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.
Investors
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.
Nissan Plans to Revive the Datsun
Nissan has completed its plans to revive the Datsun, whose operations previously ended in the 1970's.
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.
Buffet gave around 17.5 million Class B shares to the Bill and Melinda Gates Foundation. Warren Buffett has contributed a record US$2 billion to the Bill and Melinda Gates Foundation.
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 $1.905 million to fund project in South Australia.
The data server company clinched a deal with Summit Partners to fund its expansion. Real-Time Big Data Server company WebAction, Inc announced that it has clinched an US$ 11 million financing for research and development expansion, sales and marketing investment increase and other business expansion endeavors.
