The recent decision by Wendy’s International Inc.’s board to consider selling the company clearly indicates that investors are growing impatient with the company’s turnaround plans. The Dublin based company has recently revealed that its board formed a special committee of independent directors to examine all strategic options for Wendy’s. The firm further said that the [...]
The Securities and Exchange Commission is contemplating recommending a civil enforcement action against a unit of Britain’s Barclays PLC for debt trading that was done while employees served on bankruptcy creditors’ committees. The information was revealed by a March securities filing by Barclays and a lawsuit filed in federal court in New York. The SEC [...]
The company selling Barbie dolls now wants to be a part of the web world. Mattel has now unveiled a site called BarbieGirls.com where children can log on and use their creativity for creating virtual characters and even create customized clothes. The company also has plans for unveiling a Barbie inspired handheld MP3 music player [...]
GE now is looking to capture a share in the UK nuclear market. For this purpose it is looking to build a fleet of new nuclear power stations in UK and has written to the government stating that it would be competing for plants in the country. This has come as a surprise to nuclear [...]
In the middle of growing concern and disenchantment among investors that private-equity firms are buying public companies on relatively cheap prices in order to sell them off later at a heavy profit, two of the biggest buyout players have skilled out innovative deal that offers shareholders a piece of the attractive offer. Kohlberg Kravis Roberts [...]
Microsoft posted a 65 per cent increase in its quarterly profits easily beating Wall Street expectations. Buoyant sales of Windows Vista, the latest OS from the company, were the main reason behind company’s good performance. The software giant posted net profits of $4.93 billion in the three months ending on March 31. This figure stood [...]
Edward Whitacre Jr., who built the company into the largest US provider of telephone services, announced unexpectedly on Friday that he will retire as chairman and chief executive in June. Randall Stephenson, the 47-year old chief operating officer of AT&T, was chosen on Friday to succeed Edward Whitacre as chairman and chief executive of the [...]
Here is something for the poor too. A $1-a-month investment plan has been launched by Prudential for targeting more than six hundred million poor people in India who cannot purchase financial services products. This plan will be offered in partnership with an Indian microfinance institution. The minimum investment for this plan would be fifty Indian [...]
ABN Amro’s management faced attacks on two fronts at the same time as a Royal Bank of Scotland-led consortium sought to mount up the pressure on the Dutch bank ABN Amro yesterday by formally notifying it of a possible hostile bid in a week’s time. It comes as the shareholder association VEB prepares an attempt [...]
General Electric Co., the world’s second-largest company by market capitalization after ExxonMobil, should spin off its NBC and GE Money units and its real estate assets to unfasten value in the core company, Citigroup analyst Jeffrey Sprague said on Friday. Jeffrey Sprague further said in its report that a series of big divestitures would turn [...]
