September 4, 2014 9:03 am
Standard Life Plc revealed in an official statement that it has reached an agreement with the biggest life insurer in Canada – Manulife Financial Corp. to sell its Canadian unit in a deal estimated to about C$4 billion ($3.7 billion). The company is making this step to fund a bumper cash payout to investors, which […]
Read moreSeptember 4, 2014 7:49 am
According to two people with knowledge of the matter, Tesla Motors Inc. is to proceed with building its first battery “Gigafactory” in Nevada. One of the spokesmen of Tesla Mr. Simon Sproule said in an interview that there will be company representatives at the announcement by Nevada Governor Brian Sandoval at 4 p.m. local time […]
Read moreSeptember 4, 2014 6:41 am
Daimler AG, the third-biggest luxury cars manufacturer in the world, acquired the mytaxi and RideScout applications as it seeks to expand its reach into transport services. The company bought 100% of Intelligent Apps GmbH, owner of mytaxi, after it purchased an initial stake in 2012, and RideScout LLC. The price of the acquisitions was not […]
Read moreSeptember 3, 2014 2:40 pm
Chrysler Group LLC, owned by Fiat SpA, revealed in a statement that its U.S. sales rose by 20% in August, surpassing analysts initial forecasts, mainly bolstered by a surge in Jeep deliveries. The head of the companys U.S. sales division Mr Reid Bigland said in a statement that was cited by Bloomberg: “Our Jeep brand […]
Read moreSeptember 3, 2014 1:22 pm
United Internet AG, the leading internet provider in Germany, reached an agreement with US private-equity firm KKR & Co. to acquire its 74.9% stake in Versatel for €586 million (~$771 million), assuming complete ownership of Germanys second-top fiber-optic network operator. The purchase is “a steal” for United Internet, Usman Ghazi, analyst at Berenberg, wrote in […]
Read moreSeptember 3, 2014 11:54 am
Hermes International SCA finally reached an agreement with LVMH Moet Hennessy Louis Vuitton SA. The companies revealed that they settled their four-year dispute that began when LVMH started the accumulation of a large stake in its smaller competitor. As the Wall Street Journal reported, the two companies explained: By virtue of the agreement reached today, […]
Read moreSeptember 3, 2014 9:46 am
Only a week before the official presentation of its new iPhone, Apple Inc. is waging a battle to salvage its reputation, after celebrities nude photos were illegally acquired from its iCloud storage service and leaked on the web. The company denied that its online systems had been breached, but confirmed that some of its iPhone […]
Read moreSeptember 3, 2014 8:44 am
The biggest subscription streaming service in the world – Netflix Inc. will add a privacy feature that will provide its subscribers with the opportunity to control which shows they share with friends on Facebook. The worlds largest social network said in a blog post that Netflix will allow its customers to recommend programs and shows […]
Read moreSeptember 3, 2014 7:34 am
Home Depot Inc, the biggest home-improvement chain in the US, is working in collaboration with banks and law enforcement agencies to investigate a potential breach of customer credit- or debit-card data. Ms. Paula Drake, who is a spokeswoman of the company said in a statement that was cited by the Wall Street Journal: “Protecting our […]
Read moreSeptember 2, 2014 2:50 pm
Select Income REIT reached an agreement over the acquisition of Cole Corporate Income Trust Inc. The cash-and-stock deal is estimated to about $3 billion including the assumption of $298 of mortgage debt. The step will help the company to expand its portfolio in the US by creating an office and industrial net lease REIT. The […]
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