According to a Forbes news magazine report by contributor Peter Cohan, Western Digital's subsidiary HGST bought Virident, a flash storage supplier, for USD685 million in cash.
Firm Management
Jim Rohr exits PNC to join GE
Former PNC Financial Services Group Chairman and CEO Jim Rohr had left the company to join General Electric Co. and was succeeded by Bill Demchak.
Temasek Holdings appoints new co-head for China business
Temasek Holdings appointed Dr Wu Yibing as its new co-head for China business effective October 1, 2013.
Ford names new chief for US sales
Ford Motor Co. announced naming a new US sales chief after the retirement of its current executive effective November 1.
Sanofi could repurchase L'Oreal's stake
Analysts said Sanofi could buy back its L'Oreal shares with cheap debt to boost earnings. Sanofi Aventis' Chief Executive Officer said on Friday that repurchasing L'Oreal's 9% stake in the drugmaker might make sense.
Latest News
Renowned Middle Eastern scientist Hayat Sindi called for more investments in the field of science and technology to foster inventive spirit and innovation.
Sources told the Wall Street Journal that JPMorgan & Chase would be allocating USD 4 billion to strengthen its oversight controls.
McDonald's made a buyout offer to Vikram Bakshi as the giant fast food chain planned to effectively settle dispute between the two sides.
Walt Disney Co. announced its plans to buy back around USD6 billion to USD8 million stock starting 2014.
Shoppers Drug Mart's shareholders had cast an overwhelming vote in favor of Loblaw Co's buyout bid.
IBT Media appointed the new editor-in-chief after acquiring Newsweek from IAC/InteractiveCorp last month.
Tradeweb Markets announced signing an agreement to acquire BonDesk Group LLC. without disclosing the financial terms of the deal.
Lululemon Althletica Inc. announced the reduction of its annual profit forecast after the delays in getting new apparel limited its sales.
Rogers Communications had gone overseas in search of a new CEO to replace Nadir Mohamed who would step down from office on December 2.
