December 16, 2014 11:01 am
Repsol SA, the biggest energy company in Spain, reached a deal to purchase oil company Talisman Energy, in an attempt to boost its oil reserves and output. Under the agreement Repsol will acquire 100% of the Canadian company for $8.3 billion, or $8 per Talisman stock. The per-share price represents a 24% premium to the […]
Read moreDecember 16, 2014 9:30 am
The biggest plane manufacturer in the world – Boeing Co. – emphasized on its confidence by announcing a 25% increase in quarterly dividend payments, while also expanding its share-repurchase program to $12 billion, making it the largest one in its entire history. The buyback takes the place of a $10-billion program, which was implemented in […]
Read moreDecember 16, 2014 9:05 am
Google Inc. is facing another round of European fines after the data regulatory authorities in the Netherlands issued an ultimatum to the company, commanding it to improve its renovated privacy policy. The company, which is an owner of the largest search engine in the world, may be imposed a fine estimated to about €15 million […]
Read moreDecember 15, 2014 3:45 pm
Johnson Matthey PLC is selling its gold and silver refineries for £118 million as the company shifts its attention to its core chemicals and technology operations. Japan’s Asahi Holdings will take control over the plants in Salt Lake City, USA and Brampton in Canada, which employ around 340 people. Those facilities melt down old jewelry, […]
Read moreDecember 15, 2014 3:28 pm
The UberPop car service of Uber Technologies Inc. is to be banned by France only three days after a bid to block the companys smartphone application was rejected by a Paris judge. The ban is to take effect on January 1st 2015. Currently the U.S.-based company has about 500 000 regular customers in France, and […]
Read moreDecember 15, 2014 1:44 pm
Recall Holdings Ltd rejected a takeover approach from rival information storage company Iron Mountain and said the bid was undervalued. This is the latest Iron Mountain attempt at an acquisition, as both companies have been looking for opportunities to buy smaller rivals through the past year. Recalls board unanimously rejected the A$2.2 billion bid as […]
Read moreDecember 15, 2014 11:00 am
PetSmart Inc has agreed to be bought by a consortium led by Europes private equity firm BC Partners for $8.7 billion, in the largest leveraged buyout of the year. The consortium, including La Caisse de dépôt et placement du Québec and StepStone, will acquire PetSmart for $83 per share, or around 6.42% premium to the […]
Read moreDecember 15, 2014 10:45 am
Volvo AB is changing strategy to appeal more directly to buyers, particularly focusing on online marketing instead of depending on auto shows as before. According to an official statement, the car maker will be taking part in only one motor show per region as of 2015. Volvo also revealed that it intends to invest more […]
Read moreDecember 15, 2014 9:22 am
Sony Pictures Entertainment issued a request that news organizations stop unveiling materials from a serious computer hack. Attorney David Boies wrote in a statement to news organizations that any information that has been stolen and illegally acquired should be destroyed by media companies. According to Mr. Boies, such companies will be held responsible for any […]
Read moreDecember 14, 2014 1:27 pm
Tesla Motors Inc. announced that its top executive in China is to leave the company. According to a statement taken by the electric-car makers spokesman, Richard Lan, the President of the China-based operations of Tesla, Veronica Wu, has issued her resignation. Mr. Lan refused to reveal when the last day of Ms. Wus tenure will […]
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