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AT&T Deal with DirecTV Unlike Other Mergers: CEO Tells Lawmakers

June 24, 2014 - by - Leave a Comment

AT&T Inc’s T.N intended partnership with DirecTV has no comparison with other deals redefining the telecommunication industry because the firms in question provide a significantly distinct set of services, AT&T …

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Spain’s Banco to Acquire Citi’s Consumer Bank

June 23, 2014 - by - Leave a Comment

Banco Popular of Spain will buy Citigroup’s Spanish retail banking and credit card unit, in the latest of signs that foreign lenders are exiting the country’s financial services market against …

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GE Wins France’s Support for Alstom Merger

June 20, 2014 - by - Leave a Comment

France picked General Electric to form a partnership with Alstom on Friday, dismissing a joint bid by Siemens and Mitsubishi Heavy Industries. However, the France government said the agreement needed …

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American Apparel Shows the Door Founder Charney, Stock gains

June 19, 2014 - by - Leave a Comment

Retailer of clothing and accessories American Apparel Inc removed founder Dov Charney from chairmanship and initiated the process of sacking him as CEO and president after an ongoing probe into …

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Valeant to Announce an Allergan Exchange Offer

June 18, 2014 - by - Leave a Comment

Valeant Pharmaceuticals Inc announced on Tuesday it will make an exchange offer for Allergan Inc sometime this week, laid down groundwork to finally take its unsolicited overture directly to investors. …

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GM Faces a $10B Lawsuit as CEO Subject to Further Congress Grilling 

June 18, 2014 - by - Leave a Comment

A new lawsuit has been brought against General Motors, saying the US carmaker should pay up to $10 billion in compensation to millions of car and truck owners for reduced …

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Business News

Siemens and Mitsubishi Enter Pursuit of Alstom with a Joint Counteroffer 

June 17, 2014 - by - Leave a Comment

Germany’s Siemens and Japan’s Mitsubishi Heavy Industries made a joint move for Alstom on Monday in an offer that included 7 billion or $9.5 billion, challenging General Electric’s overture. Under …

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Business News

GM Staff Under Scrutiny for Fault Ignition Switch

June 15, 2014 - by - Leave a Comment

Former and current General Motors employees are being interviewed by US prosecutors as part of the criminal investigation into the carmaker’s ignition-switch glitch that has been tied to at least …

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Business News

Telenor Seeks 100% Grip on India Unit

June 14, 2014 - by - Leave a Comment

Telenor AS announced on Friday it has sought India’s government nod on its bid to acquire full ownership of its local unit in an arrangement worth about 7.8 billion rupees …

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Business News

Intel’s Appeal Against $1.4 Billion EU Punishment Fails

June 13, 2014 - by - Leave a Comment

A top European Court reaffirmed on Thursday a fine of 1.06 billion euros ($1.44 billion) the European Commission slapped five years ago on Intel, the largest manufacturer of computer chips …

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