Biz/Tech
Didi Kuaidi Hires Jerry Yang As Senior Adviser, Apparently Hoping To Strengthen its Tech Alliance
EU Slaps Qualcomm With Antitrust Charges, Company Accused Of Exclusivity Payments, Predatory Pricing
Boeing Schedules 1st Flight Test For New 737 MAX 8 For Early Next Year
The Boeing Co. has announced in a press release the completion of the final assembly of its first 737 MAX 8, which rolled out of the company’s factory in Renton, Wash. on Nov. 30. The new airplane is on schedule for its first test flight in early 2016.
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BBCN To Acquire Wilshire for $1 Billion, Looks To Create Only Super Regional Korean-American Bank in the U.S.
BBCN Bancorp, Inc. has announced in a press release that it entered into an agreement with Wilshire Bancorp, Inc. to combine in a strategic merger of equals. The transaction would create the only super regional Korean-American bank in the U.S.
CMA CGM Annouces Plans To Acquire Neptune Orient, Aims To Reinforce Global Shipping Position
CMA CGM, a French container shipping company, has announced in a press release that it will be acquiring Neptune Orient Lines (NOL). The acquisition will enable CMA CGM to reinforce its position in the container shipping industry.
FTC Challenges Proposed Merger of Staples And Office Depot, Claiming Move Would Harm Competition
The Federal Trade Commission (FTC) has announced in a press release that it has filed an administrative complaint against Staple, Inc.’s proposed $6.3 billion acquisition of Office Depot, Inc., citing reduced market competition.
Spain's Ferrovial Makes Offer On Australian Company Broadspectrum
Ferrovial SA, one of the largest global infrastructure operators and city services managers, has announced in a press release that it has submitted an offer to acquire 100 percent of all shares of Broadspectrum Ltd for 1.35 Australian dollars per share.
GE Calls Off Sale Of Appliance Business to Electrolux Following DOJ's Move to Block Deal
Electrolux has announced in a press release that General Electric (GE) has terminated its agreement to sell its appliance business to Electrolux for $3.3 billion.
Sony Acquires Toshiba's Image Sensor Business, Removing Major Competitor From The Field
Sony Corporation has announced in a press release that it will be acquiring Toshiba Corporation’s certain semiconductor fabrication facilities for a reported $155 million.
Hostess Brands In Talks to Acquire Give And Go Prepared Foods: Deal To Tie Twinkie With 2-Bite Brownie
Hostess Brands LLC is in talks to acquire Give and Go Prepare Foods Corp., the Canadian maker of thaw-and-serve sweet baked goodies, people familiar with the matter told Reuters.
Amazon Buys New Truck Trailers, Looking to Make Deliveries More Efficient
Amazon.com Inc. announced in an event in Chicago that it will start rolling out thousands of Amazon-branded tractor-trailers, according to a report from Wired. The new tractor-trailers are to help make deliveries more efficient.
Avon Close to Selling its North American Business to Cerberus, Barington Warns Avon of the Deal
Avon Products Inc. is in advanced talks to sell its North American business to Cerberus Capital Management LP, a private equity firm, people familiar with the matter told The Wall Street Journal. Barington Capital Group LP, a private equity investor who led a group that collectively owns a three percent stake in Avon, warns the cosmetics maker against the transaction with Cerberus.
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