Investors to make a $2.2 billion bid for Adidas AG’s Reebok unit
A group of investors are going to bid around 1.7 billion euros ($2.2 billion) for Adidas AG’s Reebok unit, based in Canton, Massachusetts.
Funds affiliated...
Yen weakens for third day following Pension Fund report
The yen has weakened for its third consecutive day after reports sparked concerns that the Japanese pension fund is going to be increasing its...
IBM to selloff its unprofitable chip-manufacturing unit for $1.5 billion
IBM has said it it will be making a “major business announcement” on Monday morning, indicating that the computer giant has finally finalized a...
Corporate buybacks to provide US market support
In the coming weeks investors can expect support from corporations as they increase their stock purchases.
On Wednesday there was a huge equities selloff, fueled...
Germany needs greater investment but not higher debt, says Finance Minister
Germany should invest more to improve competitiveness, said Wolfgang Schaeuble, the country’s finance minister, but it must not increase debt, he insisted. His comments,...
China to reform law that may benefit foreign companies
Foreign companies operating in China are hoping they’ll be picked on less after this week’s expected legal reforms. The updated regulations will reduce local...
Honeywell posts strong 3rd quarter, despite a weak market
New Jersey-based multinational conglomerate company Honeywell International Inc. posted a strong third-quarter profit, beating analysts’ expectations, driven partly by greater margins in its aerospace...
Beware of Ebola scams, says Better Business Bureau
Several Ebola scams and dubious fundraisers have emerged in the United States since the outbreak became headline news, warns the Better Business Bureau (BBB),...
Caesars Entertainment in talks with banks to lower its debt
Caesars Entertainment, the casino giant, recently announced that it is prepared to begin formal talks with its bank lenders in an effort to lower...
Australia National University (ANU) divesting $16 million from fossil fuels
Australian National University (ANU) is the first university in Australia to divest from fossil fuels, gaining overwhelming public support but being subject to criticism...