AIG Selling Their Mortgage-Guaranty Unit
The American International Group Inc. (AIG) has said that they will sell their mortgage-guaranty unit to Arch Capital Group Ltd. for approximately $3.4 billion. They believe they will get $2.2…
A Major Purchase: Microsoft Corp. and LinkedIn
Hang on to your hat, because Microsoft Corp. is heading towards buying LinkedIn Corp for $26.2 billion. The combination allows for software like Microsoft Word and PowerPoint to connect with…
Merging Communication Companies
Friday, the US Federal Communications Commission confirmed that they have voted to approve the acquisition of Time Warner Cable Inc. and Bright House Networks by Charter Communication Inc. This would…
Who Will Buy the Starwood Hotels & Resorts Worldwide Inc.?
This is a situation worth watching. China’s Anbang Insurance Group Co. has raised its offer to Starwood Hotels & Resorts Worldwide Inc. It now stands at almost $14 billion. The…
Viacom Inc. in Deal with Snapchat
The Wall Street Journal has recently reported that Viacom Inc. is extending its deal with Snapchat to sell advertising on the mobile app’s behalf. The deal is a multi-year one…
Yahoo Shake-Ups?
While Yahoo spokeswoman Sarah Meron will neither confirm nor deny the rumors, it looks like Yahoo Inc. is planning to cut its workforce by at least 10%. This percentage translates…
Alibaba Buys China’s YouTube
On Friday, Alibaba bought China’s “YouTube” for about $3.7 billion. Youku Todou needed this partnership with Alibaba, according to Summit Research analyst Henry Guo. The current Youku Tudou Chief Executive…
Winterkorn Stepping Down from other Posts
The former Volkswagen chief executive, Martin Winterkorn, will be stepping down as the head of Porsche Automobil Holding SE. Chief Financial Officer of Porsche SE, Hans Dieter Poetsch, has been…
Grab Avon Makeup While You Can
You might want to run out and buy your Avon makeup soon…and that’s because there is a chance that they are selling their North American business. Really. The Wall Street…
Tiffany & Co. Sales Fall
In a surprising development to many, Tiffany & Co’s quarterly sales fell for the first time in five years. Their sales are expected to decline even more as the strong…