have tumbled by about 65% over the past […]
Read moreSeptember 2, 2015 10:10 am
British retailer Tesco Plc has selected Asian private-equity firm MBK Partners LP as the preferred bidder for its business in South Korea, according to people with knowledge of the matter. Seoul-based MBK won exclusive negotiating rights with an offer of about $6 billion, the people said. The bid of the MBK consortium, which includes the […]
Read moreSeptember 1, 2015 10:09 am
British maker of cast-iron cookers Aga Rangemaster announced on Tuesday it has received a takeover approach from a second US company, potentially placing it in the midst of a bidding war. Aga, whose large cookers are favored by the English middle class and are synonymous with a British country lifestyle, said it has received an […]
Read moreAugust 31, 2015 10:10 am
Japanese car maker Suzuki Motor Corp said on Sunday it would buy back a 19.9% stake it sold to Volkswagen AG in 2010 after an international arbitration court granted it an exit from a fruitless tie-up. A classic example of a failed partnership in the car industry where complex supply chains and differences in management […]
Read moreAugust 28, 2015 10:19 am
GameStop Corp, the worlds largest retailer of video games and related products, reported on Thursday solid growth in second-quarter profit and revenue and boosted its full-year guidance, aided by the release of highly-awaited video games and growth in its new initiatives. The company said that net profit for the three months ended August 1st rose […]
Read moreAugust 27, 2015 9:51 am
Pernod Ricard SA, the world’s second-biggest liquor group, reported on Thursday a 15% drop in full-year profit amid a continued market decline in China and a hefty writedown on its Absolut vodka brand. The French company, also maker of Martell cognac and Jameson whiskey, said that net profit for the year ended June 30th dropped […]
Read moreAugust 26, 2015 10:04 am
US specialty truck maker Oshkosh Corp won on Tuesday a military contract to replace aging Humvees used by the US Army and the Marine Corps. The Wisconsin-based company was chosen over Lockheed Martin, the biggest government contractor, Britains BAE Systems, and AM General, the Humvee’s maker, to build almost 17 000 new light trucks, valuing […]
Read moreAugust 25, 2015 10:08 am
BHP Billiton, the worlds biggest miner by market value, announced on Tuesday an 86% drop in annual net profit but pledged to protect its progressive dividend policy. The miner said that net profit tumbled 86% to $1.91 billion in the fiscal year ended June 30th, down from $13.83 billion a year earlier, as it took […]
Read moreAugust 24, 2015 10:03 am
Netflix Inc, the world’s largest video streaming provider, announced on Monday a tie-up with SoftBank Group Corp ahead of the US companys launch in Japan next week. Under the partnership, SoftBank will be selling Netflix subscriptions in the Asian country through its retail network, helping expand Netflixs subscriber base which as of the second quarter […]
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