June 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 moreMay 30, 2014 1:45 pm
The Chief Executive Officer of Siemens AG – Mr. Joe Kaeser announced at a webcast conference that the company, which is currently the biggest engineering enterprise on the territory of Europe, will cut at least 11 600 jobs. The step is needed, because the company attempts to reduce its expenses by about 1 billion euros […]
Read moreMay 30, 2014 12:47 pm
Reliance Industries Ltd., which is owned by Mr. Mukesh Ambani, said in an exchange filing that it has reached an agreement to purchase the Indian partner of Viacom Inc. The deal, which is estimated to 40 billion rupees (678 million dollars) is expected to provide Reliance Industries with a huge library of both news and […]
Read moreMay 30, 2014 11:38 am
Google Inc. launched a special service and formed an Internet committee of experts in order to provide its European customers with the opportunity to make requests for removing certain materials. This is the first step the company makes in order to comply with the court ruling related to the “right to be forgotten”. One of […]
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