September 10, 2014 12:29 pm
Dollar General Corp, the largest discount retailer in the US, announced a hostile bid after the board of long-sought Family Dollar declined the latest offer on grounds of unlikely regulatory approval. The tender bid is the same as the previous one and offers $80.00 per Family Dollar share in cash. The board of Family Dollar […]
Read moreSeptember 10, 2014 12:24 pm
Fiat SpA revealed in an official statement today that Ferrari Chairman Luca Cordero di Montezemolo is resigning after spending more than two decades leading the super-car manufacturer. The decision of Mr. Montezemolo comes after a public spat with Fiats Chief Executive Officer Mr. Sergio Marchionne. Discussions over Ferrari’s future and its racing potential “led to […]
Read moreSeptember 10, 2014 11:27 am
The Chief Executive Officer of Intel Corp. – Mr. Brian Krzanich is revealing devices that he believes will show the companys progress in its push into mobile devices. At the annual Intel Developer Forum that took place in San Francisco Mr. Krzanich presented a new Dell tablet with Dells Mr. Michael Dell. “Weve made good […]
Read moreSeptember 10, 2014 9:05 am
According to people familiar with the process, the biggest software maker in the world – Microsoft Corp. is in advanced negotiations over the acquisition of Mojang AB, which is the software company that created the immensely successful Minecraft game. The people, who asked not to be identified because the talks are still private, said that […]
Read moreSeptember 10, 2014 8:11 am
At its Tuesday event Apple Inc. made a new product and services announcement. The company revealed two new bigger-screen iPhones, the long-awaited Apple Watch, a mobile-payment system and health applications that all work together forming the largest new line-up unveiled under the lead of the Chief Executive Officer Mr. Tim Cook. Apple revealed its long-awaited […]
Read moreSeptember 9, 2014 1:47 pm
The biggest restaurant chain in the world – McDonalds Corp. revealed that its sales at stores open at least 13 months fell by 3.7% in August, as the decline in the companys home market continued for the fourth consecutive month. Analysts had expected a 3.1% sales decline. The company also said same-store sales in the […]
Read moreSeptember 9, 2014 1:03 pm
Apple Inc, the worlds most valuable company, is already reaping rewards from the yet-to-come official presentation of its latest gadgets, as investors bump up their valuation of Apples stock in pre-market and European trade. In just a few hours Apple will take central stage and keep corporate and consumer eyes locked at this pivotal event […]
Read moreSeptember 9, 2014 12:59 pm
The Chief Executive Officer of ABB Ltd Ulrich Spiesshofer officially announced an unexpected $4-billion-share buyback in a push to restore investor confidence in the worlds biggest power-grid manufacturer. The move comes as a sweetener to investors after its stock underperformed some of its rivals, including Siemens AG over the past year. As Mr. Spiesshofer explained […]
Read moreSeptember 9, 2014 10:12 am
General Mills Inc. revealed in a statement that it has agreed to acquire Annies Inc. in a deal estimated to about $820 million. The acquisition, which is expected to be finalized by the end of 2014, will further expand General Mills range of natural and organic foods that includes the Cascadian Farm and Food Should […]
Read moreSeptember 9, 2014 8:52 am
The antitrust authorities of the European Union are seeking “to extract” concessions from Google Inc. after they were planning to settle a four-year antitrust probe over the U.S.-based companys search practices in Europe. This once again opens the possibility that Google may be subject to fines amounting to up to $6 billion. “Some complainants have […]
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