June 11, 2014 7:36 am
Google Inc. announced on its website that it is to purchase the satellite company Skybox Imaging Inc. in an all-cash deal that is estimated at 500 million dollars. According to the information published on the company’s website, the takeover is still subject to adjustments and is part of Google’s strategy to improve and expand Internet […]
Read moreJune 10, 2014 2:07 pm
The biggest life insurer by assets in the U.S. – MetLife Inc. made an official statement today, announcing its first stock buybacks since 2008. The step is considered part of the efforts of companys Chief Executive Officer Mr. Steven Kandarian to reward investors. According to MetLife Inc.s statement, about 1 billion of common stock will […]
Read moreJune 10, 2014 12:40 pm
Wal-Mart Stores Inc. revealed in a memo that it appointed Mr. Fernando Madeira, who is the head of its division in Latin America, for a Chief Executive Officer of its e-commerce unit Walmart.com. The e-commerce division is one of the major tools that the company uses in its battle against Amazon.com Inc. The Chief Executive […]
Read moreJune 10, 2014 11:24 am
Facebook Inc. made an official statement, revealing that it hired the President of EBays PayPal unit – Mr. David Marcus to head its mobile messaging division. This move of the social network is due to the companys attempt to become more competitive and expand its reach in what is said to be a fast-growing business. […]
Read moreJune 10, 2014 8:36 am
A person with knowledge of the matter reported that Time Warner Inc. is in talks over the acquisition of a stake in Vice Media Inc. The person, who asked not to be named because the talks are still not public, explained that at the discussions, Vice Media has been valued in a range from 2 […]
Read moreJune 10, 2014 8:20 am
The largest grocery retailer in the U.K. – Tesco Plc is to put the retail banking industry in turmoil when it becomes the first supermarket chain that enters competition with high street banks. The company is betting on its reach on a large number of customers and aims to turn them into bank customers by […]
Read moreJune 10, 2014 7:10 am
The second-largest drug manufacturer in the U.S. – Merck & Co. made an official statement, revealing that it reached an agreement for the acquisition of Idenix Pharmaceuticals Inc. in a deal that is estimated to 3.85 billion dollars. The purchase will help the company to broaden its experimental pipeline for hepatitis C treatments. One of […]
Read moreJune 9, 2014 2:17 pm
Analog Devices Inc., which is a manufacturer of semiconductors used in smartphones, televisions and cars made an official statement today, saying that it agreed to acquire Hittite Microwave Corp. According to the companys statement, the purchase is estimated at 2 billion dollars its goal is to expand the portfolio with the products offered by Hittite. […]
Read moreJune 9, 2014 1:27 pm
Chesapeake Energy Corp. made an official statement on Monday, revealing that the spin-off of its oilfield-services operations has been approved by the companys board. The spin-off will be done through a distribution to the shareholders of the company after the unit closes on June 30th. After the process is finalized, the oilfield-services operations of Chesapeake […]
Read moreJune 9, 2014 12:02 pm
The biggest publicly traded hedge-fund company in the world – Man Group Plc made a statement today, announcing that it agreed to purchase the investment firm Pine Grove Asset Management LLC. The goal of the acquisition is to add more customers and assets in the U.S., which is expected to help Man Group consolidate the […]
Read more