Germany's Bertelsmann (BTGGg.F) said on Monday it would take full ownership of Gruner + Jahr, publisher of magazines including Stern and Brigitte, as the German media conglomerate looks to speed up a late push into digital media.
Sectors
Rio Tinto rejects Glencore merger approach amid iron ore slump
Rio Tinto (RIO.AX) rejected a merger approach from smaller rival Glencore Plc (GLEN.L) to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, hit a five-year low.
Facebook's WhatsApp acquisition now has price tag of $22 billion
Facebook Inc (FB.O) closed its acquisition of mobile messaging service WhatsApp on Monday, with the final price tag rising an additional $3 billion to roughly $22 billion because of the increased value of Facebook's stock in recent months.
CrossClick Media Taps Clinton and Obama Campaign Call Center Veteran
CrossClick Media, Inc. (PINKSHEETS: XCLK) announced today the Company's management has retained Mr. Herschel L. Younger, a Call Center professional and a veteran of both Hillary Clinton senatorial campaigns in New York and both President Barack Obama's presidential campaigns.
Herbalife hires former U.S. regulator to head compliance team
Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as its chief compliance officer.
Latest News
Japan's largest recruitment company Recruit Holdings priced its initial public offering at 3,100 yen on Monday, the top of its bookbuilding range, showing confidence in investor demand for the $2 billion listing.
Euro Disney (EDLP.PA) said on Monday it had agreed a 1 billion euro funding deal backed by its largest shareholder, the Walt Disney Co (DIS.N), which includes a share sale and a debt restructuring, to allow it to invest in the business.
UK-based BT Group PLC could take until beyond the current financial year to return to the consumer mobile market, due to technical problems, the Telegraph reported.
An unusual disconnect has emerged in the U.S. oil market, with headline futures slumping to levels below $90 a barrel even as traders in the physical crude market report surprisingly robust demand and strong pricing.
Silicon Valley stalwart Hewlett-Packard Co, which has struggled to adapt to the new era of mobile and online computing, plans to split into two companies as it looks to put more focus on the faster-growing corporate services market, according to a Wall Street Journal report on Sunday.
Facebook Inc plans a stricter review of requests to access information on its 1.32 billion active users after a psychological experiment on unwitting users in 2012 created a furor on social media.
The Russia-led South Stream undersea gas pipeline is still going ahead, Energy Minister Alexander Novak was quoted as saying on Saturday, following concerns the European Union might be losing enthusiasm for the project.
Shares of Yodlee Inc (YDLE.O), which is backed by private equity firm Warburg Pincus [WP.UL], rose about 45 percent in their debut, valuing the provider of software to financial companies at nearly $500 million. The company raised about $75 million after its initial public offering was priced at $12 per share, the mid-point of its expected range of $11-$13 per share.
Daimler has struck a cooperation deal with Nissan Motor Co. on transporter vans, deepening a strategic alliance between the German and Japanese automakers.
