Rupert Murdoch, the multimedia mogul, made an unsolicited bid on Tuesday for Dow Jones & Co., publisher of The Wall Street Journal. His bid, however, was rebuffed within a matter of hours. The Bancroft family, which owns more than 50 per cent of the...
If you are a chocolate lover then you would certainly not love this piece of news. As per reports it is expected that prices of cocoa would jump by fifty percent and that would surely affect the final price of chocolate bars. Investment bank Fortis...
Bancrofts and Dow Jones' board have paid the price for trying to hold on to their prized possession, Dow Jones. A shareholder class action lawsuit has been filed against them in the Supreme Court of the State of New York, for rejecting the takeover bid.
The share prices of the British music band EMI saw an increase of 8 percent (18-1/4 pence to 245-3/4p) as the group confirmed that it had received a number of takeover bids yesterday. This came after a section of British media reported the appointment..
European news companies saw a hike in their share prices after the Reuters Group confirmed on Friday that had got an initial bid for takeover. Though, the media giant refused to name the bidder, the Globe and Mail newspaper of Canada, on its...
Barclays Bank is cutting 1,100 permanent employees, along with 400 contract workers and 200 temporary staff over the next three years at its offices in Poole, Dorset as part of an efficiency drive. It currently employs 2,500 people with 1,900 regular.
The Communication and Workers Union (CWU) rejected Royal Mail (RM) latest offer, and warn for national strike. Royal Mail offered 2.5 percent increments for its 130,000 postal workers, but they choose ballot on proposal.
Ballot papers will be...
It will probably use all this money to fund Reuters deal (proposed). But, I think I'm telling the story all wrong. So starting from the top, Thomson Corp. has agreed to sell its education business for $7.75 billion (£3.7bn), in cash. The Canadia
China's money supply growth exceeded the government target for a third month and lending accelerated along with a drop in household deposits has consequently mounting pressure on the central bank to raise interest rates. Annual growth in China's...
Shares in China's Bank of Communications highlighted the current Chinese penchant for new listings on Tuesday. Having an initial offer price of 7.9 Yuan, the shares shot up by nearly 71 per cent to close at 13.54 Yuan, at the end of days trading....
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