Author Archives

• Buyout giant Carlyle Group Inc close to purchasing Siemen’s mechanical drive arm Flender for $2.37 billion

  By admin1 on October 26, 2020 • ( 0 )

  

  According to a report from Bloomberg News, U.S. buyout group Carlyle Group Inc is closing in on a deal to acquire Siemens AG’s mechanical drive arm Flender for around $2.37 billion (2 billion euros). A deal could potentially be announced later this… Read More ›

• Dunkin’ Brands Group Inc in early negotiations to sell itself to Inspire Brands

  By admin1 on October 26, 2020 • ( 0 )

  

  In a statement Baskin Robbins chains owner Dunkin’ Brands Group Inc said, it has held preliminary discussions with private equity-backed restaurant company Inspire Brands. “There is no certainty that any agreement will be reached,” said Karen Raskopf, Chief Communications Officer of… Read More ›

• Blackstone acquires Simply Self Storage from Brookfield Asset Management Inc for $1.2 billion

  By admin1 on October 26, 2020 • ( 0 )

  

  Late on Sunday, a spokeswoman for Blackstone Group Inc said, the asset manager has reached an agreement to acquire Simply Self Storage from Canada’s Brookfield Asset Management Inc for around $1.2 billion. The news confirms an earlier report from the Wall… Read More ›

• Wells Fargo exploring sale of asset management business: Sources

  By admin1 on October 23, 2020 • ( 0 )

  

  In what is likely to be Wells Fargo & Co’s biggest shake up since former Bank of New York Mellon chief executive Charles Scharf joined the bank as its CEO in 2019, sources familiar with the matter at hand have… Read More ›

• British government job support schemes likely to be hit with $5 billion fraud: National Audit Office

  By admin1 on October 23, 2020 • ( 0 )

  

  In a significant development, Britain’s spending watchdog stated, “British companies may have fraudulently claimed up to $5.1 billion (3.9 billion pounds) in public money by accepting funds from a salary support scheme while ordering furloughed staff to still work during… Read More ›

• Japan and Britain sign trade deal

  By admin1 on October 23, 2020 • ( 0 )

  

  In a significant development which marks Britain’s first big post-Brexit step, Japan and Britain have formally entered into a trade agreement on Friday. Japanese Foreign Minister Toshimitsu Motegi and UK Trade Minister Liz Truss signed the agreement in Tokyo.

• Bayer’s Monsanto loses final appeal in marathon French court case

  By admin1 on October 22, 2020 • ( 0 )

  

  In a legal blow to German chemical giant Bayer’s Monsanto unit lost a final appeal in a marathon legal battle in France in which it has been held liable for the accidental inhalation of a weedkiller by a crop farmer. In… Read More ›

• Ericsson posts analysts’ beating third quarter earnings, maintains 2020 revenue targets

  By admin1 on October 21, 2020 • ( 0 )

  

  On Wednesday, in a statement Ericsson reported that its core quarterly earnings have lifted thanks to higher margins across its businesses. It said it is “more confident” in meeting its 2020 revenue targets. It third-quarter adjusted operating earnings rose to… Read More ›

• Avangrid acquires U.S. utility PNM Resources for $4.3 billion

  By admin1 on October 21, 2020 • ( 0 )

  

  On Wednesday, the U.S. unit of Iberdrola, a Spanish renewable energy group said, it has agreed to acquire U.S. utility PNM Resources for nearly $4.3 billion, In a regulatory filing Avangrid said, PNM’s board has unanimously approved the cash offer to its… Read More ›

• Berkshire Hathaway Inc pays $4.14M to settle non-compliance to U.S. sanctions against Iran

  By admin1 on October 21, 2020 • ( 0 )

  

  In a statement the U.S. Treasury Department said, Berkshire Hathaway Inc had agreed to pay a sum of $4.14 million to settle civil allegations that its Turkish subsidiary had made “egregious” violations and was non-compliant with U.S. sanctions against Iran…. Read More ›