Jean-Claude Arnobit
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Honeywell Acquires Elster Division of Melrose Industries, Increasing Own Business Profile
Honeywell International, Inc. has announced the acquisition of gas measuring and metering company, Elster, from Melrose Industries Plc for approximately £3.3 billion or $5.1 billion, according to a press release by Honeywell.
Medical Properties to Increase Portfolio of Hospital Real Estate with Acquisition of Capella Healthcare
"Medical Properties Trust, Inc. has announced, in a press release, that it has entered into a “definitive agreement” to acquire Capella Holdings, Inc. for $900 million in cash."
P&G Set to Announce David Taylor as Successor to CEO A.G. Lafley, Lafley to Remain as Chairman
"Proctor & Gamble Co. is set to announce David Taylor, a company veteran, to be the next CEO, according to a report from the Wall Street Journal."
U.S. Capital Equipment Rise, Boosted by Non-Military Aircraft Orders
"According to the data released by the U.S. Census Bureau News, new orders for all manufactured durable goods increased by 3.4 percent or $7.7 billion to $235.3 billion in June."
Beacon Roofing Acquires Roofing Supply, Expanding its Geographical Footprint
In a press release, Beacon Roofing Supply Inc. announced that it entered into a “definitive merger agreement” to acquire Roofing Supply Group from investment firm Clayton, Dubilier & Rice for cash and stock transaction that is worth about $1.1 billion.
Mitsubishi To End Production in U.S., Partners with United Auto Workers to Look for Suitable Buyers of the Plant
Mitsubishi Motors North America Inc., a subsidiary of Mitsubishi Motors Corporation in the U.S., has just announced, in a press release, that it will be ending the production of the Outlander Sport, its sole production model at the Normal plant, by the end of November 2015.
Equities Continue To Slump as Asia Shares Start the Week Soft
The equity market continues to be battered as shares in Asia fell to start the week, following the slump in Wall Street last Friday, according to a report from Bloomberg.
Deutsche Boerse Buys 360T, Expands Business in Forex Trading
Deutsche Boerse AG buys 360T, a global Foreign Exchange Trading Platform, for €725 million, according to the company's press release.
McGraw Hill to Expand its Data Services, in Talks to Acquire SNL Financial
McGraw Hill Financial Inc. is close to acquiring SNL Financial LC, a financial news and analysis data provider, for more than $2 billion, according to a report from Bloomberg.
Thai Airways' Restructuring Plan will Reduce Flights and Cut Jobs
Thai Airways International Pcl is planning to cut 1,401 jobs and suspend its flight to Los Angeles and Rome, according to a report from Reuters.
Looking to Solidify its Grip On the Generic Drug Sector, Teva may Acquire Allergan's Generic Business
Teva Pharmaceuticals Industries Ltd., a Israeli-based drugmaker, is in advance talks to acquire the generic drugs business of Allergan Plc., according to a report from Bloomberg.
To Defend Against Hackers, Fiat Chrysler Recalls 1.4 million Vehicles
Fiat Chrysler announced a recall of 1.4 million vehicles, in an attempt to defend against cyber attacks, according to a report from Bloomberg.
Subject To Certain Conditions, The FCC Sees the Merger of AT&T and DirecTV in the Public's Interest
After granting its approval, the Federal Communications Commission sees the merger of AT&T and DirecTV, subject to certain conditions, is in the public’s interest, according to the Commission’s press release.
Sales of New Homes in U.S. Unexpectedly Fell to Seven-Month Low, Housing Outlook Still Positive
New home purchases unexpectedly fell in June to a seasonally adjusted annual rate of 482,000, according to a joint release by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Biogen's Multiple Sclerosis Drugs Disappoints on Sales Expectation, 2015 Forecast Slashed
Biogen Inc's multiple sclerosis drugs have failed to reach analysts sales expectations in the second-quarter, prompting the company to slash its forecast for 2015, according to a report from Reuters.
EU Sees no Competition Concern with Nokia's Acquisition of Alcatel-Lucent
In a press release, the European Commission has approved Nokia's acquisition of Alcatel-Lucent, seeing no competition concern.
Airbnb Close to Hiring New CFO
Bloomberg reports that according to people with knowledge of the matter, Airbnb is close to hiring Blackstone's Laurence Tosi as chief financial officer.
Oil Back in Bear Market Territory
Concerns about the glut of supply and shaky demand have once again put oil in bear market territory, according to Reuters.
Amazon Posts Surprise Quarterly Profit, Surpasses Wal-Mart in Market Value
An unexpected profit in the second quarter pushes Amazon's stock upward, overtaking Wal-Mart in market value, Reuters report.
Initial Jobless Claims in U.S. Fall to Lowest in Four Decades
Data from the U.S. Labor Department shows that jobless claims has fallen to its lowest level since 1973.
Nikkei Inc. to Acquire Financial Times Group
In a statement from Pearson's website, Japan's Nikkei has agreed to buy the Financial Times Group from Britain's Pearson.
Qualcomm Reduces Costs, May Split Itself Up
In a press release, Qualcomm Incorporated (NASDAQ: QCOM) has announced a Strategic Realignment Plan designed to improve execution, enhance financial performance and drive profitable growth
Social Security and Medicare of Running Out of Funds
The trustees for Social Security and Medicare trust funds have reported the dates that the two entitlement programs wil run out of funds, according to The Fiscal Times.
Fast-Food Workers in New York Get $15 Per Hour Minimum Wage
The New York Wage Board has unanimously voted to increase the minimum wage of fast-food workers to $15 an hour by the end of 2018, according to a press release from the New York State Department of Labor.
Home Depot to Expand Pro Division
Home Depot has agreed to buy Interline Brands Inc. to enhance it's Pro division for $1.63 billion in cash, according to Home Depot's news release.
St. Jude Medical Inc Expands Portfolio of Medical Devices that Aids Heart Failure
St. Jude Medical Inc., a maker of medical devices that aid heart failure, has agreed to buy Thoratec Corporation for about $3.4 billion, according to St. Jude's press release.
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