Greenland Hong Kong issued USD 700 million bonds to expire in 2016, with annual interest rate of 4.75%, and the interests will be paid every half a year. Net raised capital of CNY 695 million will be used for refinancing for existing ...
Del Monte Pacific (DMPL), a Singapore-based food and beverage firm, has agreed to acquire Del Monte Foods' Consumer Products business in a $1.67bn deal. DMPL owns the Del Monte brand in the Philippines and is the exclusive licensee for ...
Tags: Del Monte Pacific, beverage
All-stock transaction creating a new company as a merger of equals with combined market capitalization of approximately US$29 billion (¥2.8 trillion) Accelerates development of breakthrough products to address future technology ...
Tags: Applied Materials, Tokyo Electron
San Francisco-based private equity investment firm Hellman & Friedman has acquired Chicago-based insurance brokerage firm, Hub International, from Apax Partners, in a transaction worth approximately $4.4bn. Commenting on the transaction, ...
Tags: insurance, investment funds
Shuanghui International has acquired a US pork processor Smithfield Foods in an all-cash deal valued at $7.1bn, which includes the assumption of net debt. The deal received approval from Smithfield's shareholders at a special meeting held ...
Tags: Shuanghui International, pork
Grupo Lala, a Mexican dairy company, has announced plans to launch an initial public offering (IPO) to strengthen its distribution operations and prepay bank loans. The company also plans to use the proceeds to pursue acquisition of ...
Tags: Dairy Grupo, IPO
BlackBerry has announced its fourth new BlackBerry 10-based smartphone of the year with the Z30, a five-inch screen device that will become the company's flagship smartphone. The OLED touchscreen will offer a resolution of 1,280 by 768 - ...
Tags: Blackberry, Computer Products, smartphone
Guardian Life Insurance, a mutual life insurer and a provider of employee benefits, has appointed Caitlin Pincus as senior vice president of Strategy & Guardian Labs and Dean Del Vecchio as senior vice president and chief information ...
Tags: Guardian Life, Insurance
American Family Insurance has inked an acquisition agreement to purchase direct homeowners insurer Homesite Group for approximately $616m. Headquartered in Boston, Homesite is a direct writer of homeowners, renters and condominium ...
Tags: Insurance, Homesite Group
Investment bank Morgan Stanley is delaying a planned upgrade of its BlackBerry smartphones because of fears about the Canadian firm's ability to support the latest BlackBerry 10 platform over the long term, according to Bloomberg. Two ...
Tags: Computer Products, BlackBerry, smartphone
Despite a new oil product pricing mechanism introduced by the central government in March, China's state refiners continued to suffer in the downstream in the second quarter because of poor domestic demand, their interim results showed. ...
Tags: oil product, gasoil demand
For centuries, trading with raw material has been an integral part of economic life. Stock exchanges started everywhere and eventually developed into the stock exchanges that exist today, dealing with shares, too. The first stock exchange ...
Tags: Raw Material, Textile
Financial software expert Lev Lesokhin, who works for analysis and measurement software provider CAST Software, believes that stock exchanges are playing Russian roulette with their trading systems. "We're loading up a bunch of bullets or ...
Tags: Computer Products, software
The University of St Andrews, one of the oldest universities in the world, has slashed its power bills and carbon emissions with a radical process of server consolidation and virtualisation. The project, which is ongoing, involved ...
Tags: Computer Products, software
In a bid to plug a "major skills gap" in the datacentre industry, the professional association Data Centre Alliance (DCA) has launched a bootcamp to lure unemployed graduates to work in the industry. The DCA claims that the data centre ...
Tags: Computer Products, software, Data