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Buyout Firms being Targeted by McDonald’s for Sale of its North Asia Stores

For its planned sale of 2,800 restaurants in North Asia, McDonald's Corp is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) reported Reuters citing sources.   By planning to bring...

January-March Profit for LG Electronics Tipped to be the Best in Nearly Two Years

With earnings apparently lifted by healthy appliance sales and falling television panel prices, South Korea's LG Electronics Inc said that its first-quarter operating profit likely rose 66 percent which points to its best quarter in nearly two years.   The company expects a first-quarter...

Yahoo Bid Hots up as Daily Mail Parent Enter Talks with Private Equity for Bid

Eyeing a plan to buy the troubled U.S. Internet pioneer to help boost advertising revenues from the Mail's globally popular online news site, Britain's Daily Mail is in talks with potential partners to mount a joint bid for Yahoo's internet assets.   It was in early stage discussions with...

Appeal for Bankruptcy Filed by Teen Retailer Pacific Sunwear

Succumbing to mounting losses and intense competition from fast-fashion retailers and online rivals, teen apparel retailer Pacific Sunwear of California Inc filed for Chapter 11 bankruptcy protection on Thursday.   The company said in a statement that it plans to be taken private by...

U.S. EXIM Paralysis Puts Sale at Risk says Boeing CEO

Flagging an issue that also affects General Electric and other U.S. companies that depend on the agency's export financing, Boeing chief executive said that a delay in appointing U.S. Export-Import Bank board members threatens to cost Boeing Co sales.   Boeing Chief Executive Dennis...

As Much as 14% of Workforce to be Cut by Nokia following Alcatel Deal

As part of a plan to save more than $1 billion annually following its merger with networking hardware rival Alcatel-Lucent SA, Nokia will reduce as much as 14 percent of its workforce and would be cutting jobs across the globe.   There were reports in the media quoting people familiar with...

BP Oil Spill Settlement Approved at $20 Billion by US Judge

Resolving years of litigation over the worst offshore spill in the US history, a federal judge in New Orleans granted final approval on Monday to an estimated $20 billion settlement over the 2010 BP oil spill in the Gulf of Mexico.   $5.5 billion in civil Clean Water Act penalties and...

The Rockefeller Family Fund to divest from fossil fuel ASAP

In 2014 itself the Rockefeller Brothers Fund (RBF) had divested from fossil fuel. The Rockefeller Family Fund has stated Exxon Mobil Corp has misled the public and its shareholders on the risks of climate change. The Rockefeller Family Fund has stated the Exxon Mobil Corp has misled the public...

SEC clamps down on Exxon Mobil

In its ruling the SEC has said Exxon Mobil must adopt a climate change resolution in its next shareholder’s meeting in May this year. In what has been seen as a sign of defeat for the world’s biggest publicly traded oil producer, the Securities and Exchange Commission (SEC) of the United States has...

Office Depot Staples merger facing heat from Amazon

The court proceedings could drag on for two more weeks. The proposed merger of Office Depot Inc. with Staples Inc. got a little more complicated with an executive from Amazon providing testimony which bolstered the existing wariness of U.S. regulators a propos this deal.   Last year the U.S....

Third party provides possible way out of the iPhone encryption imbroglio

Government prosecutors have now said a third party will help the FBI gain access to the San Bernardino shooter’s iPhone. On its part Apple said it hoped the government would share the new discovery. However, if the government were to drop the case against Apple, it will be under no compulsion to...

Foxconn’s deal with Sharp does not materially impact Samsung’s business

Samsung does not see any material impact in its business arising out of concerns from Foxconn’s takeover of Sharp Corp, a manufacturer of display boards. As per a senior Samsung executive, the electronic manufacturing giant does not perceive any significant threat to its television business in the...
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