Search Results for: US
Alfa Laval Buys Norwegian Pump Maker Frank Mohn for $2.2 Billion
April 7th, 2014
Alfa Laval AB (ALFA) agreed to buy Norwegian pumpmaker Frank Mohn AS for 13 billion kroner ($2.2 billion) in cash to capture spending in offshore oil and gas drilling. The transaction will add sales of 3.4 billion kroner from ...
Stock experts say the bull isn’t dead yet
April 7th, 2014
Wall Street professionals are still optimistic about stocks, despite a very volatile start for the markets this year. The 26 investment strategists surveyed in the past week by CNNMoney have an average year-end target for the S&P 500 of ...
Apple, Nestle, NBCUniversal, Netflix: Intellectual Property
April 7th, 2014
Apple Inc. (AAPL), accusing Samsung Electronics Co. (005930) of misleading jurors at the start of a $2 billion trial over smartphone technology, lost its bid to show jurors how it uses three of five patents disputed in the case. ...
Vivendi Selling SFR to Altice in $23 Billion Deal, Hard-Fought Win for Drahi
April 7th, 2014
Billionaire Patrick Drahi’s Altice (ATC) SA won the bidding contest for Vivendi SA (VIV)’s French phone unit, beating a government-backed offer from Bouygues SA (EN) by agreeing to a deal valued at more than 17 billion euros ($23 billion). ...
NY bank regulator Lawsky seeks documents from Credit Suisse: source
April 7th, 2014
Benjamin Lawsky, New York’s financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland’s second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter. Switzerland’s private banking model ...
EU Enacts 10-Year Auditor Rotation
April 4th, 2014
The European Parliament today enacted new rules requiring public companies to change auditors after a maximum of 10 years. EU member countries can decide to extend the 10-year auditor rotation period for up to 10 more years if companies ...
CySec’s announcement
April 4th, 2014
The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform ASP’s (including ASPs whose application is still pending before CySEC) that: 1. Pursuant to article 11(1)(c) of the Law regulating Companies providing Administrative Services and Related Matters of 2012 (‘the ASP ...
New Zealand’s Fonterra fined over botulism food scare
April 4th, 2014
Dairy giant Fonterra has been fined $NZ300,000 ($256,675; £154,748) after it admitted four food-safety violations during a 2013 botulism scare. The scare led to a worldwide milk product recall and to several countries blocking imports of New Zealand dairy ...
European Stocks Advance as Investors Await U.S. Jobs Data
April 4th, 2014
European stocks advanced, posting their longest winning streak since October, before a report that may show the U.S. economy created jobs at a faster pace last month. U.S. index futures and Asian shares were little changed. Mediaset SpA advanced ...
An Old Formula May Overstate U.S. Oil Supplies
April 4th, 2014
Jan Arps is the most influential oilman you’ve never heard of. In 1945, Arps, then a 33-year-old petroleum engineer for British-American Oil Producing Co., published a formula to predict how much crude a well will produce and when it ...
