June 3, 2014 8:41 am
According to an official e-mailed statement made by the U.S. research company Morningstar Inc., Pimco Total Return Fund, which is currently the biggest bond fund in the world and is run by Bill Gross, suffered a 4.3-billion-dollar loss in redemptions last month. One of the spokesmen of Pimco Total Return Fund – Mr. Mark Porterfield […]
Read moreJune 3, 2014 7:56 am
The annual conference of Apple Inc. that took place in San Francisco yesterday, proves on the efforts of the companys Chief Executive Officer Mr. Tim Cook to prevent programmers from choosing some of its competitors such as Google Inc. The research Chief at Kantar Worldwide – Mrs. Carolina Milanesi commented on the companys performance for […]
Read moreJune 3, 2014 7:37 am
Pilgrims Pride Corp., 75% of which is being held by the world largest meat company JBS SA, intends to increase its offer for Hillshire Brands Co. According to a person with knowledge of the issue, the companys new offer amounts to 55 dollars per share and beats the 50-dollars-a-share bid made by Tyson Foods Inc. […]
Read moreJune 2, 2014 2:28 pm
The Chief Executive Officer of Det Norske Oljeselskap ASA – Mr. Karl Johnny Hersvik announced at a presentation today that the company is to acquire the Norwegian business of Marathon Oil Corp. in a transformational deal that is estimated at 2.7 billion dollars. The purchase is considered to be beneficial for the company and would […]
Read moreJune 2, 2014 1:01 pm
The Switzerland-based Novartis AG made an official statement, revealing that Mr. Bruno Strigini was appointed as head of the companys cancer unit. Mr. Stirgini, who is going to occupy the leading position at one of Novartis most important unit – the oncology division, is known for previously taking the position of president of the European […]
Read moreJune 2, 2014 12:05 pm
Infosys Ltd., the second-biggest exporter of software services in India, has been dealing with some problems over the past year. The company has faced certain difficulties after more than ten senior executives have left the company after its co-founder Mr. Narayana Murthy returned a year ago in an attempt to help the company revive its […]
Read moreJune 2, 2014 9:43 am
KKR & Co. LP is planning to close its equity hedge fund in an attempt to restructure and diversify its business. The announcement comes less than three years after the unit called KKR Equities Strategies was founded. The company made an official e-mailed statement, which was cited by Bloomberg: “We have decided to close KKR […]
Read moreJune 2, 2014 8:40 am
Apple Inc. is betting on new applications and services to impress both analysts and customers as it prepares to reveal the updated and improved version of its software for iPhone and Mac. This is expected to happen at the companys annual Worldwide Developers Conference today, but the company is said that it wont reveal its […]
Read moreJune 2, 2014 7:26 am
Dai-ichi Life Insurance Co., which is currently among the three largest life insurers in the private sector in Japan, made a statement today, revealing that it is considering a purchase of a life insurer based in the U.S. The statement was a response to the report saying the company is to spend more than 4.87 […]
Read moreJune 1, 2014 8:26 am
Valeant Pharmaceuticals International Inc raised its takeover offer for Botox maker Allergan Inc for the second time this week in an ongoing effort to secure a deal that would value Allergan at about $53.3 billion. Valeant has teamed up with Bill Ackman, whose hedge fund Pershing Square Capital Management LP owns a 9.7% stake in […]
Read more