September 2, 2014 12:34 pm
After facing problems with a supplier in China, McDonalds Corp. is in the process of overhauling its food-safety strategy in the Asian country to recover from a blow to its reputation and sales. The fast food chains China division said in a statement, which was cited by Bloomberg: “McDonald’s expects all staff and suppliers to […]
Read moreSeptember 2, 2014 10:14 am
Luxottica Group SpA, the largest eyewear maker in the world, revealed that its Chief Executive Officer Andrea Guerra is leaving the company after a successful decade at the helm, during which the companys stock rose threefold. “I have respect for Guerra, but unfortunately our views of the company’s future diverged,” Leonardo Del Vecchio, founder and […]
Read moreSeptember 2, 2014 9:07 am
In July 2014, Goldman Sachs Group Inc. gave a loan estimated to $835 million to Banco Espirito Santo SA, once Portugals biggest publicly-traded bank by market capitalization, just a few weeks before the units of the group sought creditor protection. The loan was given through Oak Finance Luxembourg SA a month before the Portuguese lender […]
Read moreSeptember 2, 2014 7:40 am
Apple Inc, which is expected to reveal its new iPhones next week, is currently investigating in collaboration with the FBI reports related to leaked photos of celebrities due to vulnerabilities in its iCloud service. The nude photos and videos of celebrities, among which is the the Oscar-winner actress Jennifer Lawrence, were posted by the hackers […]
Read moreSeptember 2, 2014 6:51 am
NK Rosneft OAO, Russias state-owned and largest crude oil producer, is offering a stake in one of the companys biggest oil projects to China. The move comes as relations with the West sour over the crisis in Ukraine, and Moscow looks to new friends. Russian President Vladimir Putin revealed the proposed acquisition on Monday, as […]
Read moreSeptember 1, 2014 3:04 pm
A person with knowledge of the process reported that the Chinese e-commerce giant Alibaba Group Holding Ltd plans to launch its Initial Public Offering in the U.S. early in the week of September 8th, after concluding talks with US authorities, with tentative pricing on Sept. 18 and trading to start the following day. The Chinese […]
Read moreSeptember 1, 2014 1:05 pm
People with knowledge of the situation revealed that France-based Iliad SA is currently negotiating with private-equity firms over a partnership that will allow for an improved bid for Deutsche Telekom AGs T-Mobile U.S. Inc. division. Iliads Chief Financial Officer Mr. Thomas Reynaud said at a news conference on Monday that a few interested companies, which […]
Read moreSeptember 1, 2014 11:40 am
According to a person with knowledge of the matter, Apple Inc. intends to turn its iPhone into a mobile wallet thanks to the collaboration with major payment networks, banks and retailers. The person, who asked not to be named, because the negotiations are still not public, reported that Visa Inc., American Express Co. and MasterCard […]
Read moreSeptember 1, 2014 9:28 am
Heineken NV, which is currently the third-biggest brewer in the world, revealed in an official statement today that it reached an agreement to sell its packaging operations in Mexico to Crown Holdings Inc. The price of the deal, which is expected to be finalized by the end of the year and is pending regulatory approval, […]
Read moreSeptember 1, 2014 8:36 am
Spains third-biggest bank by market value – CaixaBank SA reached an agreement with Barclays Plc to acquire its Spanish banking operations. Barclays confirmed in an official statement the sale of its retail banking, wealth and investment management, as well as corporate banking operations located in Spain. The deal, estimated to about €800 million ($1.1 billion) […]
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