Alcoa Inc. reported better-than-expected performance this season. Alcoa Inc. , the largest aluminum producer in the US, reported earnings that surpassed financial analysts' estimates after its unit that provides essential components to power and aerospace companies had a better-than-expected performance.
Corporations
Tesla to transfer from NYSE to NASDAQ by Next Week
Tesla Motors is set to transfer from the NYSE to the NASDAQ while Oracle Corp. does the opposite. The best-performing car manufacturing stock this year, Tesla Motors Inc.
Bidders In A Race To Buy Hulu
Three bidders in a race to purchase Hulu Hulu attracted three bids worth over US$1 billion from interested companies. The bidders include the partnership of AT&T and Cherin Group.
LVMH To Buy Control of Loro Piana
Last Monday, LVMH announced an 80% acquisition deal of Loro Piana priced at Eur2 billion. On Monday, LVMH said that it has acquired 80% of Loro Piana, an Italian luxury cashmere clothing brand.
Starboard Acquires 6.9% Stake in Emulex
Starboard announced that they were able to acquire a 6.9% stake in Emulex Starboard Value LP announced that they acquired a 6. 9% stake in Emulex Corp.
Latest News
Yanzhou of China offered to buy the remaining shares that they do not yet own in coal mining company, Yancoal
The shareholders at Clearwire approved the buyout bid from Sprint Nextel to acquire more than 49% of the company that it does not own on Monday.
Chief Executive Officer for Barnes & Noble William Lynch resigned on Monday after failure to lead the US bookstore chain to compete against Amazon.com and Google Inc in the online market.
In its bid to enhance the services it provides, Accenture buys Acquity Group Ltd for US $316 million
Leading cloud computing solutions acquires company known for identity and access management. EMC Corp. announced the acquisition of Aveksa Inc. , one of the leading companies in identity and access management (IAM) for businesses.
Fiat's Chief Executive verifies that talks are still ongoing over Chrysler buy out. Sergio Marchionne, Chief Executive of Italian carmaker Fiat, has confirmed that negotiations to buy the 41.
The oil and gas company released convertible notes worth US $1.905 million to fund project in South Australia.
LVMH takes over majority of Loro Piana for US $2.57 billion LVMH Moet Hennessy Louis Vuitton agreed to buy 80% of Loro Piana SpA, one of the premier textile producers in Italy, for US $2.
Friendly's Ice Cream LLC takes over the American-themed company, which has over 300 corporate and franchises.
