May 19, 2014 12:20 pm
Apple Inc. and Google Inc. announced that they have reached an agreement to set aside one of the multiple differences between them and to settle the litigation over several smartphone patents in their battles referring to intellectual property. The agreement is considered to be following the trend of similar settlements between Apple and some of […]
Read moreMay 19, 2014 9:49 am
The biggest bank in Germany – Deutsche Bank AG made an official statement, revealing that about 60 million if its shares were sold to the Qatari royal family. The bank has set a goal of raising 8 billion euros (11 billion dollars) in its second-largest capital increase. The co-Chief Executive Officers – Jürgen Fitschen and […]
Read moreMay 19, 2014 8:39 am
Pfizer Inc. said it has made its final offer for AstraZeneca Plc in its attempt to speed up the talks over the eventual acquisition that is the largest one so far for a foreign takeover of a UK company. The US companys bid amounted to 69.4 billion pounds (117 billion dollars). According to the information […]
Read moreMay 19, 2014 7:44 am
AT&T Inc. and DirecTV made an official statement yesterday, revealing that the two companies are planning to merge. The cash-and-stock purchase of DirecTV is estimated at about 48.5 billion dollars and will bring AT&T more than 38 million video subscribers in the U.S. and in Latin America, turning the company in one of the main […]
Read moreMay 17, 2014 11:29 am
United Kingdoms FTSE 100 Index (UKX) recorded a weekly gain on Friday amid mixed data, that came out from the United States, showing housing starts and building permits outpaced preliminary estimates, while the gauge of consumer confidence slid from a nine-month high during the current month. FTSE 100 closed at 6,855.81 yesterday in London, rising […]
Read moreMay 17, 2014 6:15 am
Darden Restaurants Inc. lost more than 4% of its share value on Friday after the restaurant operator reported it had agreed to sell its struggling Red Lobster seafood-restaurant chain to private-equity firm Golden Gate Capital in a $2.1-billion cash deal. The companys Chief Executive Officer Clarence Otis has faced criticism regarding his sale plans from […]
Read moreMay 16, 2014 1:32 pm
Cemex SAB made an official statement yesterday, announcing that its Chief Financial Officer Mr. Fernando Gonzalez will take the position of Chief Executive Officer, while Mr. Rogelio Zambrano will become chairman. The announcement takes place three days after the death of the companys former CEO Lorenzo Zambrano. Mr. Rogelio Zambrano, who gas been part of […]
Read moreMay 16, 2014 12:00 pm
The biggest private-equity firm in the world – Blackstone Group LP has reached an agreement with Deutsche Bank AG over the acquisition of the Cosmopolitan Resort. The all-cash deal is estimated to 1.73 billion dollars. Recently the resort has been having financial difficulties, which costed Deutsche Bank about 4 billion dollars – first paid as […]
Read moreMay 16, 2014 11:22 am
The cable carrier Numericable Group, which is owned by Mr. Patrick Drahis Altice SA, made an official statement today revealing that it is in exclusive negotiations with Virgin Group Ltd and Carphone Warehouse Group Plc. The company is in talks over the acquisition of Virgin Mobile unit, which is controlled by holding company Omer Telecom […]
Read moreMay 16, 2014 9:36 am
Orange SA and Bouygues SA made separate statements, revealing that they are considering a merger. The French Economy Minister Mr. Arnaud Montebourg called once again for consolidation of the French mobile-phone operators. The companies have had informal talks concerning potential partnership, including an eventual merger. An eventual deal between Orange and Bouygues, who are currently […]
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