Starboard To Yahoo: Alibaba Spinoff Carries Too Much Risk
Nov 19, 2015 09:35 am UTC| Business
Activist investor Starboard Value LP is suggesting Yahoo not to pursue the spinoff of its stake inthe Chinese e-commerce giant Alibaba Group HoldingLtd., The Wall Street Journal reported. Citing a recent letter sent by...
Morrison blocks Chinese acquisition of historic Kidman cattle empire
Nov 19, 2015 00:37 am UTC| Business
Michelle Grattan, Professorial Fellow, University of Canberra Treasurer Scott Morrison has blocked Chinese attempts to purchase the vast Kidman empire - which amounts to 1.3% of Australias total land area saying it...
Lyft To Reach $1 Bln Annual Revenue Mark?
Nov 18, 2015 10:34 am UTC| Business
Lyft, a privately held American transportation network company and Uber Technologies biggest rival in the U.S., hopes to reach the $1 billion mark in gross annual revenue, the companys co-founder John Zimmer told...
Angie’s List Declines IAC’s Acquisition Offer
Nov 18, 2015 06:08 am UTC| Business
Angies Listannounced on Tuesday that on the basis of unanimous decision of its Board of Directors, it has decided not to pursue the unsolicited proposal fromIAC/InterActiveCorp to acquire the Company. According to the...
Walmart To Sell Android Smartphones For USD10 Each
Nov 17, 2015 23:32 pm UTC| Business
US retailer Walmart is apparently selling two Android smartphones at ten dollars each. ZDNet reports that the incredibly cheap smartphones made by phone maker LG, the LG Sunrise L15G and LG Lucky LG16, can do more than...
Icahn Swaps eBay Shares For PayPal Stake
Nov 17, 2015 16:59 pm UTC| Business
A filing with the US Securities and Exchange Commission revealed that the billionaire activist investor sold his 46.3 million shares in the e-commerce platform in exchange of snagging the same number of shares in the...
British brewers are toasting a golden age – but will it all go flat?
Nov 17, 2015 13:59 pm UTC| Insights & Views Business
Paul Kirkham, Researcher in Entrepreneurial Creativity, University of Nottingham The traditional world view of the British pint is of something warm, flat and rather unpleasant. But the recent signing of a...