Yahoo's USD 1 billion convertible bond offer and USD 5 billion stock buyback authorization was made to protect the company's stock price, writes Stephen Gandel on Fortune's Term Sheet.
Firm Management
Wal-Mart challenges Amazon's dominance in Cyber Monday
Wal-Mart's online business had reduced the minimum amount of shopping orders online for Cyber Monday from USD50 to USD35, which is just about the same figure of minimum number of shopping orders at Amazon.
Accounting firm regulator see deficiencies in Deloitte for the second time
Although accounting regulator the Public Company Accounting Oversight Board (PCAOB) said Deloitte Touche Tohmatsu Limited failed to correct its irregularities in its audit work seen in 2009, it lauded the accounting firm for making efforts to rectify irregularities found by the board during its review in 2010 and 2011.
Zanox purchases Metrigo
Zanox, a performance advertising network has purchased Hamburg, Germany-based performance display provider Metrigo for an undisclosed sum. Originally, Metrigo was a portfolio company of Berlin-based company builder Project A Ventures.
Basic-Fit raises EUR 110 million in venture round funding from 3i Group
Basic-Fit, a Netherlands-based discount fitness operator receives a venture round funding worth about EUR 110 million from the 3i Group PLC. Now with an enterprise value of EUR 275 million, this round would help Basic-Fit further into their domestic and international rollout plans.
Latest News
Google Inc is looking for ways to use prescription lenses for its Google Glass design. Efforts are in place to keep them from not just becoming another niche products for nerds.
J.C. Penney was dropped from the Standard & Poor's 500 index after losing more than half of its market value this year alone. Its downward spiral began during a failed transformation under former CEO Ron Johnson, who was fired last April after 17 months in the job.
The Board of Directors of global hospitality and travel firm Carlson has given its approval for the evaluation of strategic alternatives for American casual bar and grill TGI Fridays Restaurants.
Time Warner Inc moved another step closer to spinning off its magazine assets as Time Inc, the publisher of People, Fortune and the eponymous newsweekly Time, filed with regulators on Friday to list itself as a standalone company.
The government of Brazil divested its ownership stakes in two major airports to groups of multiple buyers as part of its strategy to improve the country's infrastructure in time for the World Cup.
The government of Finland would be opening a junk bond market to attract investors who are interested to gain higher yields in the best-rated nation in the Euro Zone.
The three-person management team of private limousine service Uber had severed ties with the company six months after the car service company launched its services in the capital of Germany.
German enterprise software group SAP announced on Friday that it was debating internally whether to accelerate moving more of its business to the cloud, a quick change in its overall strategy that could have a small impact on its target to grow sales to more than EUR20 billion.
Automattic, a Wordpress hosting company would be facing claims via its lawyer Paul Sieminski with regard to fraudulent uses of the Digital Millennium Copyright Act (DMCA).
