In January, China’s Ant Financial Services Group had bid $13.25, in a cash deal for Euronet Worldwide, whereas MoneyGram has offered $15.20 for Euronet. Ant Financial Services has now four days to revise its offer. Sources familiar with the matter… Read More ›
Creativity
Boeing signs $3.4 billion contract with U.S. government for Apache attack helicopters
The contract is for the supply of AH-64E Apache attack helicopters.
Demand for BAT’s smokeless tobacco ‘glo’ exceeds supply
Earlier this month, BAT had to more than double the supply of its tobacco device to quench local demand and still that wasn’t enough. British American Tobacco (BAT) has stated that the demand for its “glo” tobacco heating device has… Read More ›
Peabody’s bankruptcy plan will largely benefit select few
Oddly Peabody’s bankruptcy comes at a time when the Donald Trump Administration is giving the fossil fuel industry the go ahead. The world’s largest private sector coal producer, Peabody Energy Corp, has disclosed that it expects to file bankruptcy under… Read More ›
Private companies need to be more prepared to counter hacking attacks: PwC report
Although CEOs in the private sector have more confidence in addressing threats from the internet, they are however ill-prepared to do so, states a report from PwC. A report prepared by Pricewaterhouse Coopers states that although the CEOs of… Read More ›
Halt to second travel ban only temporary
Major tech companies have skipped putting their names on the brief that is posing as a challenge to Donald Trump’s travel ban. Facebook, Apple and Alphabet Inc’s Google along with 60 other technology companies appeared to have backed away from… Read More ›
Private companies need to be more prepared to counter hacking attacks: PwC report
Although CEOs in the private sector have more confidence in addressing threats from the internet, they are however ill-prepared to do so, states a report from PwC. A report prepared by Pricewaterhouse Coopers states that although the CEOs of some… Read More ›
Activist hedge fund Starboard exits Macy’s board
Its exist underscores the growing challenges facing the U.S. retail industry with consumers preferring to shop online as opposed to visiting a brick-and-mortar store. Sources familiar with the matter at hand have disclosed that activist hedge fund Starboard Value… Read More ›
VW’s CEO not ruling out merger talks with Fiat Chrysler
Fiat Chrysler’s CEO Sergio Marchionne has been an advocate of sharing the costs of cleaner next gen advance technology. The CEO of Europe’s biggest carmaker, Volkswagen AG, has stated he is yet to rule out talks on the potential acquisition… Read More ›
Bezos scores double win with Washington Post deal
Jeff Bezos bought the Washington Post at a time when the print media industry faces recurring revenue shortfalls. With this deal, Bezos has set a target for Washington Post’s 1 year old service, Arc Publishing, of $100 million. In a… Read More ›