Monday, April 23, 2018

Airberlin bankruptcy sends Etihad partner bond yields soaring

Investors are dumping debt sold by EA Partners, a special purpose vehicle that holds the equity stakes of Etihad Airways PJSC and its partner airlines, after airberlin Plc filed for insolvency in the latest...

US Retailer Abercrombie & Fitch Withdraws From Sales Talks

US teen fashion company Abercrombie & Fitch said it is no longer looking for a buyer, as talks with suitors have proved unfruitful. The embattled fashion retailer has seen its sales dwindle consecutively for...

Mars to takeover VCA for $7.7 billion

Chocolate king Mars Inc. has made a $7.7 billion offer for veterinary care company VCA Inc. Mars is banking on the growth of the animal care industry, given the recent lull in the packaged...

Drug and Biotech Stocks Rise on Trump Win

Investors in the healthcare industry were thrilled by the victory of Donald Trump, causing shares in drug makers to rise. Pharmaceutical giants and large biotech firms saw their shares surge sharply on Wednesday, with...

Samsung’s Note 7 crisis is wiping out billions in profit

"Because consumers' safety remains our top priority, Samsung will ask all carrier and retail partners globally to stop sales and exchanges of the Galaxy Note7 while the investigation is taking place". Samsung Galaxy Note 7...

Falcon Private Bank Refutes Acquisition Rumours

Falcon Private Bank of Switzerland declared that it was not for sale, contrary to a story published earlier in the day. The report went on to say that its new Chief Executive, Walter Berchtold,...

Google Acquires Cloud Commerce Startup Orbitera

Not even Google can deny that multi-cloud is the future. To that end, Alphabet has acquired cloud commerce startup Orbitera, a platform that makes it easy for businesses to buy and sell software from...

Comcast closes $3.8B DreamWorks Animation acquisition

Four months after Comcast announced its intention to acquire animation studio DreamWorks Animation, NBCUniversal, a division of cable company Comcast, has announced the closure of the $3.8 billion deal. DreamWorks Animation, which produced such films as "Shrek,"...

Samsung Acquires Sizeable Stake In China’s Largest Electric Vehicle Company

The Samsung Group announced earlier this year that it has formed a new team to grow its automotive-related business. Samsung is also said to be interested in electric and smart cars, it has even...

Microsoft to buy LinkedIn for $26.2 billion

Professional networking site LinkedIn, will be acquired by Microsoft at $196 per share cash, valuing the company at $26.2 billion. This announcement came as a surprise to the industry, but falls in line with Microsoft’s...

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