LATEST BUSINESS NEWS
Total is buying Maersk Oil in a $7.5 billion deal
Patrick Pouyanne, Chief Executive Officer of Total, speaks during the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier PARIS/COPENHAGEN (Reuters) - Total is buying Maersk's oil and gas business in a $7.45 billion deal which ...
Herbalife Buyback, Icahn Pact Fuel Stock Surge in Blow to Ackman
Herbalife Ltd., struggling with regulatory changes that are pressuring its sales, ended talks that would have taken the the nutritional-supplement company private and simultaneously reached an agreement with billionaire investor Carl Icahn. Icahn, who has ...
Herbalife held unsuccessful sale talks
Herbalife says that it was in talks to be acquired and taken private, but that those negotiations ended last week. The nutritional supplement company said Monday that in response to those talks, it is selling $600 million worth of its shares to existing ...
ADP Rejects Ackman's Nominees Setting Stage for Proxy Fight
Automatic Data Processing Inc. rejected activist investor Bill Ackmanís nominees for the board of directors, saying his candidates are no improvement on the current board and setting the stage for a proxy battle at the payroll and human resource ...
Warren Buffett's Berkshire Hathaway has been outbid for Oncor
Berkshire Hathaway CEO Warren Buffett during the Berkshire Hathaway annual meeting weekend in Omaha, Nebraska, on May 7. REUTERS/Rick Wilking Sempra Energy said it would buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp., which ...
Teslaís junk bond issue is already trading underwater
Just one week after Tesla Inc.ís much-ballyhooed $1.8 billion bond issue and the notes are trading underwater, leading some to question the pricing of the deal. The 5.3% notes due 2025 last traded at 97.50 cents on the dollar, according to MarketAxess ...
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