May 28, 2014 2:19 pm
Valeant Pharmaceuticals International Inc. made an official statement today, saying that it increased its unsolicited acquisition bid for the Botox manufacturer Allergan Inc. The company added cash to the offer, raising it to about 49.4 billion dollars. The initial bid made by Valeant on April 22nd was estimated to about 152.89 dollars a share and […]
Read moreMay 28, 2014 12:49 pm
BP Plc must pay hundreds of millions of dollars as it may be forced to start over contentious compensation payments for the Deepwater Horizon disaster in 2010. The company was seeking a review of its 9.2 billion-dollar payments from the Supreme Court of the U.S., as its request to keep a temporary pause on some […]
Read moreMay 28, 2014 12:06 pm
The largest food company in the world – Nestle SA revealed that it plans to expand its skin-care division in North America. The company intends to buy the commercial rights to sell some of the products of Valeant Pharmaceuticals Inc. in a deal that is estimated to 1.4 billion dollars in cash. This is considered […]
Read moreMay 28, 2014 9:36 am
The Chief Financial Officer of the third-biggest bank in the U.S. – Citigroup Inc. – Mr. John Gerspach made an official statement, warning that the companys second-quarter trading revenue could decrease by 20 to 25% in comparison to the result posted a year ago. The forecast slump in trading revenue made by Mr. Gerspach compares […]
Read moreMay 28, 2014 8:24 am
Amazon.com Inc. made an online post sharing its position for the dispute with publisher Hachette Book Group, saying that it is “not optimistic” that the disagreements will be resolved any time soon. The company said for itself that it is acting “on behalf of customers”. Amazon.com said in its post, which was cited by The […]
Read moreMay 28, 2014 7:46 am
The co-founder of Google Inc. – Mr. Sergey Brin revealed that the company has designed its own self-driving vehicles. The company developed a two-seated prototype that transports passengers at the push of a button. Mr. Brin said in an official statement, which was cited by Bloomberg: “We took a look from the ground up as […]
Read moreMay 27, 2014 12:57 pm
IntercontinentalExchange Group Inc. officially announced that it is planning an initial public offering for Euronext NV in Paris, Amsterdam and Brussels. The initial public offering is to take place during the second financial quarter after the Group finalizes a sale of about 33% stake to a financial group that includes BNP Paribas SA, Societe Generale […]
Read moreMay 27, 2014 11:48 am
The largest mortgage lender in the U.K. – Lloyds Banking Group Plc – announced that it has decided to sell a 25% stake in its TSB consumer bank in an initial public offering that is to take place in June this year. The Chief Executive Officer of Lloyds Banking Group Plc – Mr. Antonio Horta-Osorio […]
Read moreMay 27, 2014 9:34 am
The French company Accor SA, which manages hotel chains and provides a variety of services related to human resources, marketing and expense management, has reached an agreement over the acquisition of almost 100 hotels on the territory of Europe in a deal estimated to about 900 million euros (1.23 billion dollars). Accor SAs said that […]
Read moreMay 27, 2014 8:49 am
According to two people with knowledge of the process, Intuit Inc. has reached an agreement over the acquisition of the bill-payment service Check Inc. The deal is estimated to 360 million dollars. One of the people close to Intuit said that the contract was sealed on Friday, but the two companies have decided to officially […]
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