Biz/Tech
FTC Approves NXP's Acquisition of Freescale, Requires NXP to Divest Radio Frequency Power Assets
Shire Prepares New Bid for Baxalta, Will Create One of the World's Leading Specialist in Rare Disease if Bid Succeeds
Alibaba Group Founder Jack Ma in Talks to Acquire Stake in Hong Kong Newspaper, Latest Internet Tycoon to Revive Traditional Newspaper
Pinnacle Foods to Acquire Boulder Brands, Expands Pinnacle's Presence in Health and Wellness Categories
PetroChina to Sell Stake at Trans-Asia Gas Pipeline, Seeks to Meet Year-End Profit Target
PetroChina Co., a Chinese state-controlled oil company, is planning to sell its stake in Trans-Asia Gas Pipeline Co. for as much as 15.5 billion yuan or $2.4 billion, according to a report from Bloomberg. The sale is due to the biggest oil and gas producer in China seeking to meet its year-end profit targets and focus on exploration as energy prices continue to slump.
Latest News
Intel Hires Former Qualcomm Executive To Run Client And Internet Of Things Business, Systems Architecture Group
Intel Corporation has announced in a press release that it has hired former Qualcomm Inc. executive Dr. Venkata “Murthy” Renduchintala.
CVC, Canada Pension Plan Close to Acquiring Petco, Will Acquire Pet Retailer for $4,7 Billion
CVC Capital Partners Ltd., a private equity firm, and the Canada Pension Plan Investment Board are nearing a deal to acquire Petco Holdings, Inc., people familiar with the matter told Reuters. The deal will value Petco at $4.7 billion, including debt.
Airbnb Raises More Than $100 Million in Latest Round Of Funding, Showing Solid Growth to Attract Investors
Airbnb Inc. has raised more than $100 million in a new round of funding that has closed, a person familiar with the matter has told The Wall Street Journal.
Jawbone Lays Off 15 Percent of Staff Worldwide and Closes Down its New York Office
Jawbone Inc., the maker of fitness trackers, speakers and Bluetooth headsets, had laid off 60 employees, or 15 percent of its total staff, according to a report from TechCrunch.
Cisco Announced Intent to Acquire Acano, Accelerate the Company's Collaboration Strategy
Cisco Systems Inc. has announced in a press release its intent to acquire Acano Ltd., a privately held company based in London that provides collaboration infrastructure and conferencing software, for $700 million. The transaction will allow Cisco to accelerate its collaboration business.
Spotify Announced New Parental Leave Policy, One of the Most Generous in the U.S.
Katarina Berg, the chief human resource officer at Spotify has announced in a press release that the company will be introducing a new parental leave policy that is developed to support all of the company’s staff with families. The new parental leave policy is considered as one of the most generous in the U.S.
Allegiant Announces Expansion to 2 New Cities and New Routes Service. Offer Fares As Low As $29 on the New Routes to Celebrate the Expansion
Allegiant Air, a low-cost airline owned by Allegiant Travel Company, has announced in a press release that it will be adding nine new routes and adding two cities to its nonstop service. To celebrate the expansion, the airline is offering one-way fares on the new routes for as low as $29.
Pfizer Nearing Agreement to Buy Allergan for about $150 Billion, Final Agreement Remains Uncertain Following Treasury's Tigthening of Rules on Inversions
Pfizer, Inc. is already in advanced talks to acquire Allergan Plc that would value the Botox maker as high as $150 billion, people familiar with the matter told Bloomberg. The people said, though, that a final agreement could be delayed, as well as a change in the terms of the transaction due to the U.S. Treasury Department’s changes on the rules on tax inversion deals.