Honeywell International Inc.'s board of directors has approved the buyback of as much as $5 billion in stock. The American conglomerate has 784.7 million shares outstanding and a market value of $67.7 billion.
Archives
Liquor giant Remy Cointreau eyes joint venture with India's Nashik Vintners
French alcoholic beverages company Remy Cointreau looks to form a partnership with India's largest winemaker Nashik Vintners Pvt. Ltd. Remy and Nashik Vintners are expected to launch an India-specific brand through the joint venture.
Facebook CFO David Ebersman raises $26.6 million in another share sale
Facebook chief financial officer David Ebersman early this week sold 532,400 shares in the social networking company at an average price of $50 per share. Ebersman reportedly raised $26.2 million in the deal.
Merger with Sysco endangers US Foods' Seabrook, NH expansion plans- report
The merger of US Foods with Sysco has spoiled the plans for a $62 million US Foods expansion project in Seabrook, New Hampshire, a report said.
Google acquires robotics company Boston Dynamics
Google Inc. on Friday announced that it had completed the purchase of engineering and robotics company Boston Dynamics. Boston Dynamics is the eight robotics firm that the Internet giant has acquired in the last half-year.
Latest News
The Louisiana Sheriffs' Pension and Relief Fund sued IBM for its cooperation with the National Security Agency over a spying program that allegedly hurt investors, Bloomberg reported.
Coca-Cola Co's decision to split its bottling division and franchising unit had elicited mixed reactions from analysts and the financial markets. Coca-Cola Co reasoned that it intends to go back to its traditional franchising model after the separation has been completed.
Hospitality Staffing Solutions said it had obtained approval from the court to sell its assets to HS Solutions Corporation. Financial details about the deal were not disclosed.
Intel Corp., the world's largest chipmaker, has put up for sale its Internet-based pay-TV startup OnCue. Telecom company Verizon Communications Inc. is said to be nearing a deal to acquire OnCue.
Energy firm American Energy Capital Partners will go public to raise $2 billion in funds that will enable it to acquire and drill oil and gas assets in the United States. AECP is managed by a firm created by ex-Chesapeake Energy Corp. chief executive officer Aubrey McClendon.
A Wall Street Journal report about a possible bid from rival Sprint Corp spurred the rise of T-Mobile shares, the largest increase since October 2012, Bloomberg reported.
Judge Katherine Forrest dismissed the lawsuit filed by investors led by two pension funds against UBS, which accused the bank of fraud regarding the latter's risk management practices, Bloomberg said.
Bidders William Morris Endeavor, ICM Partners and a consortium led by former News Corporation executive Peter Chernin are expected to submit their takeover offers for IMG Worldwide on Friday. New York Times said that William Morris will likely emerge as top bidder for the sports agency.
Dallas-based restaurant and arcade operator Dave & Buster's is looking to exit from the company through a sale or an initial public offering. Dave & Buster's is controlled by private equity firm Oak Hill Capital Partners.
