14 January, 2015 by The TZ Newswire Staff Comments Off on Oil dips after big rally as oversupply weighs on market
Oil dips after big rally as oversupply weighs on market
Wednesday’s 4.5 percent surge in Brent crude futures (LCOc1), the biggest percentage gain since June 2012, came as traders covered themselves on expiring options. “We are again lowering our oil price forecast to reflect what will likely be an oversupplied market through at least the first half of 2015,” U.S. investment bank Jefferies International said on Thursday.
14 January, 2015 by The TZ Newswire Staff Comments Off on Oil dips after big rally as oversupply weighs on market
Oil dips after big rally as oversupply weighs on market
Wednesday’s 4.5 percent surge in Brent crude futures (LCOc1), the biggest percentage gain since June 2012, came as traders covered themselves on expiring options. “We are again lowering our oil price forecast to reflect what will likely be an oversupplied market through at least the first half of 2015,” U.S. investment bank Jefferies International said on Thursday.
14 January, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout – source
Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout – source
NEW YORK/SEOUL (Reuters) – Samsung Electronics recently offered to buy BlackBerry Ltd (BBRY.O) (BB.TO) for as much as $7.5 billion, seeking its valuable patents as it battles Apple (AAPL.O) in the corporate market, according to a person familiar with the matter and documents seen by Reuters. South Korea’s Samsung proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry’s current trading price, the source said on Wednesday.
14 January, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout – source
Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout – source
NEW YORK/SEOUL (Reuters) – Samsung Electronics recently offered to buy BlackBerry Ltd (BBRY.O) (BB.TO) for as much as $7.5 billion, seeking its valuable patents as it battles Apple (AAPL.O) in the corporate market, according to a person familiar with the matter and documents seen by Reuters. South Korea’s Samsung proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry’s current trading price, the source said on Wednesday.
14 January, 2015 by The TZ Newswire Staff Comments Off on Bank of America strikes deal to avoid activist resolution on chairman role
Bank of America strikes deal to avoid activist resolution on chairman role
In return for avoiding a vote on the resolution at its springtime annual meeting, Bank of America agreed to produce a report on its corporate culture and business practices, said Seamus Finn, chair of the Interfaith Center on Corporate Responsibility. Bank of America spokesman James Mahoney confirmed the deal with the activist group.
14 January, 2015 by The TZ Newswire Staff Comments Off on Bank of America strikes deal to avoid activist resolution on chairman role
Bank of America strikes deal to avoid activist resolution on chairman role
In return for avoiding a vote on the resolution at its springtime annual meeting, Bank of America agreed to produce a report on its corporate culture and business practices, said Seamus Finn, chair of the Interfaith Center on Corporate Responsibility. Bank of America spokesman James Mahoney confirmed the deal with the activist group.
14 January, 2015 by The TZ Newswire Staff Comments Off on Two proxy firms back Dollar Tree’s bid for Family Dollar
Two proxy firms back Dollar Tree’s bid for Family Dollar
Institutional Shareholder Services said on Wednesday Dollar Tree’s proposal was in the best interest of shareholders and was more likely to close as it faces fewer antitrust hurdles. The proxy advisory firm had asked Family Dollar’s shareholders in December to oppose Dollar Tree’s $8.5 billion cash-and-stock offer, delay voting on the deal and consider Dollar General Corp’s higher cash offer of $9.1 billion. Dollar Tree has said it would divest as many stores as required to get antitrust approval for the deal, while Dollar General has stuck to its offer to shed up to 1,500 stores.