September 3, 2014 1:38 pm
General Dynamics Corp. has secured a £3.5-billion ($5.76 billion) deal to build nearly 600 fully-digitalized armored vehicles for the UK army as a sign of Britains commitment to protecting the interests of the North Atlantic Treaty Organization. The deal, coming in one day before the UK hosts Natos biennial summit in Newport, Wales, includes the […]
Read moreSeptember 3, 2014 1:22 pm
United Internet AG, the leading internet provider in Germany, reached an agreement with US private-equity firm KKR & Co. to acquire its 74.9% stake in Versatel for €586 million (~$771 million), assuming complete ownership of Germanys second-top fiber-optic network operator. The purchase is “a steal” for United Internet, Usman Ghazi, analyst at Berenberg, wrote in […]
Read moreSeptember 3, 2014 11:54 am
Hermes International SCA finally reached an agreement with LVMH Moet Hennessy Louis Vuitton SA. The companies revealed that they settled their four-year dispute that began when LVMH started the accumulation of a large stake in its smaller competitor. As the Wall Street Journal reported, the two companies explained: By virtue of the agreement reached today, […]
Read moreSeptember 3, 2014 9:46 am
Only a week before the official presentation of its new iPhone, Apple Inc. is waging a battle to salvage its reputation, after celebrities nude photos were illegally acquired from its iCloud storage service and leaked on the web. The company denied that its online systems had been breached, but confirmed that some of its iPhone […]
Read moreSeptember 3, 2014 8:44 am
The biggest subscription streaming service in the world – Netflix Inc. will add a privacy feature that will provide its subscribers with the opportunity to control which shows they share with friends on Facebook. The worlds largest social network said in a blog post that Netflix will allow its customers to recommend programs and shows […]
Read moreSeptember 3, 2014 8:18 am
Britains headline equity index rose to a 3-1/2-month high on Wednesday, led by Ashtead Group, with investors eyeing tomorrows interest rate decisions by the ECB and BoE which stand a considerable chance of deviating from expectations. FTSE 100 was up 0.86%, or 58.53 points, at 6 887.70 points at 8:11 GMT, having shifted in a […]
Read moreSeptember 3, 2014 7:34 am
Home Depot Inc, the biggest home-improvement chain in the US, is working in collaboration with banks and law enforcement agencies to investigate a potential breach of customer credit- or debit-card data. Ms. Paula Drake, who is a spokeswoman of the company said in a statement that was cited by the Wall Street Journal: “Protecting our […]
Read moreSeptember 3, 2014 7:13 am
BP Plc, one of the six oil majors, filed a motion with the New Orleans District Court yesterday, in an attempt to remove the court-appointed claims administrator for the Deepwater Horizon oil spill claims, saying he is biased. According to the companys statement, Mr Patrick Juneau, Claims Administrator of the Court Supervised Settlement Program (CSSP), […]
Read moreSeptember 2, 2014 2:50 pm
Select Income REIT reached an agreement over the acquisition of Cole Corporate Income Trust Inc. The cash-and-stock deal is estimated to about $3 billion including the assumption of $298 of mortgage debt. The step will help the company to expand its portfolio in the US by creating an office and industrial net lease REIT. The […]
Read moreSeptember 2, 2014 2:16 pm
Canadian train and aircraft maker Bombardier Inc is facing increasingly stronger headwinds as Goldman Sachs trimmed its price target on the company only a few days after its new CSeries jets first buyer backed out as a formal launch operator and sought changes to its delivery schedule. Goldman Sachs warned that Bombardiers biggest-ever model will […]
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