Biz/Tech
Airbnb Pledges to Work Together with Cities, Be More Transparent, Pay Fair Share of Taxes
Barrick Gold to Sell 4 Non-Core Assets to Kinross and Waterton for $720 Million, Part of Debt Reduction Effort
Barrick Gold Corporation has announced in a press release that it will be selling four non-core assets to Kinross Gold Corporation and Waterton Precious Metals Fund II Cayman, LP for a total of $720 million in cash. The sale of the assets is part of the company’s effort to reduce its debt, which it said is on track to meet.
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Canadian Pacific to Explore Takeover of Norfolk Southern, Attempting to Consolidate the North American Railroad Industry
Canadian Pacific Railway Ltd. is exploring a takeover of U.S. carrier Norfolk Southern Corp., people familiar with the matter told Bloomberg. The move is an attempt to consolidate the North American railroad industry.
Singapore Airlines to Buy Remaining Shares of Tiger Airways, Plans to Delist, Privatize Airline
Singapore Airlines (SIA) has announced in a press release that it is launching a voluntary conditional general offer for all the shares of Tiger Airways that it does not already own. SIA, who currently owns 55.8 percent of Tiger Airways, plans to delist and privatize the budget airline through the offer.
Weyerhaeuser to Buy Plum Creek, Create World's Premier Timber, Land and Forest Products Company
Weyerhaeuser Company, one of the world's largest private owners of timberlands, has announced in a press release that it would be acquiring Plum Creek Timber Co. The combination of the two companies would create the world’s premier timber, land and forest products company.
Alibaba Acquires Youku Tudou, Looking to Stream More Content to Chinese Internet Users
Alibaba Group Holding Limited announced in a press release that it will be acquiring Youku Tudou, Inc. in an all-cash transaction. Jack Ma, the founder and executive chairman of Alibaba Group, is looking to stream more content to Chinese Internet through Youku.
Verizon Exploring the Sale its Enterprise Business, Looks to Focus on Core Business
Verizon Communications Inc. is looking to sell its enterprise business, which could be worth as much as $10 billion, people familiar with the matter told Reuters. The largest wireless carrier in the U.S. is looking to focus more on its core business.
Lockheed Martin Completes Acquisition of Sikorsky, Advances its Commitment to Provide Affordable and Efficient Mission-Ready Solutions
Lockheed Martin announced in a press release that they have completed the acquisition of Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft. The acquisition advances Lockheed’s commitment to providing customers with affordable and efficient mission-ready solutions.
Virgin America Launches Flight to Hawaii, Celebrates its Launch with Partnership with Airbnb
Virgin America has announced in a press release that it has launched its first flight from San Francisco to Hawaii on Monday, November 2, 2015. The airline will be flying to Hawaii using its newest Airbus A320 aircraft that is equipped with fuel-saving “sharklet” wingtip devices. In connection with its first flight to Hawaii, Virgin America also announced a partnership with Airbnb, the first partnership program of its kind.
Coty Acquires Personal Care and Beauty Business of Hypermarcas for about $1 Billion in Cash, Provides Coty with Critical Mass Platform in Brazil
Coty, Inc. announced in a press release that it will be acquiring the personal care and beauty business of Hypermarcas S.A. for approximately $1 billion. The acquisition gives Coty a critical mass platform in Brazil.
Airbnb Wins Battle in San Francisco, Plans to Create 100 Home-Sharing Political Clubs in 100 U.S. Cities
Voters in the city of San Francisco have soundly rejected Proposition F, a measure that would have limited short-term housing rentals to 75 nights a year, according to a report from The Wall Street Journal. The result is a victory for Airbnb Inc., who waged a sophisticated political campaign to defeat the initiative. The home-sharing site plans to launch a national campaign and create 100 home-sharing political clubs in 100 U.S. cities in 2016.
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