Shire recommends AbbVie’s proposal
After receiving a £53.20 ($91.05) per share offer, Shire recommends AbbVie’s proposal to its shareholders. Under the new offer, the Dublin-based company's shareholders would...
Hony Capital buys PizzaExpress
Hony Capital buys PizzaExpress for about £900 million ($1,540 million). The Gondola Group, which owns Pizza Express and belongs to Cinven Ltd., confirmed the...
American Airlines CFM International order for $2.6bn
An American Airlines CFM International order worth $2.6 billion has been announced by the two companies to provide the advanced LEAP-1A engines for 100...
Federal regulators sue Amazon for kids’ purchases
Federal regulators sue Amazon for illegally charging account holders for kids’ purchases without their consent. The lawsuit alleges that the online retail giant allowed...
Cynk shares rise 23,000 percent, SEC suspends trading
After Cynk shares rise 23,000% in just one month, the US Securities and Exchanges Commission (SEC) suspended trading until July 24. According to the...
Alibaba valuation rises to 133 billion dollars
The latest Alibaba valuation rises to $133 billion, according to data posted by the company in a filing on Friday, compared to $119 in...
Barclays abolishes bank cashiers
Barclays abolishes bank cashiers, announcing that its 6,500 UK traditional cashiers will become “community bankers” and will receive a wage hike of 2.8% to...
Wells Fargo net income rises in second quarter
Is a Wells Fargo net income rise a reflection of better banking figures? Being the first major bank to post results for the second...
Burberry investor revolt
In a Burberry investor revolt, fifty-two percent of shareholders rejected CEO Christopher Bailey’s pay package at the annual general meeting (AGM) in London. The...
Allergan should acquire a company, shareholders urge
Allergan should acquire a company in order to put Valeant Pharmaceuticals’ hostile bid to bed, shareholders are urging. Allergan has $14 billion in cash...