August 19, 2014 6:53 am
Aeropostale Inc. announced in a statement that the company is bringing Julian R. Geiger back as the new Chief Executive Officer, after Thomas Johnson, current CEO, and the board agreed to the change. Mr. Geiger, who had a successful run as the companys CEO from 1996 to early 2010, is to once again take over […]
Read moreAugust 18, 2014 2:58 pm
According to a filing with the Ministry of Finance dated today, the Japan-based wireless carrier SoftBank Corp. intends to sell bonds for the first time after it gave up the negotiations over the merger of Sprint Corp. and T-Mobile U.S. Inc. In May 2014, ¥300 billion in five-year bonds were sold by the wireless carrier […]
Read moreAugust 18, 2014 1:39 pm
Sensata Technologies Holding NV, a Netherlands-based sensor and controls maker, revealed in a statement today that it has agreed the acquisition of Schrader International Inc. from Madison Dearborn Partners LLC. The deal, estimated at $1 billion, will reinforce Sensatas positions in the pressure sensor market, and is expected to add significant earnings in the years […]
Read moreAugust 18, 2014 12:42 pm
Apache Corp. announced the discovery of crude reserves amounting to as much as 300 million barrels off the coast of Western Australia, prompting a surge for its partners shares, ahead of Wall Street trade opening later today. According to the companys statement, oil in at least four locations was found by the companys drills at […]
Read moreAugust 18, 2014 9:51 am
The official Xinhua News Agency reported that the luxury car unit of Daimler AG – Mercedes-Benz – has been found guilty by Chinese regulatory authorities of manipulating prices of after-sales services. The decision followed an investigation which proved that Daimler AGs Mercedes-Benz luxury vehicles division abused pricing for after-sales services and supplies of replacement parts […]
Read moreAugust 18, 2014 8:57 am
Google Inc.s acquisition spree continues with the purchase of software developer Jetpac Inc. as the technological giant focuses on organizing gathered information and delivering it together with ads to both PC and mobile devices users. Google Inc. has been focused on a series of acquisitions to boost its mobile and advertising capabilities. Earlier in August […]
Read moreAugust 18, 2014 7:21 am
U.S.- based asset managers Blackstone Group LP and TPG are drawing closer to acquiring British subprime mortgage lender Kensington, which is currently owned by the financial services provider Investec. The deal is considered a sign for increasing global investor interest towards the U.K. market. According to Sky News, which first reported of the deal, the […]
Read moreAugust 17, 2014 3:59 pm
J C Penney Company Inc. made an official statement and shared a smaller second quarter loss due to the fact the company has benefited from promotions and discounts, which attracted more customers over the period. The U.S.based department store chain hasnt posted an annual profit in three years. According to the companys statement, the net […]
Read moreAugust 17, 2014 10:57 am
Swedish appliance maker Electrolux AB revealed that it has held preliminary negotiations with General Electric Co. over the acquisition of the latters appliance business. This step makes the company part of other potential suitors, who have been focused on contracts that would provide them with the opportunity to expand their reach in North America. Still, […]
Read moreAugust 16, 2014 3:20 pm
The largest mining company by market value in the world – BHP Billiton Plc made an official statement today and revealed that it may announce a spinoff of some of its assets next week. The assets in question were purchased by the company three years ago and currently amount to about 12 billion dollars. BHP […]
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