Switzerland-based company Nestle has recently signed a treaty with one of its biggest competitors: Starbucks Corp. Nestle will be paying $7.15 billion in cash for the Starbucks business, which has…
Hasbro Inc., a leading toymaker, took a hit last quarter when Toys R Us US declared bankruptcy and liquidated its operations, only to rebound when CEO Brian Goldner reassured shareholders…
In January of 2018, JANA Partners LLC and the California State Teachers’ Retirement System, which collectively own about $2 billion in value of shares of Apple Inc., wrote an open…
Fendi has just named a new chairman and chief executive, Serge Brunschwig. This is part of an internal reshuffle as he replaces Pietro Beccari, who will now be the Chairman…
Netflix has hit the $100 billion mark for the first time. Shares jumped 9% to over $248 in after-hour trading on Monday. The company now sits with their program in…
The U.S. media company Meredith Corp it will be buying Time Inc. for a $1.84 billion all-cash deal. When this deal goes through, the Meredith and Time brands will then…
800 employees of Caterpillar Inc. are going to lose their jobs soon when the Aurora, Illinois plant closes. As Lisa Miller, the Caterpillar spokeswoman explained to Reuters, “Out of about…
In a fascinating move worth watching, Italy’s Luxottica and France’s Essilor have agreed to a merger deal worth 46 billion euro ($49 billion). This deal should create a powerhouse in…
In an interesting move towards partnership, Steven Spieldberg’s Amblin Partners is joining forces with Alibaba Pictures Group Ltd., the film studio section of Alibaba Group Holding Ltd. They plan to…
GlaxoSmithKline has chosen Emma Walmsley, head of consumer healthcare, as its new chief executive. Both internal and external candidates were considered for the position. Walmsley first joined GlaxoSmithKline in 2010…
