senators-said
China’s Wanda in $1 billion deal to buy Hollywood’s Dick Clark
November 4, 2016 by admin · Leave a Comment
SHANGHAI/SAN FRANCISCO (Reuters) – China's Dalian Wanda has agreed a $1 billion takeover of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, extending the Chinese property-to-entertainment conglomerate's expansion into Hollywood. Wanda, run by China's richest man, Wang Jianlin, said in a statement on Friday it would buy all of Dick Clark Productions, an iconic name in U.S. entertainment …
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China’s Wanda in $1 billion deal to buy Hollywood’s Dick Clark
senators-said
Takata mulls bankruptcy for U.S. unit, filing will take time: source
November 4, 2016 by elegant · Leave a Comment
WASHINGTON/TOKYO (Reuters) – Japan's Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty inflators, a person briefed on the matter told Reuters. Takata, which has retained investment bank Lazard Ltd as an adviser, has been working to choose a backer for its turnaround …
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Takata mulls bankruptcy for U.S. unit, filing will take time: source
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Icahn raises stake in Herbalife
November 4, 2016 by elegant · Leave a Comment
(Reuters) – Activist investor Carl Icahn has raised his stake in Herbalife Ltd to 23.1 percent as of Nov. 3, according to a regulatory filing on Thursday. Icahn had reported a 20.78 percent stake in the company in August. (http://bit.ly/2fjU7ve) Herbalife said on Tuesday that Chief Executive Michael Johnson would step down next year and be replaced by Chief Operating Officer Richard …
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Icahn raises stake in Herbalife
senators-said
Wells Fargo sales scandal extends to brokerage unit: U.S. senators
November 4, 2016 by admin · Leave a Comment
Wells Fargo & Co fired hundreds of brokerage employees for improper sales practices, three U.S. senators said on Thursday, widening the scope of a scandal which the fourth-largest U.S. bank has so far characterized as a retail banking problem. In a letter to Wells Fargo Chief Executive Tim Sloan, Senators Elizabeth Warren, Ron Wyden and Robert Menendez questioned the bank's disclosures about those employees' dismissals in required regulatory filings.
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Wells Fargo sales scandal extends to brokerage unit: U.S. senators