Google CEO’s absence causes concern

July 22nd, 2012 - 6:07 pm ICT by IANS
London, July 22 (IANS) Google CEO Larry Page was again absent from a company meeting that raised concerns about his health and how it will affect the internet giant, a ... Read more...

Posted in World |

Ukraine may sell state stake in airline

May 5th, 2012 - 7:38 am ICT by IANS
Kiev, May 5 (IANS/RIA Novosti) The Ukrainian government plans to sell its stake in the country's second largest air carrier AeroSvit in 2012-2013, a government agency said.The government has a ... Read more...

Posted in World |

Facebook plans to go public to raise $87bn

May 4th, 2012 - 11:25 am ICT by IANS
Washington, May 4 (IANS) Facebook will go public with a stock price of $28 to $35 to set the popular social network's valuation as high as $86.6 billion, according ... Read more...

Posted in Sci-Tech |

Sony announces $3.1 billion annual loss

May 27th, 2011 - 1:06 am ICT by BNO News
TOKYO, JAPAN (BNO NEWS) -- Sony, the Japanese electronics giant, on Thursday announced a $3.1 billion annual loss as of March 31. This was the third year in a row that the ... Read more...

Posted in Technology Industry News |

LinkedIn files registration for proposed public stock offering

January 28th, 2011 - 2:21 pm ICT by BNO News
MOUNTAIN VIEW, CALIFORNIA (BNO NEWS) -- LinkedIn Corporation on Thursday announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering (IPO) of ... Read more...

Posted in Technology Industry News |

Jo-Ann Stores to be acquired by Leonard Green for $1.6 billion

December 24th, 2010 - 4:33 pm ICT by BNO News
HUDSON, OHIO (BNO NEWS) -- Jo-Ann Stores, Inc. has announced that it has entered into a definitive agreement to be acquired by an affiliate of Leonard Green & Partners, L.P. for a ... Read more...

Posted in Business |

UAL, Continental merger clearance makes it world’s largest airline

September 18th, 2010 - 5:09 pm ICT by ANI
London, Sept 18 (ANI): United Airlines (UAL) and Continental Airlines (CAL) have been cleared to merge, creating the world's largest carrier after shareholders in both the airlines voted to approve the deal ... Read more...

Posted in World |

Continental stockholders approve merger with United Airlines

September 17th, 2010 - 10:52 pm ICT by BNO News
HOUSTON (BNO NEWS) -- Stockholders of Continental Airlines on Friday morning overwhelmingly approved its planned merger with United Airlines to create the world's largest airline, the company said.The meeting with shareholders was ... Read more...

Posted in Business |

High testosterone levels linked to self-destructive CEO behaviour in M&As

September 9th, 2010 - 1:06 pm ICT by ANI
Washington, Sept 9 (ANI): Higher testosterone levels have been linked to higher aggression levels in men, and now a study indicates that in CEOs negotiating mergers and acquisitions, increased levels are linked ... Read more...

Posted in Health Science |

Hugh Hefner Plans On Going Private By Offering To Buy All Outstanding Playboy Stocks

August 2nd, 2010 - 7:52 pm ICT by Pen Men At Work
August 2, 2010 (Pen Men at Work): It seems that Hugh Hefner wants to talk about movies. The publishing giant presently in his eighties is keen to discuss the documentary made ... Read more...

Posted in Business, Entertainment |

Penthouse owner offers to buy Playboy

July 16th, 2010 - 8:05 am ICT by IANS
Los Angeles, July 16 (DPA) The owner of men's magazine Penthouse announced Thursday it has entered a bid to buy its struggling rival Playboy for $210 million. The offer is about 10 ... Read more...

Posted in Business |

The Thai Capital Fund Announces Date of Annual Meeting for 2010

March 3rd, 2010 - 2:39 am ICT by BNO News
JERSEY CITY, NJ -- (Marketwire) -- 03/02/10 -- The Thai Capital Fund, Inc. (NYSE Amex: TF), a closed-end management investment company which seeks long-term capital appreciation through investment primarily in Thai equity ... Read more...

Posted in Press Release |

Brokers miffed over extended trading hours

December 27th, 2009 - 2:09 pm ICT by IANS
By Aparajita Gupta Kolkata, Dec 27 (IANS) Poor infrastructure and the fallout of longer work hours for the broking community will frustrate the decision of the country's two major bourses to advance ... Read more...

Posted in Business |

Brokers oppose change in trading timings

December 24th, 2009 - 4:59 pm ICT by IANS
Mumbai, Dec 24 (IANS) Brokers at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) Thursday demanded that the two apex exchanges reconsider advancing the daily trading sessions to 9 a.m. ... Read more...

Posted in Business |

Adecco to acquire US rival for $1.3bn

October 20th, 2009 - 3:11 pm ICT by IANS
Geneva, Oct 20 (DPA) Swiss staffing company Adecco announced Tuesday it plans to buy the rival MPS Group in order to expand its presence in the US, Canada and Britain. If stockholders agree, ... Read more...

Posted in Business |

Oracle sales down as businesses tighten belts

September 17th, 2009 - 11:17 am ICT by IANS
San Francisco, Sep 17 (DPA) Business software maker Oracle reported a 5 percent decline in quarterly revenue Wednesday as businesses held off on buying new software. The Silicon Valley company said its sales ... Read more...

Posted in Business |

Bank of America pays $33-mn fine for misleading bonuses

August 4th, 2009 - 4:14 am ICT by IANS
Washington, Aug 4 (DPA) The Bank of America agreed to pay US regulators a $33-million fine for misleading its investors about billions of dollars in bonuses paid to Merrill Lynch executives when ... Read more...

Posted in Business |

Ebay announces plan to separate from Skype

April 15th, 2009 - 4:14 am ICT by admin
San Jose, CALIFORNIA (BNO NEWS) -- Ebay Inc. (Nasdaq: EBAY) today announced that it plans to separate Skype from the company, beginning with an initial public offering that is intended to ... Read more...

Posted in Technology Industry News |

Microsoft plan would destroy value, says Yahoo!

July 17th, 2008 - 11:48 pm ICT by IANS
DPA San Francisco, July 17 (DPA) In a sharp letter to stockholders, Yahoo! chairman Roy Bostock and CEO Jerry Yang said that the alliance between investor Carl Icahn and Microsoft would "destroy shareholder ... Read more...

Posted in Business |

Time Warner to spin off cable TV busines

May 22nd, 2008 - 12:14 am ICT by admin
DPA New York, May 21 (DPA) Time Warner, the world's largest media company, is to spin off its lucrative Time Warner Cable unit in a $10.9-billion deal. As part of the separation, Time Warner ... Read more...

Posted in Uncategorized |

Delta, Northwest airlines announce merger

April 15th, 2008 - 10:58 am ICT by admin
DPA New York, April 15 (DPA) Delta and Northwest airlines announced a merger late Monday after months of talks, agreeing to a stock swap that would create the world's largest passenger carrier. "Delta ... Read more...

Posted in World |

Yahoo rejects Microsoft deadline

April 8th, 2008 - 10:35 pm ICT by admin
Washington, Apr.8 (ANI): US Internet company Yahoo has refused to meet the three week deadline set by software giant Microsoft to accept its takeover offer. "We continue to believe that your proposal ... Read more...

Posted in Business |

Yahoo! ready for deal, but wants more money

April 8th, 2008 - 1:40 am ICT by admin
DPA San Francisco, April 7 (DPA) Two days after Microsoft slapped a deadline on its buyout offer, a previously reluctant Yahoo! signalled Monday that it was ready to strike a deal, but said ... Read more...

Posted in World |

Unperturbed by ultimatum, Yahoo! again rejects Microsoft offer

April 7th, 2008 - 9:51 pm ICT by admin
New York, April 7 (IANS) In what is turning out to be a titanic battle of wits, Yahoo! responded Monday to Microsoft's ultimatum on takeover, again rejecting the buyout offer as too ... Read more...

Posted in World |