April 7, 2014 11:17 am
The biggest drug maker by market value in India – Sun Pharmaceutical Industries Ltd announced that it reached an agreement over the purchase of Ranbaxy Laboratories Ltd in a deal estimated to 3.2 billion dollars in stock. This is considered to be the largest acquisition made by an Indian company in a period of two […]
Read moreApril 7, 2014 8:20 am
Vivendi SA announced its decision to sell its SFR telecom division to Altice SA in a deal estimated to more than 17 billion euros (23 billion dollars). The price of the deal amounts to 13.5 billion euros in cash and a 20% stake in the new entity that is to be formed after the merger […]
Read moreApril 4, 2014 2:28 pm
The Japanese unit of Novartis AG made an official statement, revealing that Mr. Dirk Kosche was named by the company as chief of Novartis business located in Japan. Mr. Kosche is to become a successor of Yoshiyasu Ninomiya. The announcement comes at a moment when it became clear that the Japanese division of the company […]
Read moreApril 4, 2014 12:30 pm
Bouygues SA seems to be truly determined to win the battle for Vivendi SAs telecom unit SFR, because it once again increased its bid, which is now estimated to 15 billion euros (20.6 billion dollars). The company also made a statement, saying that after an eventual merger, a 10% stake would be received by Vivendi. […]
Read moreApril 4, 2014 9:21 am
Hennes & Mauritz AB (H&M), which is the second-largest clothing retailer in Europe, announced that it is going to make its first step on the Australian market. The opening of the companys first store in Australia is scheduled for Saturday and will make H&M the latest foreign retailer who expands its reach in the region. […]
Read moreApril 4, 2014 8:35 am
Citigroup Inc. revealed that it has asked Eugene McQuade to call off his retirement, oversee the submissions of the company and help it improve its relationship with regulators over the next years. Mr. Michael Corbat, who is the Chief Executive Officer of the company, said in a memo to employees, which was cited by Bloomberg: […]
Read moreApril 4, 2014 7:15 am
The Nest Labs unit, which was acquired by the company earlier this year in a 3.2-billion-dollar deal and currently manufactures Internet-connected thermostat and smoke-detector smart-home devices, announced that it has stopped the smoke alarm devices sales due to a safety issue. The defect found can cause the devices owners to unintentionally switch them off. One […]
Read moreApril 3, 2014 12:58 pm
Prada SpA posted its largest shares decline in nine months after it projected slower sales growth in 2014 due to decreasing demand in Europe and China. The 2013 net income of the company was flat, in comparison to the 45% increase that was reported in 2012. In 2013 Prada posted a profit that failed to […]
Read moreApril 3, 2014 11:44 am
According to an official statement, which was posted on the website of the China General Administration of Quality Supervision, Inspection and Quarantine, Bayerische Motoren Werke AG (BMW) will withdraw a total of 232 098 vehicles in China because of a defective engine-control component. Currently, China is considered as the largest market of the car maker. […]
Read moreApril 3, 2014 9:32 am
Vodafone Group Plc made an official statement, revealing that its division located in the U.K., which has roughly 19 million customers, plans to invest about 1 billion pounds (1.66 billion dollars) in networks and services in 2014. The company said that it plans to add 150 new stores to its chain and create 1 400 […]
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