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Apple, Starbucks, Fiat, Tax Relief Under EU Scrutiny 

June 12, 2014 - by - Leave a Comment

The European Commission announced it was probing tax break deals that Ireland, Netherlands and Luxembourg have struck with Apple, Starbucks and Fiat. The EU said it was investigating whether the …

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Tyson’s Pursuit of Hillshire Succeeds

June 10, 2014 - by - Leave a Comment

Tyson Foods Inc has finally won the takeover bid for Hillshire Brands Co with its all-cash overture that values sausage producer at $8.55 billion. The deal becomes the largest so …

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Allergen Dismisses Ackman’s Sweetened Valeant Overture  

June 10, 2014 - by - Leave a Comment

The takeover wars for Botox maker Allergan Inc went a notch higher on Tuesday as the company officially turned down a raised $53 billion bid from Valeant Pharmaceuticals International, which …

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Alitalia Boss Sees 2,200 Jobs Loss As Etihad Merger Materializes

June 8, 2014 - by - Leave a Comment

The Alitalia Chief Executive expects about 2,200 jobs to be cut under a planned merger with Gulf airline Etihad Airways, according to reports carried by La Repubblica newspaper on Sunday. …

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Time of Concessions Is Over: UAW’s Williams

June 6, 2014 - by - Leave a Comment

The new president of United Auto Workers Dennis Williams cautioned US carmakers who will deal with the union in 2015 that he backed financial well-being of the firms, but that …

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Business News

Penner Named as New Wal-Mart Vice Chairman

June 6, 2014 - by - Leave a Comment

Greg Penner has been named new Wal-Mart vice chairman, putting him on course to succeed Chairman Rob Walton. On top of the new role, Penner, 44, will act as chairman …

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Business News

Allergan Board Targeted as Valeant Prepares a Hostile Takeover Bid

June 3, 2014 - by - Leave a Comment

Valeant Pharmaceuticals Inc on Monday readied to bolster its $53.8 billion acquisition bid for Allergan Inc by directly engaging owners of the Botox drug-maker in a turn of events that …

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Business News

Air New Zealand to Expand Fleet with Airbus Jet Addition

June 2, 2014 - by - Leave a Comment

Air New Zealand has placed an order for 14 planes from Airbus, a European aircraft manufacturer. At an industry gathering in Doha, the carrier’s chief executive Christopher Luxon announced that …

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Business News

DOJ Investigating 15 Banks for Fraud

May 30, 2014 - by - Leave a Comment

The US Department of Justice has commenced criminal and civil investigations into at least 15 banks and payment providers as a component of a broad consumer fraud probe, information disclosed …

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Business News

Men’s Wearhouse and Jos. A. Bank Merger Wins FTC Approval

May 30, 2014 - by - Leave a Comment

Men’s Wearhouse can go ahead and merge with Jos. A. Bank Clothiers Inc, US antitrust officials said on Friday, citing fair rivalry in the market for men’s clothing. The Federal …

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