The conglomerate had said in April that it was selling the bulk of GE Capital, the giant finance business that had long accounted for about half of its profit.
( SHEN ) in an all-cash deal valued at about $640 million, including net debt. The deal represents about a 60% premium over the company’s 30-day volume weighted average stock price as on August 7. It conducts its business through NTELOS-branded retail operations, which...
From 5.7 per cent GNPA levels and slippages of about ₹11,000 crore during the December 2013 quarter, the bank has been able to contain fresh slippages over the past few quarters.
Discount airline Allegiant Air pushed passenger traffic at Punta Gorda Airport up by 58% in July compared with the same month one year ago. “We look forward to making more vacations possible for even more people and to providing the community with a new, affordable way to...
Warren Buffett’s Berkshire Hathaway on Monday agreed to buy Precision Castparts for about 37.2 billion U.S. dollars, which would be the conglomerate’s largest takeover ever.
Microsoft will begin inviting users to test the new iOS and Android apps of Skype for Business, the enterprise communications software whose latest version was launched a few months ago.
While a weaker yuan will not cure all the ills of China’s exporters, which suffer from rising labor costs and quality problems, it would help relieve deflationary pressure, a far bigger economic concern in the view of some economists.