Analysts view the move as largely benefiting the conglomerate since it essentially assigns economic values to two distinct business verticals, de-linking its European operations with that of its U.S. business and at the same time boost liquidity. In a strategic… Read More ›
The company has sold its credit card business, which is co-branded with Hilton hotels, to American Express. Citigroup Inc has disclosed that it expects a record a $150 million pretax gain on the sale of its $1.2 billion credit card… Read More ›
With both companies expecting touch negotiations with antitrust regulators, they are both keeping their cards close to their chest and have yet to disclose their respective potential concessions. According to multiple sources familiar with the matter at hand, T-Mobile U.S…. Read More ›
The embattled Canadian train and plane maker is weighing its options to reduce its footprint from the aerospace market. It is eyeing a sale as well as potential partnerships. Bloomberg reported, Canadian airplane and train maker Bombardier Inc is exploring… Read More ›
Companies in the race to acquire Ducati include Indian automaker Bajaj Auto Ltd and Harley Davidson. With Germany’s Volkswagen Group putting up its motorcycle brand Ducati up on the block, U.S. motorcycle maker Harley Davidson and Indian automaker Bajaj Auto… Read More ›
The shale oil business is no more a core asset for the company. The development is pregnant with potential. BHP Billiton’s CEO Andrew Mackenzie has disclosed that a number of parties are interested in acquiring the company’s U.S. shale business…. Read More ›
This business processes the work benefits of roughly 15% of the current U.S. population. As per people familiar with the matter at hand, Blackstone Group LP has agreed to acquire Aon Plc’s employee benefits outsourcing business for nearly $4.8 billion…. Read More ›
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