May 16, 2014 1:32 pm
Cemex SAB made an official statement yesterday, announcing that its Chief Financial Officer Mr. Fernando Gonzalez will take the position of Chief Executive Officer, while Mr. Rogelio Zambrano will become chairman. The announcement takes place three days after the death of the companys former CEO Lorenzo Zambrano. Mr. Rogelio Zambrano, who gas been part of […]
Read moreMay 16, 2014 12:00 pm
The biggest private-equity firm in the world – Blackstone Group LP has reached an agreement with Deutsche Bank AG over the acquisition of the Cosmopolitan Resort. The all-cash deal is estimated to 1.73 billion dollars. Recently the resort has been having financial difficulties, which costed Deutsche Bank about 4 billion dollars – first paid as […]
Read moreMay 16, 2014 11:22 am
The cable carrier Numericable Group, which is owned by Mr. Patrick Drahis Altice SA, made an official statement today revealing that it is in exclusive negotiations with Virgin Group Ltd and Carphone Warehouse Group Plc. The company is in talks over the acquisition of Virgin Mobile unit, which is controlled by holding company Omer Telecom […]
Read moreMay 16, 2014 9:36 am
Orange SA and Bouygues SA made separate statements, revealing that they are considering a merger. The French Economy Minister Mr. Arnaud Montebourg called once again for consolidation of the French mobile-phone operators. The companies have had informal talks concerning potential partnership, including an eventual merger. An eventual deal between Orange and Bouygues, who are currently […]
Read moreMay 16, 2014 8:27 am
General Motors Co. made a decision to recall another 2.7 million vehicles in its home market. The recall was undertaken by the company in order to fix a potential problem with brake lights and some other issues. This last withdrawal increased the total number of vehicles General Motors called back in the U.S. to 11.2 […]
Read moreMay 16, 2014 7:37 am
Twenty-First Century Fox Inc., which is owned by Mr. Rupert Murdoch, made a statement announcing that a preliminary agreement with Apollo Global Management LLC was reached. The companies has agreed to merge in order to form a new TV-production venture that is supposed to be the largest one in the world and would consist of […]
Read moreMay 15, 2014 1:34 pm
Vivendi SA made an official statement revealing quarterly adjusted profit that surpassed analysts estimates as its revenue increased thanks to the companys pay-TV business. According to the companys statement, the adjusted net profit increased by 20% and reached 161 million euros (221 million dollars) compared to analysts expectations of a 142.8 million-euro profit. Vivendi also […]
Read moreMay 15, 2014 12:14 pm
Nokia made an official announcement yesterday, saying that about 5000 employees, who work in its Indian factory located in Chennai accepted a voluntary retirement plan when offered. The workers who are to be retired represent about three-quarters of the overall 6600 people working in the companys factory, which is one of the largest ones that […]
Read moreMay 15, 2014 9:30 am
The biggest consumer-electronics retailer in the U.K – Dixons Retail Plc reached a merger agreement with cellphone seller Carphone Warehouse Group Plc. The all-share deal will combine the two companies in a new entity that is estimated to more than 3 billion pounds (5 billion dollars), which is expected to become a leader in the […]
Read moreMay 15, 2014 8:18 am
After spending almost three months describing his strategy for changing the companys culture, the Chief Executive Officer of Citigroup Inc. – Mr. Michael Corbat finally took action. According to a memo to the companys employees, which was signed by the CEO, 11 people were dismissed from their jobs, including four managing directors, in relation with […]
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