July 15, 2014 8:07 am
Airbus Group NV officially revealed that it is upgrading its 20-year old A330 jet at the Farnborough Airshow yesterday. The company is to equp the jet model with new engines in order to meet the competition of its major rival Boeing Co. and its newer 787 Dreamliner. The Chief Executive Officer of Airbus Group NV […]
Read moreJuly 15, 2014 7:39 am
Mylan Inc. announced in a statement that it is to acquire the generic-drug Abbott Laboratories in a “spinversion” all-stock deal estimated at $5.3 billion, which will allow both companies to be domiciled outside the US, lowering tax rates. According to the terms of the purchase that were disclosed, 21% of the new company will be […]
Read moreJuly 14, 2014 2:13 pm
The third-largest bank in the U.S. – Citigroup Inc. made a statement today, posting its profit for the second financial quarter that surpassed the analysts projections, after excluding the 3.7 billion dollars in expenses associated with a mortgage-bond settlement. The Chief Executive Officer of the bank – Mr. Michael Corbat said in Citigroup Inc.s statement […]
Read moreJuly 14, 2014 12:54 pm
The biggest maker of premium chocolate in the world – Chocoladefabriken Lindt & Spruengli AG revealed in a statement today that it agreed to purchase Russell Stover Candies Inc. in a deal that would help the company become the third-largest chocolate maker in North America. Following the announcement, the shares of the Swiss company rose […]
Read moreJuly 14, 2014 12:03 pm
Shire Plc said in a Monday statement that it would allow a takeover by AbbVie Inc., for an updated and improved bid of 31.4 billion pounds ($53.7 billion), after three failed earlier attempts. The US company has moved towards acquiring the UK-based Shire, in a bid to relocate its HQ to the UK, where tax […]
Read moreJuly 14, 2014 9:03 am
The Chief Executive Officer of the commercial airplane division of Boeing Co., Mr Ray Conner, revealed just ahead of the Farnborough Air Show that the company is working on a modification of its 737 model, which is to have a higher capacity. The narrow-body model targets primarily discount airlines, boarding as many passengers as comfort […]
Read moreJuly 14, 2014 7:53 am
AECOM Technology Corp. made an official statement yesterday, revealing that it reached an agreement over the acquisition of URS Corp. in a $4-billion deal. The companys move is driven by its desire to expand reach gain new services in markets including gas and oil. The President and Chief Executive Officer of AECOM Technology Corp. – […]
Read moreJuly 13, 2014 8:22 am
Shares in the UK posted gains on Friday, trimming their weekly loss, as Imperial Tobacco Group rose 3%, following its announcement that it plans the acquisition of some assets and brands, owned by companies in the United States. The FTSE 100 Index gained 17.80 points, or 0.27%, to close at 6,690.17 in London on Friday. […]
Read moreJuly 11, 2014 12:52 pm
Imperial Tobacco Group Plc, which is the fourth-biggest cigarette producer in the world, made a statement that it is currently having talks with Reynolds American Inc. and Lorillard Inc. over the acquisition of brands that are property of the two U.S. tobacco companies in the event of a merger between them. As reported by the […]
Read moreJuly 11, 2014 11:39 am
The second-biggest software services company in India – Infosys Ltd made an official statement today, posting its profit for the first fiscal quarter of the year that surpassed the median analysts forecast due to a larger number of orders the company received. The newly-appointed Chief Operating Officer of Infosys Ltd – Mr. U.B. Pravin Rao […]
Read more
