US stocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus measures. Small-company stocks were among the best performers in Tuesday's rally, with the ...
Two recalls caught our attention this week: Chrysler agreed to essentially recall about 1.6 million older Jeep Grand Cherokee and Liberty SUVs to retroactively improve rear crash protection, after making headlines for initially refusing a ...
Tags: Chrysler, Tesla, Car Recall
A majority shareholder is pressuring Smithfield Foods, Inc. (NYSE:SFD) to explore a breakup rather than go ahead with a planned USD 4.7 billion takeover by Chinese meat company. Activist investor Starboard Value LP said in a letter to the ...
Tags: Agriculture, Food, meat company
Chinese dairy maker Yashili International Holdings Ltd. (SEHK: 1230) is said to be acquired by China Mengniu Dairy Co., Ltd. (SEHK: 2319). Sources said recently that it would be acquired by Mengniu and on June 13, the buyer and it each ...
Tags: dairy, Agriculture, Food, Mengniu, Yashili
Carl Icahn has acquired a larger stake in Dell and called for a better buyout offer than the proposal of US$13.65 per share from Michael Dell and Silver Lake Partners. Icahn has proposed that Dell commence a tender offer for around 1.1 ...
Tags: Dell, Carl Icahn, Buyout Deal
Japan's Sojitz Corp. and the government of Papua New Guinea have signed a memorandum of understanding for a feasibility study on a gas chemical project in Papua New Guinea using locally sourced natural gas as feedstock, the company ...
Japan-based financial services provider ORIX Corporation has signed an agreement to acquire approximately 25.7% of issued shares of Bahrain-based the Mediterranean and Gulf Insurance and Reinsurance Company (MEDGULF). ORIX, which entered ...
Tags: Service
Chevrolet had a lot at stake with the redesigned Silverado. It is the best-selling General Motors model by a long shot, and it is facing off in a hotly contested segment amid some updated players. Consequently, we were eager to see how the ...
Tags: Chevrolet Silverado, Auto
Marathon Oil's newly announced CEO will bring international experience to enhance the company's global operations, analysts said Thursday. Long-time leader Clarence Cazalot is stepping down as president and CEO on August 1, after 14 years ...
Tags: Marathon CEO, Chemicals
At least two U.S. mobile operators, T-Mobile US and Verizon Wireless, reportedly do not participate directly in the U.S. National Security Agency's call metadata collection program because of their partial ownership by foreign ...
Tags: Phone Companies, NSA, Surveillance Program
Flexible packaging group Constantia Flexibles has completed the previously announced acquisition of 60% stake in India-based Parikh Packaging. The remaining shares, according to Constantia, remain with the Parikh family. Parikh ...
Seajacks International has entered into a contract with Samsung Heavy Industries to build the world's largest and most advanced offshore wind farm installation vessel. The vessel has been specifically designed to meet the demands associated ...
Tags: Service, Transportation
The Ministry of Commerce and Industry, Government of India, has issued a statement clarifying certain points related to 50 percent investment in back-end infrastructure under its foreign direct investment (FDI) policy on multi-brand retail ...
Tags: Apparel, Accessories
South Africa-based financial services provider Sanlam is mulling to acquire a 40% holding in MCIS Zurich Insurance, in an effort to boost its presence in Malaysia. People familiar with the matter were reported by thesundaily as saying ...
Tags: Sanlam Mulls, Insurance
India-based pharmaceutical packaging firm Cogent Glass has announced that US-based investment firm Oaktree Capital Management acquired a majority stake of 60% in the company for INR2bn ($34.06m). Oaktree's investment in Cogent will enable ...
Tags: Oaktree Capital, Packaging