Hulu appoints Andy Forsell as Interim CEO pending decision by Disney and News Corp on future of the website.
Consumer Electronics
Member of Ackman's Fund Seek More Information
Ackman's investors seeking clarifications on investments in JC Penney and Herbalife. Two of the institutional investors comprising William Ackman's US$12 billion hedge fund are planning to ask more information on the investment made in beleaguered retailer JC Penney.
AT&T addrsseses rumors on sale of non-core assets
AT&T puts to rest speculations on the sale of its non-core assets. AT&T announced last Thursday that it would be selling off its non-core assets in order to gain additional financial flexibility.
Drake to be purchased by McKee Foods
Hostess brand Drake's to be bought by McKee Foods. Bankrupt snack cake icon Hostess Brands Inc announced that its Drake's snack cake subsidiary would be purchased by McKee Foods Corp.
DirecTV ends chase for Vivendi's GVT
DirecTV withdraws from race to buy Vivendi's GVT. The largest American satellite television provider, DirecTV, has ended its chase of Vivendi's GVT.
Latest News
Fisker Automotive founder resigns from company bearing his name. Henrik Fisker, the founder and executive chairman of Fisker Automotive, has quit his company.
Dean Metropoulus front runner to purchase the iconic Hostess brand. Dean Metropoulus is a giant in the food industry business but not a household name yet, though this may change upon his purchase of iconic snack cake brand Hostess.
Reliance Games expands into Korean and Japanese markets with acquisitions. Reliance Games is the mobile gaming subsidiary of Reliance Big Entertainment Pvt Ltd.
Walmart's ASDA to bid for beleaguered HMV. According to reports from the Telegraph, ASDA, the British division of US's biggest retailer Wal-Mart Stores Inc is contemplating a bid proposal for HMV, the former music retailer.
Qantas moves forward with Emirates. Qantas, the Australian airline has discontinued its partnership with its associate airlines even if the final approval for its new association with Dubai's Emirates is still awaiting confirmation.
EMC and VMware venture into Pivotal to maximize asset potential. Software giant VMware Inc has projected revenue growth in the high 20's by year 2016 as its parent company EMC Corp announced a new revenue target.
Samsung's offer to purchase copier and printer unit declined by Sharp. Sharp Corp has declined an offer by Samsung Electronics to purchase its copier and printer unit.
Swedish companies for sale show market waking up after sluggish end to 2012. The first round of bidding for Hilding Anders of Sweden as well as SF cinema chain is to end this week.
Emirate to float sukuk bonds. Dubai's flagship carrier is eyeing to release a 10-year amortising Islamic bond this week following their early price discussion on the deal.
