Masonry Layout

Bloomberg Athenahealth Inc. surged after activist investor Elliott Management Corp bid to acquire the medical company for $160 a share, saying executives had “failed to correct a host of operational issues.” Elliott, the New York hedge fund led by billionaire Paul Singer, said that it made an all-cash takeover offer, which would value Athenahealth at $6.46 billion. Athenahealth, which makes ...

Abu Dhabi / WAM Abu Dhabi Ports signed a 30 year concession agreement with Mediterranean Shipping Company (MSC), a Swiss-based leader in global transportation and logistics, to establish a new container terminal in the UAE located at Khalifa Port. The new terminal will benefit from Khalifa Port’s advantages as one of the region’s most technologically-advanced ports and one of the ...

Sharjah / Emirates Business Thirty-five Chinese publishing houses have visited Sharjah Publishing City (SPC), the world’s first free zone dedicated exclusively to the publishing industry, to explore investment opportunities and view the facilities on offer to organisations looking to either expand or enter into the regional market. The delegation was briefed about the free zone’s industry-specific services and amenities by ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chief Executive of Emirates Group, Chairman of Dubai Airports and Patron of Airport Show, on Monday opened the 18th edition of the Airport Show in Dubai. Opening the world’s largest annual aviation event, Sheikh Ahmed said that the contribution of the aviation sector ...

Dubai / WAM A Memorandum of Understanding (MoU) agreed by DP World, Egypt’s Holding Company for Maritime and Land Transport and the Suez Canal Authority is aiming to develop a new Inland Container Depot (ICD) in Egypt’s 6th of October City, a satellite town in the Giza Governorate and part of the urban area of Cairo. The three partners will ...

Bloomberg There’s no other company on Earth quite like Ant Financial. Spanning online payments, insurance, lending, credit scores, asset management and more, Jack Ma’s Chinese behemoth resembles a mashup of PayPal, Geico, Wells Fargo and Equifax — with a bit of BlackRock thrown in for good measure. Thanks to clever mobile apps and a burgeoning Chinese middle class, Ant oversees ...

Bloomberg China tried to strike a positive tone after Donald Trump’s trade negotiators left Beijing with no public sign of an agreement, reiterating that the US shouldn’t make unreasonable demands. State media over the weekend offered a somewhat positive assessment of the US trade talks, urging more negotiations while saying the Americans should be “rational and pragmatic.” And in a ...

Bloomberg Vladimir Putin was sworn in for the fourth time as president, promising Russians an “economic and technological breakthrough” and reappointing his long-serving prime minister amid the deepest standoff with the West in decades. Despite Putin’s rhetoric, there’s little appetite in the Kremlin for real changes, according to senior officials, as the growing tension with the US and European Union ...

Bloomberg Not long after US authorities filed sealed charges against Volkswagen AG’s old chief executive officer, they granted the new CEO a rare safe-passage deal. The Justice Department agreement allows Herbert Diess, promoted last month to lead the German automaker, to travel the world freely without fear of being arrested in connection with the US’s diesel-rigging investigation, according to two ...

Bloomberg German factory orders unexpectedly dropped in March and February was revised lower, confirming a weak start to the year in Europe’s largest economy and raising concern over the strength of the euro-area growth. Orders slid 0.9 percent, compared with a median estimate for a 0.5 percent increase in a Bloomberg survey. With February’s figure revised to minus 0.2 percent ...