Exits

San Francisco Proposes New Regulation for Grocery Stores to Give Ample Notice Before Shutting

A lawmaker's proposal would require San Francisco grocery stores to provide six months' notice before closing and to look for a replacement supermarket.


Universal Music Group Announces Job Cuts After TikTok Deal Talks Fail

Universal Music Group (UMG) announced Wednesday that it would reduce its workforce and streamline operations to save €250 million ($27 million) by 2026...

Polymetal International Sells Its Russian Assets to Siberian Gold Miner for Nearly $3.7 Billion

Polymetal International announced on Monday that it agreed to sell its Russian assets to a Siberian gold miner for approximately $3.7 billion...

Italy Formally Withdraws From Belt and Road Agreement With China

Italy has officially informed China that it is withdrawing from the Belt and Road Initiative (BRI), marking a significant shift in its international economic alliances...


Latest News

Volvo to divest its machine rental business to Platinum Equity for USD1.1 billion
Volvo AB has entered into a definitive agreement to divest its construction-equipment rental business Volvo Rents to Platinum Equity in a SEK7.2 billion or USD1.1 billion debt sale deal.
Russia's Rostelecom may sell up to USD1.4 billion in 2014 -report
Russian state-controlled telecom firm Rostelecom could sell up to RUB46 billion (USD1.4 billion) worth of shares in a secondary stock offering next year to help cut its debt.
Australia's Ampella gets USD40.9 takeover bid from Centamin
Gold miner Centamin Plc has announced a USD40.9 million takeover offer for Perth-based mining firm Ampella Mining Ltd, in a deal that values Ampella shares at USD0.16 apiece.
UK bank Lloyds offloads final stake in St. James's Place
UK-based lender Lloyds Banking Group PLC is offloading its remaining 21% stake in the investment firm St. James's Place for GBP95 million after progressively selling its stake down.
No decision yet on GM Holden's exit in Australia
General Motors Co has not yet arrived at a decision on whether to exit manufacturing in Australia but said government help would be needed for its long-term survival.
Australian energy firm Ambassador exits gas field stake for $42.5M
Australia-based energy company Ambassador Oil and Gas Ltd has sold its 52.5% stake in South Australia's Cooper Basin, a potential gas field, to New Standard Energy Ltd for USD42.5 million.
US Govt exits final General Motors stake
The US government has finally sold its last remaining stake in General Motors, the largest automaker in the US in terms of sales, according to a Financial Times report.
ValueClick to sell Owned & Operated Websites unit to IAC
ValueClick, Inc. today announced that it has agreed to sell 100 percent of its Owned and Operated Websites (O&O) segment to IAC.
Adobe exits lucrative licensing unit over prospects in $67.3B cloud market - report
Adobe Systems Inc and other major software providers like Microsoft Corp and SAP had to shift its priority to cloud software after experiencing lackluster sales in their hardware-dependent software pr
Pioneer Investments recommends trimming of US equities holdings
Giordano Lombardo, the Group Chief Invesment Officer of Pioneer Investments, said investors should consider pruning their US equities holdings as the economy shows signs of improvement, according to a
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