August 28, 2014 7:45 am
Telefonica SA, the worlds sixth-largest mobile network provider, revealed its increased offer for Vivendis GVT. The Spanish carrier will offer €7.45 billion (~$9.8bn) for Vivendis Brazilian unit, an 11% increase from the previous offer, as it outbids Italys Telecom Italia. The board of Vivendi SA is to meet today in order to discuss the bid. […]
Read moreAugust 28, 2014 6:36 am
Qantas Airways Ltd, Australias largest carrier, reported a record loss of A$2.84bn (~$2.7bn) for the 12 months ended 30 June 2014, alongside a forecast of profit in the six months through December. “There is no doubt today’s numbers are confronting, but they represent the year that is past,” Alan Joyce, CEO, said. “We have now […]
Read moreAugust 27, 2014 2:15 pm
The largest dairy exporter in the world – Fonterra Co-Operative Group Ltd revealed in an official statement today that it is to acquire a stake in a Chinese infant formula maker. The deal is estimated to NZ$615 million ($515 million) with a purchase price of 18 yuan ($2.93) per share, equaling about a 20% premium […]
Read moreAugust 27, 2014 1:27 pm
Ryanair Holdings, Europes largest discount airline, revealed the latest step in its drive to attract business travelers, announcing the introduction of the “Business Plus” travel plan. The new business-class tickets start from €70 and come with several perks, like unlimited flight changes, fast-track security checks and “premium seating”. A few footnotes pointed, however, that some […]
Read moreAugust 27, 2014 11:59 am
Balfour Beatty Plc, which is currently the largest building company in the U.K., increased the valuation of its public-private partnership projects by 46% to £1.05 billion ($1.7 billion). The head of the infrastructure investments unit of Balfour Beatty – Mr. Ian Rylatt said in the companys statement, which was cited by Bloomberg: “The revaluation ensures […]
Read moreAugust 27, 2014 11:53 am
Royal Dutch Shell Plc, Europe’s largest oil company, has agreed to sell several Nigerian Oil Mining Licenses (OMLs) it co-owns with Total and Eni, as civil strife and theft drive foreign companies away from Africas oldest oil industry. The deals are not yet finalized, though the price of about $5bn was put forward by the […]
Read moreAugust 27, 2014 10:04 am
Volvo Car Group is to launch its first model since being acquired by the Chinese company Geely Automobile Holdings Ltd from Ford Motor Co. in 2010. At a special event today, the company presented its second-generation XC90 sport-utility car, which will be in showrooms in April, with a limited early series of 1 927 units […]
Read moreAugust 27, 2014 9:05 am
Royal Bank of Scotland Group Plc was fined £14.47 million ($24 million) by the markets regulator in the U.K. after being charged of giving its customers poor advice on mortgages. The British markets regulator made an official statement today, saying that Royal Bank of Scotland Group Plc was accused in what it called “serious failings […]
Read moreAugust 27, 2014 7:33 am
Google Inc. is to acquire the cloud-based visual-effects software company Zync Inc., the Mountain View, California-based company said, as cloud computing competition with Amazon.com intensifies. The terms of the deal were not revealed. “Creating amazing special effects requires a skilled team of visual artists and designers, backed by a highly powerful infrastructure to render scenes,” […]
Read moreAugust 26, 2014 1:39 pm
Burger King, the second-biggest burger chain in the US, agreed to purchase Tim Hortons, Canada’s largest fast food service, for about $11.4 billion. Both companies shares soared some 20% on Monday, after on Sunday it was made clear the talks were at an advanced stage. Tim Hortons shareholders will receive C$65.50 in cash and 0.8025 […]
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