News

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Thu, 29 Nov 2018 20:03:25 GMT

WSJ: Trump administration to meet with top tech executives

On Thursday, the Wall Street Journal reported that the White House would hold a roundtable meeting on innovation with top tech executives next week.

Thu, 29 Nov 2018 19:19:49 GMT

Polman to retire as Unilever's CEO

On Thursday, Unilever's CEO Paul Polman would retire in December from his position after a failed attempt to move the company's headquarters.

Thu, 29 Nov 2018 19:19:25 GMT

Former Trump attorney to plead guilty to misleading Congress

On Thursday, Michael Cohen, the US President Donald Trump former lawyer, pleaded guilty to making false statements to the US Congress about the Russia investigation.

Thu, 29 Nov 2018 18:31:05 GMT

Trump to meet with Xi at G20 summit

The US President Donald Trump would have a bilateral meeting with the Chinese President Xi Jinping at the G20 summit on Saturday, as both leaders plan to discuss trade.

Thu, 29 Nov 2018 18:25:03 GMT

Trump cancels meeting with Putin over Ukraine crisis

On Thursday, the US President Donald Trump cancelled his meeting with the Russian President Vladimir Putin scheduled for this week's at the G20 summit in Argentina, due to the present Ukraine crisis.

Thu, 29 Nov 2018 17:31:14 GMT

BC Partners prepares for sale of financial media unit Acuris

BC Partners, the EU buyout fund, is getting ready for a sale of its financial data and news unit Acuris, in a deal potentially worth over £1.0B, according to Reuters.

Thu, 29 Nov 2018 17:27:26 GMT

Icelandair drops deal to acquire rival WOW air

On Thursday, Icelandair stated it had scrapped the all-share deal to acquire the privately-held WOW air, which sought to create an international and stronger competitor, bringing the company's shares down 10%.

Thu, 29 Nov 2018 16:38:43 GMT

GSK considers merger of its consumer healthcare arm

On Thursday, GlaxoSmithKline confirmed it was looking at a merger for its consumer healthcare unit on the back of its India Horlicks nutrition arm reviews, as well as the other healthcare nutrition products for consumers.

Thu, 29 Nov 2018 16:34:06 GMT

PE Lone Star explores coffee machine group potential sale

Lone Star, the private equity fund, has selected Deutsche Bank to advise on a possible sale of its coffee and vending machine group Evoca, the firm's CEO Andrea Zocchi stated to Reuters.

Thu, 29 Nov 2018 15:39:44 GMT

Nutrien set to auction 23.77% share in Chile's SQM

Canada's dertilizer titan Nutrien is set to auction its 23.77% stake in the Chilean lithium miner SQM on December 3, in its final step towards finalising the coveted stake sale in China's Tianqi.

Thu, 29 Nov 2018 15:35:44 GMT

China approves Whitbread's sale of Costa Coffee

On Thursday, China's authorities granted its approval to the British firm Whitbread to sell its Costa Coffee cafe chain to Coca-Cola.

Thu, 29 Nov 2018 14:36:34 GMT

Malaysia's Khazanah sells IHH stake for $2.0B

Khazanah Nasional, Malaysia's sovereign wealth fund, is planning a 16% stake sale in IHH Healthcare to the Japanese company in an all-cash deal worth around $2.0B.

Thu, 29 Nov 2018 14:30:04 GMT

Bingo shares drop on concerns about Dial A Dump deal

On Thursday, the shares of Australia's recycling and waste management firm Bingo Industries dropped as much as 13%, after the country's competition watchdog had raised concerns over its $422M takeover of Dial A Dump.

Thu, 29 Nov 2018 13:38:54 GMT

Carrefour ties up with Jumia over Kenya's online shopping

Cerrefour has clinched a deal with the online retailer Jumia to provide online shopping in Kenya, starting from January 2019.

Thu, 29 Nov 2018 13:17:05 GMT

EssilorLuxottica to look for new CEO starting next year

EssilorLuxottica stated on Thursday its search for the firm's new CEO was set to start from the next year, as it was planned, dismissing rumours about the power struggle.

Thu, 29 Nov 2018 12:38:01 GMT

Intu shares fall to record-low as Whittaker drops bid

Intu Properties shares fell to its record low on Thursday after the Whittaker consortium had dropped a £2.9B takeover deal with the shopping centre owner for the second time during the year.

Thu, 29 Nov 2018 11:14:13 GMT

OSCE announces issues in Georgian election

The OSCE on Thursday announced that one of the Georgia's presidential election candidates had an undue advantage. The announcement was made after the ruling party candidate Salem Zurabishvili won in the run-off on Wednesday.

Thu, 29 Nov 2018 11:12:55 GMT

Italian League wants to control broadband network

On Thursday, the Italian ruling League part members announced that they are working on a single government controlled broadband network. With the move the party would bring information under state control.

Thu, 29 Nov 2018 10:34:38 GMT

Apollo ties up with Northwest Broadcasting over Tribune Media bid

Apollo Global Management, the buyout company, has tied up with Northwest Broadcasting, the regional television station owner, in the firm's bid to take over Tribune Media, another TV station owner in the United States.

Thu, 29 Nov 2018 10:29:33 GMT

Altria considers taking Juul's minority stake

Tobacco firm Altria Group has launched talks to acquire a minority stake of 20%-40% in the e-cigarette producer Juul Labs, according to sources familiar with the deal.

Thu, 29 Nov 2018 09:38:31 GMT

Cyrus Capital, Lampert's hedge fund tie up for potential Sears bid

Cyrus Capital Partners and Eddie Lampert's hedge fund have tied up to make a possible takeover bid for Sears Holdings, seeking to keep the bankrupt company running, according to Bloomberg.

Thu, 29 Nov 2018 09:32:24 GMT

WhiteWater Midstream explores $2.0B sale

WhiteWater Midstream is thinking over a potential sale, seeking to value the US gas and oil pipeline company at over $2.0B, including debt.

Thu, 29 Nov 2018 05:51:38 GMT

Apple's best-selling model iPhone XR

Apple's executive stated that the company's iPhone XR was its best-selling iPhone model since the mobile device was placed on the market in October.

Thu, 29 Nov 2018 05:51:32 GMT

Dell.com resets customer passwords following cyber attack

Dell stated that passwords for customers' accounts on Dell.com online store were reset on November 14 after the cyber attack attempting to steal data was discovered and stopped.

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