Word: acquiree
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China's largest companies are beginning to take center stage as the and most asset-rich corporations in the world. The market cap of PetroChina (PTR) recently passed Exxon Mobil (XOM) making it the most valuable company traded on any stock exchange. That gives it the option of using cash...
The arrest of four alleged terrorism plotters in the Riverdale section of New York City was the culmination of a painstaking 10-month FBI investigation. Each of the four men is charged with one count of conspiracy to use weapons of mass destruction within the U.S., which carries a maximum...
The Harvard College Library will no longer acquire print copies of a large number of journals where online subscriptions are available. This measure will allow HCL to redirect funds to other parts of the collections.
This deal seems to be yet another sign of how hard the global automotive industry has been hit by the recession. The news of the Porsche-VW merger follows the announcement earlier this week by Italian carmaker Fiat that it wants to acquire U.S. automaker Chrysler, which the U.S. government...
Unable to force Piech to give in, Porsche seems to have just run out of time. Its gambit to acquire VW cost Porsche dearly as it piled up a $12 billion mountain of debt to finance stock purchases. With the sports carmaker beginning to struggle under the weight of that...