With evolving times, the newspaper industry is facing severe headwinds against the digital print industry, and the sale is largely reflective of that struggle. As per a source familiar with the matter at hand, Tronc Inc, owner of Los Angeles… 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 ›
Despite the development, there is a level of uncertainty caused by legal measures taken by Western Digital Corp, Toshiba’s joint venture partner in its chip business. On Thursday Japan’s embattled Toshiba Corp is expected to formalize the sale of its… Read More ›
The likelihood of a deal taking place is higher at this time since GE has lowered its expected selling price to around $2 billion, from its earlier $3 billion plus. As per sources familiar with the matter at hand, GE… 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 ›
The sale of its luxury brand, Mercedes-Benz, has been the engine for its spectacular performance. Daimler Financial Services, Daimler’s finance arm, has stated it is heading for another record year having signed nearly one million new leasing and finance… Read More ›
As per the U.S. hedge fund, Toshiba’s shares have the potential to touch 400 yen once it manages to overcome its legal battle with Western Digital Corp. In a significant development, U.S. hedge fund Greenlight Capital has disclosed, it has… Read More ›
Symantec is exploring to divest its web certification business which generates $400 million in annual turnover. According to sources familiar with the matter at hand, U.S. cybersecurity company Symantec Corp is considering to sell its website certification business in a… Read More ›
U.S. President Donald Trump has accused Qatar of supporting terrorism. Although on the one hand, U.S. President Donald Trump criticised Qatar with supporting terrorism, on Wednesday, Qatar’s Ministry of Defence announced it had signed a $12 billion deal with the… Read More ›
Japan is making every effort to ensure that the sale of Toshiba’s chip manufacturing unit, which it deems as a risk of national security, does not fall into the hands of the Chinese. Japanese newspaper Asahi has reported that a… Read More ›
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