September 2, 2014 2:12 pm
Norwegian Cruise Line Holdings, the worlds third-largest cruise operator, announced it has reached an agreement to acquire rival Prestige Cruises International for about $3 billion, adding eight luxury ships to its fleet and sending its share soaring. Oceania Cruises, one of two brands operated by Prestige, is the market leader in the upper-premium cruise segment, […]
Read moreSeptember 2, 2014 12:34 pm
After facing problems with a supplier in China, McDonalds Corp. is in the process of overhauling its food-safety strategy in the Asian country to recover from a blow to its reputation and sales. The fast food chains China division said in a statement, which was cited by Bloomberg: “McDonald’s expects all staff and suppliers to […]
Read moreSeptember 2, 2014 12:29 pm
Dollar General Corp, the largest discount retailer in the US, went public with its latest bid to acquire its smaller rival Family Dollar, after the latter had earlier elected Dollar Trees inferior offer over Dollar Generals bid. The new deal offers Family Dollar shareholders $80 per share, 2% higher than the previous offer, 31.9% over […]
Read moreSeptember 2, 2014 10:14 am
Luxottica Group SpA, the largest eyewear maker in the world, revealed that its Chief Executive Officer Andrea Guerra is leaving the company after a successful decade at the helm, during which the companys stock rose threefold. “I have respect for Guerra, but unfortunately our views of the company’s future diverged,” Leonardo Del Vecchio, founder and […]
Read moreSeptember 2, 2014 9:07 am
In July 2014, Goldman Sachs Group Inc. gave a loan estimated to $835 million to Banco Espirito Santo SA, once Portugals biggest publicly-traded bank by market capitalization, just a few weeks before the units of the group sought creditor protection. The loan was given through Oak Finance Luxembourg SA a month before the Portuguese lender […]
Read moreSeptember 2, 2014 7:40 am
Apple Inc, which is expected to reveal its new iPhones next week, is currently investigating in collaboration with the FBI reports related to leaked photos of celebrities due to vulnerabilities in its iCloud service. The nude photos and videos of celebrities, among which is the the Oscar-winner actress Jennifer Lawrence, were posted by the hackers […]
Read moreSeptember 2, 2014 6:51 am
NK Rosneft OAO, Russias state-owned and largest crude oil producer, is offering a stake in one of the companys biggest oil projects to China. The move comes as relations with the West sour over the crisis in Ukraine, and Moscow looks to new friends. Russian President Vladimir Putin revealed the proposed acquisition on Monday, as […]
Read moreSeptember 1, 2014 3:04 pm
A person with knowledge of the process reported that the Chinese e-commerce giant Alibaba Group Holding Ltd plans to launch its Initial Public Offering in the U.S. early in the week of September 8th, after concluding talks with US authorities, with tentative pricing on Sept. 18 and trading to start the following day. The Chinese […]
Read moreSeptember 1, 2014 2:26 pm
Microsoft Corp, the worlds largest software maker by revenue, logged the highest price of its stock on its Frankfurt listing today, Wall Street being on Labor Day holiday. Shares rose despite Chinese authorities issuing a deadline for the US-based software giant to reply to a query, souring the tone of an ongoing anti-trust investigation. “(A) […]
Read moreSeptember 1, 2014 1:05 pm
People with knowledge of the situation revealed that France-based Iliad SA is currently negotiating with private-equity firms over a partnership that will allow for an improved bid for Deutsche Telekom AGs T-Mobile U.S. Inc. division. Iliads Chief Financial Officer Mr. Thomas Reynaud said at a news conference on Monday that a few interested companies, which […]
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