Business & Finance
Pay-TV Companies Are in Crisis Mode
Attempts at preventing the desertion of customers lured away by cheaper entertainment options such as Netflix and Snapchat by companies ranging from AT&T Inc. to Viacom Inc. have failed and this has led the investors in traditional TV providers reeling. Echoing a similar...
US Boeing declares air war to Canadian Bombardier
The Trump administration is ready to defend the interests of national producers at all costs. The country raised import duties on the liners of the Canadian company Bombardier by 219%. The leaders of Canada and Britain called on the US to abolish restrictive measures that could endanger 5,000...
Collapse of Hugo Boss' shares grabbed attention of watchdogs
Following a long drawn-out investigation, the Federal Office of Financial Control of Germany (BaFin) submitted to the Stuttgart prosecutor's office a case of possible insider trading of shares of the German fashion manufacturer Hugo Boss. On February 23, 2016, Hugo Boss securities collapsed in...
Saudi Arabia’s Aramco agreeable to sell its private stake to investors
With mounting concerns of its international IPO, Aramco is important for the desert kingdom since it is one of its key vehicles through which it aims to diversify its oil based economy. According to sources familiar with the matter at hand, Saudi Arabia’s oil giant, Aramco is considering a...
BASF to buy BAYER’s seed and herbicide business for $7 billion
For BASF, while this deal represents a fantastic opportunity, it is howering entering into a new territory, since it has avoided the seed business and has insteasd focused on research and licensing its tech to seed developers. With Bayer aiming to impress antitrust authorities in its efforts to...
Banks are looking for ways to join the bitcoin movement
At first, bitcoin was a technology for making payments without intermediaries. Now, when the first crypto currency holds more than $ 100 billion, banks are discussing how to take advantage of this. The largest investment bank Goldman Sachs adheres to the position that the crypto currency can be...
Altice secures lifeline through debt refinancing deal
Altice’s CFO has termed the deal as one which will not only reduce the cost of its interest payable but also lengthen its debt maturity, thus giving it more leverage. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family:...
Switch Inc. raises $ 531 mln in the third-largest IPO in 2017
Switch Inc. attracted $ 531 million during the initial public offering. The deal has become the third largest IPO in the technology sector in 2017 in the US, writes Bloomberg. Switch, which provides cloud and telecommunications services, sold 31.25 million shares at a price of $ 17 per share, which...
Australian mining giant Glencore and its partners looking to rejig their $3 billion debt
While exploring the refinancing of its debt, Glencore is also looking for ways to get out of this expensive project. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk {...
Failure To Recover Taxes From Apple Results In EU Is Taking Ireland
In a that is being labeled as “regrettable” by Dublin, Ireland is being taken to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc by the European Commission. Citing one of a number of deals the EU has targeted between...
