November 3, 2014 4:22 pm
Laboratory Corporation of America Holdings, a major provider of healthcare diagnostic services, announced it has struck a cash and stock deal with Covance Inc. to add contract research services to its portfolio. LabCorp said the deal is valued at $105.12 per Covance share, which represents a 32% premium to the companys closing price on October […]
Read moreNovember 3, 2014 3:16 pm
Diageo PLC closed an asset swap deal with Casa Cuervo that would give the British liquor company ownership of the Don Julio tequila brand in exchange for its Bushmills whiskey label. The deal includes Casa Cuervos 50% share that Diageo doesnt already own of the tequila brand plus cash payment of $408 million for the […]
Read moreNovember 3, 2014 1:16 pm
HSBC Holdings PLC stated lower-than-expected third-quarter profit as it set aside provisions to cover any potential fees related to an ongoing investigation into manipulation of the currency market. Europes biggest bank by market capitalization set aside a $378-million provision to secure legal expenses as it tries to reach a settlement with the Financial Conduct Authority. […]
Read moreNovember 3, 2014 12:50 pm
Ryanair Holdings changed its full-year profit goal for the second time in 2014, saying that it now expects annual net income to be in the range of €750 million and €770 million ($936 million to $961 million). This projection exceeded Ryanairs previous forecast by at least €100 million. Earlier in 2014 the company made a […]
Read moreNovember 3, 2014 10:19 am
Altice SA revealed in an official statement that it made a binding bid to purchase the Portuguese assets of Portugal Telecom from Oi SA. According to the companys statement, the offers enterprise value amounts to €7.025 billion ($8.8 billion) and is fully financed by new debt and existing cash from Altice. The company said in […]
Read moreNovember 3, 2014 8:43 am
The third-biggest advertising company in the world – Publicis Groupe SA revealed that it reached an agreement to purchase Sapient Corp. at the price of $3.7 billion. The deal is considered part of the France-based companys strategy to expand its reach into digital offers. The transaction was approved by boards of both companies. Mr. Maurice […]
Read moreNovember 1, 2014 11:40 am
Exxon Mobil Corp. reported better-than-expected third-quarter profit due to strong performance in its refining and chemicals businesses. The company stated a 3% increase in net income to $8.07 billion, or $1.89 earnings per share, compared to last years performance of $7.87 billion, or $1.79 per share, and above analysts expectations of $1.71. Exxon reported a […]
Read moreOctober 31, 2014 2:43 pm
International Consolidated Airlines Group SA, owner of British Airways and Iberia, reported strong results in the third quarter, a complete contrast with strike-hit rivals Lufthansa and Air France-KLM. IAGs operating profit before exceptional item stood at €900 in the recent quarter, a 23% increase compared to last year and better than analysts expectation of €879 […]
Read moreOctober 31, 2014 1:11 pm
Sony Corp. reported a smaller loss than expected in the second fiscal quarter as PlayStation 4 sales limited the impact of a writedown of its smartphone business. Japans Sony stated a net loss of ¥136.0 billion, highly due to the ¥180 billion book value reduction of its Xperia unit. Since the company announced the writedown […]
Read moreOctober 31, 2014 10:21 am
Royal Bank of Scotland reported a third-quarter profit above analysts expectations even as it set aside provisions to cover any potential fines related to the ongoing investigation into alleged manipulation of the currency market. The bank reported it has put away a £400 million provision associated with the investigation and another £100 million to compensate […]
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