Jean-Claude Arnobit
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Toshiba Increased Outsiders to be Part of Its Board, Aims to Bolster Governance
Toshiba Corporation has increased the number of outsiders to be part of its board of directors, giving them the majority of the company’s 11-member board, according to a report from The Wall Street Journal.
BB&T Corporation Acquires National Penn for $1.8 Billion, Improves to #4 in Market Deposit Share in Pennsylvania
BB&T Corporation has announced that it will acquire National Penn Bancshares, Inc. in a cash and stock transaction for approximately $1.8 billion, according to a press release issued by BB&T.
Strategic Hotels Looking at Potential Sale as Company Explores Strategic Alternatives
Strategic Hotels & Resorts, Inc., a real estate investment trust (REIT) that owns and provides value-enhancing asset management of high-end hotels and resorts in the United States and Europe, has announced that it is looking at a potential sale of the company, as it explores possible strategic alternatives, according to the press release issued by Strategic Hotel.
LG Display to Focus on Investing on OLED in Next Gen Push, Looking for Edge Over Competitiors
LG Display Co., Ltd. has announced that they will be focusing their investment on organic light-emitting diode (OLED) displays to develop its next-generation screens, as the company looks to have an edge over its competitors, according to a report from Bloomberg.
Rambus to Sell Own Chip Brand, Introduces Server Memory Interface Chipset
Rambus, Inc. a licensing tech company, is planning to make its own brand of chipset that it will offer to the market, according to a press release issued by the company.
QVC Acquires Zulily, Strengthens Leadership Position in Experiential, Discovery Driven Shopping
Liberty Interactive Corporation, the owner of home shopping network QVC, has just announced that they have reached an agreement to acquire Zulily, Inc. for approximately $2.4 billion, or $18.75 per share in cash and stock, according to a press release issued by Liberty.
Norfolk Naval Shipyard Conducts Job Fair in Biloxi, Looking to Grow Workforce
The Norfolk Naval Shipyard, a federally run shipyard in Portsmouth, Virginia, has conducted a job fair in Biloxi, Mississippi, looking to expand its workforce, according to a report from WLOX.
Casino Pier gets Approval to Reconstruct Portions of the Pier, Now Awaiting Approval of Land Swap
Owners of New Jersey’s Casino Pier were given a state permit to allow the reconstruction of the portion of the pier and the relocation of the Sky Ride, a spokesman for New Jersey’s Department of Environmental Protection (DEP) told the Asbury Park Press.
California Regulators Issued 19 Citations to ExxonMobil for the Torrance Refinery Explosion, Penalties Total $566,600
The State of California’s Division of Occupational Safety and Health (CAL/OSHA) has issued 19 citations to ExxonMobil Refining & Supply Company for violations following the February 18 explosion of its refinery in Torrance, according to a press release issued by the CAL/OSHA.
Chipotle is Raising the Prices of Food with Beef, Caused by Rising Beef Prices in the Market
Chipotle Mexican Grill, Inc. is raising the prices of items in its menu that uses beef, by 4 to 6 percent nationally, due to the continued rise in beef prices, according to a report from Eater.
Zillow Reports that Monthly Rent are at their Least Affordable Level, while Mortgages are More Affordable
Zillow, an online company that offers real estate database and resource for home buying inquiries, has released a report stating that in the second quarter of 2015, renting a house on a monthly is becoming less affordable as compared to paying for a mortgage.
Comcast to Offer New Video Service called Watchable, Latest Effort to Appeal to Younger Audience
Comcast Corp. is planning to introduce a video service that will feature content from Vice Media and Vox Media, a person close to Comcast told Bloomberg.
Apple to Delay Live TV Service to 2016 Due to Stalled Negotiations and Lack of Network Capacity
Apple, Inc. will be delaying its live TV service to 2016 due to several factors, people familiar with the matter told Bloomberg.
British Trader Accused in the "Flash Crash" was Released Following the Reduction of the Amount of his Bail
The London-based day trader who was accused by the U.S. of market manipulation, Navinder Sarao, was released last Friday after reducing the amount of his bail, according to a report from Reuters.
Haggen to Close Down its Grocery Stores in Various Location, Improve Business and Strengthen Competitiveness
Haggen Food & Pharmacy has announced that it will be closing or selling some of its grocer in various locations to continue improving its business and strengthen its competitive position, according to a press release issued by Haggen.
Tyson Foods to Cease Beef Operations in Denison to Better Align Overall Production with Cattle Supply
Tyson Foods, Inc. said that their subsidiary, Tyson Fresh Meats, will be ceasing its operations, effective immediately, at its plant in Denison, Iowa, to reduce its beef production capacity, according to a press release issued by Tyson Foods.
Trian Partners Acquires Stake in Sysco, Sees Stock Undervalued
Trian Partners, a hedge fund owned by activist investor Nelson Peltz, has acquired a more than 7 percent stake in Sysco Corporation for $1.6 billion, according to a report from Reuters.
Goldman Sachs to Buy GE Capital's Online Deposit Platform, Expands its Source of Funding
Goldman Sachs Bank USA has announced that it will be acquiring GE Capital Bank’s online deposit platform and assume GE’s $8 billion in online deposits and $8 billion in brokered certificates of deposit, according to a press release issued by Goldman Sachs.
HTC Announces Business Realingment to Achieve Profitable Growth
HTC Corporation has announced a plan to realign its business that will enable it to position itself for a significant profitable growth, according to a press release issued by HTC.
Roche Acquires GeneWEAVE for about $425 Million, Enhances its Role in Microbiology Diagnostics
Roche has just announced that it will be acquiring GeneWEAVE Biosciences, Inc., a privately held company focused on innovative, clinical microbiology diagnostics solutions, for approximately $425 million, according to a press release issued by Roche.
Coca-Cola Appoints James Quincy President and COO, Will be In Charge of the Company's Operating Units Worldwide
The Coca-Cola Company has announced that James Quincy is appointed as president and chief operating officer of the company effective immediately, according to a press release issued by Coca-Cola.
Tesla Sell Shares to Raise $500 Million, Accelerate Growth in US and Abroad
Tesla Motors, Inc. has just announced that it intends to offer $500 million worth of additional shares of common stock in an underwritten registered public offering, according to a press release issued by Tesla.
Lenovo's Quarterly Revenue Misses Expectations, To Restructure Business and Cut Costs
The Lenovo Group has reported a quarterly revenue of $10.7 billion, a 3 percent increase year-over-year, according to a press release issued by Lenovo.
Uzbekistan Airways to Conduct Preflight Weighing of Passengers, Ensuring Flight Safety
Uzbekistan Airways has just announced that they will now be conducting weighing of passengers prior to boarding the flight, according to a press release issued by Uzbekistan Airways.
Federal Regulators Citizens Bank to Pay $34.5 Million in Fines and Refunds for Shortchanging Consumers, Businesses
Federal regulators have ordered Citizens Bank to pay about $34.5 million in fines and refunds for failing to credit the full amount of deposits made, according to a press release issued by the Consumer Financial Protection Bureau (CFPB).
Fidelity National Acquires SunGard, Broadens its Range of Enterprise Banking and Capital Markets Capabilities
Fidelity National Information Services, Inc. (FIS) has just announced that it has signed a “definitive agreement” to acquire SunGard Data Systems, Inc., one of the world’s leading financial software companies, for $9.1 billion, according to a press release issued by FIS.
NBCUniversal Invests $200 Million in Vox Media, to Better Connect with Younger Audiences
Comcast Corporation’s NBCUniversal, one of the world’s leading media and entertainment companies, has just announced a $200 million equity investment in Vox Media, according to a press release issued by NBCUniversal.
U.S. Small Business Confidence Bounce Back in July, Wages Expected to Pick Up
The confidence of small business in the U.S. has slightly bounced back in July following a drop in June, according to a press release issued by the National Federation of Independent Business (NFIB).
Carlyle Buys Veritas from Symantec for $8 Billion, Continues its Commitment to Technology, Media, Telecom Industries
The Carlyle Group LP, a global alternative asset manager, has announced that it has agreed to acquire Veritas, an information management systems provider, from Symantec Corporation for $8 billion in cash, according to a press release issued by Carlyle.
AT&T Invites DirecTV Customers to Switch Wireless Service, Offers $500 Credit
AT&T is offering a $500 credit per line to DirecTV and U-verse TV customers to switch to AT&T’s wireless service, according to a press release issued by AT&T.
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