Department of Justice filed lawsuit against ValueAct Capital last week, related to Halliburton and Baker Hughes merger. Meanwhile, ValueAct on Monday claimed no wrongdoing and will defend its position.
Deals
Stocks Go High for Energy and Financial Sectors
US Stocks movement made a major change in the Energy and FInancial sector. Recent reports and stock release shows that major U. S. stock indexes gained on Wednesday, increased by financial shares while encouraging economic data and by the energy sector as oil prices surged to June highs.
Voters Rejects Farc Peace Deal During Columbia Referendum
In Columbia, the president and the farc laeder signed a deal. But the result of the vote shocked the president because it revealed that many opposed to the said agreement.
Russia Pauses US Weapons-Gade Plutonium Deal
Russia had to suspend its treaty and arrangement with US Weapons-Gade Plutonium Dea. This is due to some illegal breaches made by US, Russia claimed.
U.S. Pursues Diplomatic Talks with Russia to Stop Bloodshed in Syria
Upholding diplomacy, US starts peace talks with Russia over Syria Attacks. Now emphasizing diplomacy, the Obama administration has just withdrew its cooperation with Russia over Syria wars.
Latest News
McCormick will no longer acquire Premier Foods as it cannot provide the offer acceptable to the latter. Due to failure of the said talks, Premier was left to "fend for itself" for the company's success while seeking alliance with Japan's Nissin Food Corporation.
European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.
The decision was announced on Tuesday. California administrative law judge recommended to approve acquisition of Time Warner Cable by Charter Communications with significant conditions.
The acquisition of Greybull Capital of Tata Steel's UK long product business will save thousands of jobs and was accepted by the steelworkers after two years of uncertainty.
Dell is mulling over an initial public offer (IPO) for its recently acquired SecureWorks. Dell is also planning to spin off SecureWorks after the IPO which is expected to enhance the valuation of SecureWorks from $154.9 million $1.4 billion.
Tom Rutledge has met FCC chairman Tom Wheeler last week to talk the acquisition. As the merger has already been past its late March informal deadline for approval.
Investments in Chinese tech companies had a 50% surge in the first quarter of 2016. Nevertheless, many of the investments were spent in the big startups.
The company called off the acquisition of Allergan after the U.S. Treasury issued the rule preventing the deal. Nevertheless, Chief Executive Officer Ian Read still has the investors support.
Pfizer and Allergan will have to scrap the merger deal following the new regulation from Treasury Department to stop the U.S. company moving overseas.
