business
Fiat Chrysler CEO sees only Toyota, VW, Ford as merger candidates
April 15, 2016 by elegant · Leave a Comment
By Agnieszka Flak AMSTERDAM (Reuters) – Toyota , Volkswagen and Ford are the only remaining potential merger candidates for Fiat Chrysler , since its attempt to join up with GM was rebuffed, Chief Executive Sergio Marchionne said on Friday. Marchionne has long called for mergers of big players in …
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Fiat Chrysler CEO sees only Toyota, VW, Ford as merger candidates
business
Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion
January 12, 2016 by elegant · Leave a Comment
Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin said he plans to package Legendary, behind hits like “Jurassic World”, with existing movie production assets in China and sell shares in the…
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Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion
business
GE calls off Electrolux appliance deal amid U.S. antitrust fight
December 8, 2015 by elegant · Leave a Comment
By Simon Johnson and Diane Bartz STOCKHOLM/WASHINGTON (Reuters) – General Electric on Monday walked away from a $3.3 billion agreement to sell its appliances business to Sweden's Electrolux, terminating the deal after months of opposition from U.S. antitrust regulators. “The appliances business is performing …
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GE calls off Electrolux appliance deal amid U.S. antitrust fight
business
NY attorney general probing foreign exchange options market
November 24, 2015 by publisher · Leave a Comment
By David Ingram and John McCrank (Reuters) – New York Attorney General Eric Schneiderman's office is investigating the posting of false bids and offers in the foreign exchange options market for emerging market currencies, a
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NY attorney general probing foreign exchange options market
business
Icahn takes stake in Xerox, calls shares ‘undervalued’
November 24, 2015 by publisher · Leave a Comment
The billionaire revealed a 7.13 percent stake in Xerox in a securities filing on Monday, making him the second-largest shareholder of the 109-year-old company. Icahn, who recently took stakes in American International Group and Freeport-McMoran Inc , said he would look at getting representation on Xerox's board, as well as pursuing strategic alternatives. “We are aware that Carl Icahn has
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Icahn takes stake in Xerox, calls shares ‘undervalued’