June 23, 2014 12:18 pm
The largest roadside assistance provider in the U.K. – AA Ltd declined in its first day of trading after its 1.4-billion-pound (2.4-billion-dollar) initial public offering that ended in the departure of its private-equity holders. The company used to be property of Acromas, which on the other hand is held by Charterhouse Capital Partners LLP, CVC […]
Read moreJune 23, 2014 9:59 am
According to a person with knowledge of the process, BNP Paribas SA is approaching an agreement to plead guilty and pay 8 to 9 billion dollars in an attempt to settle allegations related to an eventual violation of sanctions in the U.S. The Finance Minister of France – Mr. Michel Sapin did not reveal any […]
Read moreJune 23, 2014 9:05 am
The biggest online-only fashion retailer in the U.K. – Asos Plc declined in London trading after it stopped taking online orders on its website due to a fire at its main warehouse in Northern England. The fire, which happened on Friday evening, damaged the companys distribution warehouse, which is the reason why Asos continued to […]
Read moreJune 23, 2014 7:49 am
General Electric Co. managed to overcome the last obstacle for the acquisition of the energy business of the French Alstom SA, which is valued at 17 billion dollars. General Electric Co. is to finalize the largest takeover in its history so far. As reported by the Wall Street Journal, the French Economy Minister Mr. Montebourg […]
Read moreJune 21, 2014 9:40 am
Starbucks Corp, the worlds largest coffee-shop operator, will raise the prices at its cafés and its packaged ground and wholebeans coffee starting in July as an unprecedented growth in Brazil hurt supplies and sent Arabica futures prices soaring to the highest level in more than two years in April. Starbucks spokesman Zack Hutson said that […]
Read moreJune 20, 2014 1:38 pm
The Chief Executive Officer of Fiat SpA – Mr. Sergio Marchionne revealed in front of reporters that the company intends to sell holdings that are estimated at about 602 million euros (820 million dollars). According to Mr. Marchionnes announcement, this move of the car manufacturer is provoked by its motivation to free up cash in […]
Read moreJune 20, 2014 12:01 pm
Lloyds Banking Group Plc made an official statement today, revealing that it managed to sell more shares in TSB Banking Group than it had originally planned “due to significant investor demand”. The shares were priced at 260 pence apiece in the IPO. The bank sold 175 million shares in TSB, which equals to about 35% […]
Read moreJune 20, 2014 9:49 am
Siemens AG and its partners, including Mitsubishi Heavy Industries Ltd, made a joint statement today revealing that they increased their bid for the energy business of Alstom SA. The improved offer is estimated at 14.6 billion euros (19.9 billion dollars). According to the joint statement, the cash component of the bid was raised by 1.2 […]
Read moreJune 20, 2014 8:41 am
Oracle Corp. made an official statement yesterday, posting its profit and sales for the fourth quarter of the financial year that missed analysts forecasts. The announcement comes at a moment when the company is trying to shift its focus to providing primarily cloud-computing services and become a worthy rival of companies such as Salesforce.com Inc. […]
Read moreJune 20, 2014 7:45 am
The efforts invested by the Chief Executive Officer of BlackBerry – Mr. John Chen – seem to be beneficial, because the shares of the Canadian smartphone manufacturer increased by more than 11% in morning trading on June 19th. This is the largest increase of the companys stock in more than half a year after BlackBerry […]
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