The US Federal Trade Commission (FTC) has approved social network Facebook's proposed acquisition of mobile photo-sharing service Instagram. The approval comes a week after the UK Office of Fair Trading (OFT) cleared the deal, giving ...
Tags: Federal Trade Commission, social network, acquisition, Facebook
Bloomberg cited LLX Logistica SA, the Brazilian port operator headed by billionaire Mr Eike Batista saying that the most in a week after agreeing to lease space at its Acu complex to the local unit of French steel pipe maker Vallourec SA. ...
Tags: LLX Logistica SA, steel pipe, steel market, steel
Motorola Mobility is cutting 4,000 employees as the company shifts its emphasis from feature phones to focus on high-end devices, the company said late Sunday. About two-thirds of the staff reduction is set to occur outside the U.S., the ...
Tags: Motorola Mobility, employees, feature phones, high end devices
AN investor group has offered $US2.3 billion ($2.18bn) in a takeover bid for business software firm Compuware, saying it has quality assets but has underperformed. Elliott Management Corp, which holds an eight per cent stake in Compuware, ...
Tags: Computer Products, Consumer Electronics, Software Firm, Compuware
Sprint Nextel's proposed buyout of network partner Clearwire may be inevitable, and it could help Sprint keep its signature unlimited mobile data plans alive. The fourth-largest U.S. mobile operator is in talks with Clearwire, which ...
Bloomberg reported that Vale SA plans to invest the least in 3 years in 2013 as lower prices and slowing demand erode profit. Shares fell for the first time in three days. The Rio de Janeiro based company in a regulatory filing said that ...
Tags: iron ore price news, oil investment, sell scrap metal, iron
Reuters reported that Brazil's Vale, the world's second largest mining company, cut estimated 2013 capital spending by 24% after a global slowdown and a drop in iron ore prices led the company to rethink its outlook for expansion. Vale ...
Tags: iron ore price news, job mining, pipeline job, copper mining news
Ocado today (26 June) said first-half profit before tax was "in line" with last year as the group booked a jump in sales. The UK online retailer booked pre-tax profit of GBP0.2m (US$0.3m) on gross sales which were up 12% to GBP332.3m. ...
Tags: Ocado, first-half profit, UK online retailer
US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains. In a regulatory filing yesterday (8 November) the company said net income rose to US$31.2m in the three months to 6 ...
Tags: baker Flowers, Flowers Foods, Flowers, Foods
Russia meat producer Cherkizovo has reported higher sales from both its poultry and pork divisions in the first nine months of the year. In a regulatory filing yesterday (31 October), the company said poultry sales volumes increased by ...
Tags: meat producer, poultry and pork, product mix
US food firm Pinnacle Foods has booked a drop in third-quarter earnings, which were hit be charges related to restructuring and refinancing. In a regulatory filing yesterday (8 November), Pinnacle said EBIT dropped to US$60m in the third ...
Net profit slides to EUR146.3m Underlying net profit, pre-tax profit rises Sales, margins improve Swiss bakery group Aryzta said that its performance for fiscal 2012 was "satisfactory" as it booked a decline in net profit, despite ...
Genworth Financial, a life and mortgage insurer, has agreed to pay a sum of $2.25m to its former chief executive Michael Fraizer, as part of an separation agreement. Fraizer, who has been associated with the firm since 2004, stepped down ...
IDG News Service-Facebook and Zynga have loosened their ties in an amended agreement that does away with most of Facebook's exclusive rights to Zynga games,but also permits Facebook to develop its own games from March next year. The ...
Janssen Biotech, a Johnson & Johnson company, has executed a license and development agreement for an investigational anti-cancer agent, daratumumab (HuMax-CD38), with Genmab. Daratumumab is a human CD38 monoclonal antibody which is ...
Tags: Daratumumab License, license and development agreement, anti-cancer