Industry
Investors Rejects Afren’s CEO Pay Deal
Eighty percent of Afren's investors were angered and voted against the company's renumeration report.
Deals of the Day - Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported on Tuesday:- Google Inc bought Israeli mapping startup Waze on Tuesday for just over $1 billion, a source familiar with the matter said, acquiring an online real-time mapping service to safeguard its lead in one of the most crucial aspects of smartphone usage.
Coda affiliates file for bankruptcy
Lio Energy Systems Holdings and Miles Electric Vehicle filed for Bankruptcy last May 1. Sales have been slow for the electric automobile company. The same mishap has been experienced even by industry leaders GM, Ford, Nissan, and Honda Motor Co, when despite their heavy investments still experienced slow sales from electric vehicles.
No deal for Severn Trent
The British water company refused negotiations before deadline of bid. (Photo : Reuters)The image is the corporate logo of Severn Trent Services. No new offer from the LongRiver consortium, until talks with the board will be pursued.