News

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Mon, 10 Sep 2018 14:51:56 GMT

CBS to pay ex-CEO up to $120M depending on probe outcome

CBS stated it would pay up to $120M to former CEO Leslie Moonves in case an internal probe into harassment allegations fails to show grounds for the dismissal.

Mon, 10 Sep 2018 13:52:25 GMT

Eros ties up with streaming service iQiyi to enter China

Eros International PLC, the film production house, stated on Monday, it had partnered with the Chinese streaming service iQiyi, as it sought to show its Indian films in the country.

Mon, 10 Sep 2018 13:51:26 GMT

Snap's CSO Khan to step down

On Monday, Snap has announced that Imran Khan, its Chief Strategy Officer, was set to step down from his post, being the latest senior-executive to leave the company.

Mon, 10 Sep 2018 13:37:05 GMT

ArcelorMittal sweetens bid for Essar Steel

ArcelorMittal, has sweetened its bid for the Indian debt-laden Essar Steel to rival Vedanta Resources and Russia's VTB, the steel giant reported, not disclosing the financial terms of the deal.

Mon, 10 Sep 2018 13:32:55 GMT

Lightyear acquires US blockchain start-up Chain

Lightyear Corp. has acquired the San Francisco-based tech firm Chain, which is focused on Stellar blockchain, the start-up's CEO Adam Ludwin stated on Monday.

Mon, 10 Sep 2018 12:34:55 GMT

Saudi's wealth fund selects Goldman as adviser on SABIC sale

The Saudi Arabian sovereign wealth fund picked Goldman Sachs to advise on its stake sale in the petrochemicals company SABIC to Saudi Aramco.

Mon, 10 Sep 2018 12:21:22 GMT

SAIC agrees to acquire Engility in $1.5B deal

Science Applications International Corp agreed to buy Engility Holdings for $1.5B, in a deal that should make it the second-biggest US government services contractor.

Mon, 10 Sep 2018 11:39:40 GMT

Verizon's head of advertising and media Armstrong resigns

Verizon Communications' advertising and media business director Tim Armstrong is considering to leave the US wireless carrier, according to the Wall Street Journal.

Mon, 10 Sep 2018 11:36:55 GMT

Careem launches ride-hailing services in Sudan

Middle East's Uber-rival Careem announced on Sunday it was expanding into Sudan by launching its ride-hailing services and becoming one of several international firms to enter the state after the US sanctions imposed last year.

Mon, 10 Sep 2018 10:07:14 GMT

UK's GDP experiences largest growth in a year

On Monday, the monthly GDP data for the United Kingdom was released, which revealed that the country has experienced fastest growth in almost a year.

Mon, 10 Sep 2018 10:05:46 GMT

Financial Markets focus on Alibaba's CEO

On Monday, as the chairman of Alibaba announced his retirement, financial market participants began to discuss the CEO of the company, who will run the company in the future.

Mon, 10 Sep 2018 09:38:45 GMT

Generali plans acquiring more asset managers

Assicurazioni Generali are planning to acquire more asset managers, following the exclusive talks to purchase the controlling stake in France's Sycomore.

Mon, 10 Sep 2018 09:34:54 GMT

Enel in talks to single buyer for Russia's power plant

Enel, the Italian largest utility, is in talks to a single acquirer for its Russian power factory Reftinskaya, seeking to clinch the deal by this year's end, its CEO stated.

Mon, 10 Sep 2018 08:36:48 GMT

Poland's Pekao plans small acquisitions in digital banking

The Polish Pekao Bank is eyeing to acquire a local independent asset manager and a small foreign digital bank, the country's second largest lender announced on Saturday.

Mon, 10 Sep 2018 08:33:34 GMT

Leonardo to acquire Vitrociset, drops Fincantieri's bid

Leonardo, the Italian defence group, is set to acquire a 98.5% stake of Vitrociset's security and defence services, thwarting the shipbuilder Fincantieri's bid.

Mon, 10 Sep 2018 07:25:14 GMT

Clariant stake buy approval paves way for strategic update

On Monday, the Swiss specialty chemical producer Clariant stated that the approval for SABIC to take its 24.99% stake would pave the way for both firms to intensify their cooperation.

Mon, 10 Sep 2018 07:24:33 GMT

Spain's Repsol to purchase Venture Global's LNG

Venture Global has clinched a 20-year deal to supply the Spanish energy firm Repsol with the 1M tonnes of its US liquefied natural gas, the company stated on Friday.

Mon, 10 Sep 2018 06:38:40 GMT

RPC launches early talks with Bain Capital, Apollo Global for buyout bid

RPC Group has launched preliminary talks with Bain Capital and Apollo Global Management over a buyout offer for the firm, it stated on Monday.

Mon, 10 Sep 2018 06:33:57 GMT

Aston Martin appoints new board ahead of IPO

On Monday, the luxury automaker Aston Martin has named new board, including a non-executive chairwoman, confirming the company's intention to launch the initial public offering.

Mon, 10 Sep 2018 05:19:01 GMT

Viacom shares likely to rise on reviving strategy

Viacom shares could rise up to 20% within the coming year on the firm's strategy to revive itself for digital age taking root.

Mon, 10 Sep 2018 04:40:03 GMT

Kraft Heinz still considers M&A deal

The CEO of Kraft Heinz stated on Friday the company was still considering an acquisition to the fuel growth, despite seeing rising costs and trade conflicts.

Mon, 10 Sep 2018 04:37:45 GMT

Alstom, Siemens rail merger to be decided until January 28

The EU Commission has set January 28 as a deadline to decide on the scheduled rail merger of Alstom and Siemens.

Mon, 10 Sep 2018 02:54:45 GMT

Japan GDP grows strongly in Q2

The Japanese economy grew at the fastest pace since 2016 in the April-June period, owing to capital spending increasing quickly than estimated before.

Mon, 10 Sep 2018 02:54:29 GMT

Investa to decide on Blackstone bid on Sept 17

Investa Office Fund stated it has set September 17 as the date for the company's shareholders to vote on Blackstone's $2.4B bid.

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