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Sumner Redstone has power to remove Viacom CEO from his trust
May 17, 2016 by elegant · Leave a Comment
Sumner Redstone has the power to remove Viacom Inc Chief Executive Philippe Dauman, but not his daughter Shari, from the trust that will control his $40 billion media empire after his incapacitation or death, according to two sources familiar with the matter. There is no evidence that Sumner Redstone is considering replacing Dauman. Shari Redstone, who sits on Viacom's board, voted against Dauman's elevation to executive …
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Sumner Redstone has power to remove Viacom CEO from his trust
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Solar developer SunEdison in bankruptcy as aggressive growth plan unravels
April 21, 2016 by elegant · Leave a Comment
SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion
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Solar developer SunEdison in bankruptcy as aggressive growth plan unravels
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Apple fight could escalate with demand for ‘source code’
March 15, 2016 by admin · Leave a Comment
By Joseph Menn SAN FRANCISCO (Reuters) – The latest filing in the legal war between the planet’s most powerful government and its most valuable company gave one indication of how the high-stakes confrontation could escalate even further. In what observers of the case called a carefully calibrated threat, the U.S. Justice Department last week suggested that…
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Apple fight could escalate with demand for ‘source code’
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Record highs predicted for bitcoin in 2016 as new supply halves
December 23, 2015 by admin · Leave a Comment
The reason 2016 looks set to be different is that bitcoin's price is likely to be driven in large part by similar factors to a traditional fiat currency, following the age-old principles of supply and demand. Instead of being controlled by a central bank, bitcoin relies on so-called “mining” computers that validate blocks of transactions by competing to solve mathematical
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Record highs predicted for bitcoin in 2016 as new supply halves
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Exclusive: Shire closer to deal to buy Baxalta – sources
December 23, 2015 by creative · Leave a Comment
By Carl O'Donnell and Pamela Barbaglia NEW YORK/LONDON (Reuters) – Drug maker Shire Plc has made a new acquisition offer for peer Baxalta International Inc that is roughly in line with the latter's valuation expectations, making a deal…
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Exclusive: Shire closer to deal to buy Baxalta – sources
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OPEC’s market share to shrink by 2020 as rivals keep pumping despite oil’s collapse
December 23, 2015 by publisher · Leave a Comment
By Alex Lawler LONDON (Reuters) – Global demand for OPEC's crude will be lower in 2020 than next year as supply from rivals proves more resilient than expected, potentially fuelling a debate on the merits of its strategy to let prices fall to hurt…
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OPEC’s market share to shrink by 2020 as rivals keep pumping despite oil’s collapse
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Pentagon eyes proposal for M&A changes in ‘weeks’
December 23, 2015 by creative · Leave a Comment
By Andrea Shalal WASHINGTON (Reuters) – The Pentagon and other U.S. government agencies should complete a legislative proposal in coming weeks to let regulators block proposed mergers for national security reasons, instead of just antitrust concerns, a top official said on Tuesday. Defense Undersecretary Frank Kendall, who oversees arms weapons acquisitions and industrial base issues for the Pentagon, made the comments in an interview, after first …
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Pentagon eyes proposal for M&A changes in ‘weeks’