Pinnacle Foods Inc. – the owner of the Birds Eye and Mrs. Butterworth’s brands, would be acquired by Conagra Brands Inc., announced the later on Wednesday. The deal would be a cash-and-stock one with a valuation of the company at little over $8 billion. The deal would potentially have an implied per share deal price…
It is most likely that a male would be sitting behind the wheels when one orders a taxi in most parts of the world. That perception is being attempted to be change by the Uber’s rival in the Middle East – Careem. And that too in a society that is amongst the more conservative in…
Banks in UK have not been able to ready themselves yet for a “no deal” Brexit and hence they should act now so that they would be able to avoid risking the stability of the financial system, says the European Union’s top regulator. The preparation of the banks for an eventuality where the UK does…
With the strategy of focusing on a smaller group of core businesses and reducing its debt load, General Electric announced the spin off of its healthcare division and its stake in the oil services firm Baker Hughes. With this move, the company brought an end its efforts at simplification of the large structure of the…
More than $6 billion is hoped to be raised by selling shares in a stock market listing in Hong Kong next month by Xiaomi – amongst the leading smartphone makers of the world. The planned value of the listing was announced by the Chinese tech firm on Saturday. The value is lower than the $10…
In its push to accelerate its venture in the industry segment of battery-powered vehicles, the German sports car brand Porsche acquired a 10 per cent share in Rimac Automobili which is a Croatian manufacturer of electric supercars and components. “Rimac has impressively demonstrated its credentials in the field of electromobility,” Lutz Meschke, finance chief for…
After YouTube faced severe criticisms from bloggers and because of enhanced competition from rival platforms and apps, the social media platform is not adding more methods of making money for video-makers. A large number of video-makers have been complaining with the platform that the changes that have been brought to the advertising policies of YouTube…
It was three years ago that a surge of refugees threatened to overwhelm the European Union. And now the arrival of migrants into Europe is again causing a political crisis. EU leaders are considering on an urgent basis the revamping of the stalled asylum system of the block even though the number of refugees now…
For the first time in its history, financial results were published by French fashion group Chanel this week which showed the credentials of the brand as the largest fashion brand in t world in terms of rale revenues and profit – both of which showed strong growth in 2017. The privately-owned company has always kept…
Harley Davidson and the likes has been excluded in the list of American products that India is planning to impose tariffs on. Apples, walnuts and some chemical and metal products are among the American products that India wants to impose retaliatory tariffs on, the Indian government confirmed this week. The tariffs will take effect on…
