Bloomberg A Taiwanese manufacturer of components used in everything from smartphones to computers has turned into the world’s hottest stock amid surging demand for its products. Yageo Corp. has jumped more than 800 percent since the start of last year, the most among stocks on MSCI Inc.’s global gauge, to add $8.1 billion of value. The company, which makes capacitors ...
Read More »Japan’s Recruit buys jobs website Glassdoor for $1.2 billion
Bloomberg Jobs and salaries portal Glassdoor Inc.’s Chief Executive Officer Robert Hohman has a new boss. Japanese human-resources and consumer-information provider Recruit Holdings Co. has agreed to buy Glassdoor for $1.2 billion in cash. Through the tie-up, Recruit will gain access to the US website’s extensive cache of content such as employee reviews, while Glassdoor will seek to accelerate its ...
Read More »Vodafone’s $22bn Liberty deal to reshape European telecom
Bloomberg Vodafone Group Plc is shaking up Europe’s fragmented media and telecom market with an 18.4 billion-euro ($22 billion) deal to buy almost a third of Liberty Global Plc, part of a global push for scale as carriers face massive network investments and competition from digital players. With the acquisition of Liberty Global’s German and Eastern European units, Vodafone Chief ...
Read More »Disney’s Iger remains confident on Fox pact
Bloomberg Walt Disney Co.’s Robert Iger said he’s confident he can clinch a $52.4 billion deal for 21st Century Fox’s assets, despite the prospect of a bidding war against Comcast Corp. Disney’s chairman and chief executive officer said it’s “way too early†to speculate about the possibility of an auction for the assets his company agreed to buy in December. ...
Read More »Activist firm flays Tesla, seeks board rejig
Bloomberg An activist firm representing Tesla Inc. shareholders has excoriated the electric-car maker, claiming that it’s veered off the path to profit and urging a major overhaul of the Elon Musk-led board. CtW Investment Group, working with union pension funds that are Tesla investors managing more than $250 billion, opposes the re-election of three board members who are up for ...
Read More »Jazz Pharmaceuticals sets aside $57 million to settle DOJ probe
Bloomberg Jazz Pharmaceuticals Plc reached a tentative agreement with the Justice Department to settle a probe over its donations to charities that help people afford drugs, part of a long-running US investigation into drugmaker ties to such groups. In a securities filing, the maker of the costly narcolepsy drug Xyrem said it reached an agreement in principle in April for ...
Read More »AT&T hired Michael Cohen firm as it sought Trump ‘insights’
Bloomberg AT&T Inc confirmed that it hired a firm established by Donald Trump lawyer Michael Cohen, saying it was seeking “insights†around the time the new administration was inaugurated last year. The relationship came to light, when AT&T was cited by attorney Michael Avenatti as one of the parties that made payments to Cohen’s firm. Larry Solomon, a spokesman for ...
Read More »China should do what Trump says on trade
If you’re surprised that last week’s trade negotiations between the US and China achieved little, take a look at the laundry list of demands the White House foisted on Beijing. President Donald Trump wants China to slash the trade deficit; end cyber theft of US technology; eliminate regulations impeding access for American companies; cease subsidizing new high-tech industries; and more. ...
Read More »The big bang in Indian defense is delayed
India has millions of military personnel, billions of dollars in arms spending and grave threats on its borders, yet the nation doesn’t make its own fighter jets and anti-tank missiles. Is that a massive opportunity for investors? Not so fast. India has been striving toward defense self-sufficiency since the 1960s. The country has one of the world’s largest military budgets ...
Read More »Actually, Nestle’s Starbucks deal is buzz-worthy
Nestle SA may have found the right brew for perking up its US coffee business. The consumer-goods giant recently announced a $7.2 billion deal with Starbucks Corp. that allows it to market, sell and distribute the Seattle-based company’s packaged coffees and teas. It’s just the latest in a string of deals orchestrated by Nestle CEO Mark Schneider, who has been ...
Read More »