19 March, 2015 by The TZ Newswire Staff Comments Off on Standard General’s bid is RadioShack’s sole hope of survival: WSJ
Standard General’s bid is RadioShack’s sole hope of survival: WSJ
The offer is less than the earlier estimate of $200 million made by the hedge fund because the lead bidder is leaving hundreds of RadioShack stores behind, the Journal reported. The deal with Standard is the only proposal that could save 9,000 jobs at the retailer, Standard General’s lawyer Gregg Galardi said at a court hearing, according to the report.
19 March, 2015 by The TZ Newswire Staff Comments Off on Japan says difficult to reach Japan-U.S. trade deal without TPA
Japan says difficult to reach Japan-U.S. trade deal without TPA
Japanese Economy Minister Akira Amari said on Friday it would be difficult to reach an agreement in two-way trade talks between Japan and the United States unless U.S. lawmakers fast-tracked trade promotion legislation. The two countries have been working toward an agreement over access to agriculture and auto markets and a bilateral deal between them is considered key to a 12-nation Trans-Pacific Partnership (TPP) deal.
19 March, 2015 by The TZ Newswire Staff Comments Off on Brent falls towards $54, heads for third weekly loss
Brent falls towards $54, heads for third weekly loss
Brent crude fell towards $54 a barrel on Friday and was on track for its third weekly loss, hurt by oversupply worries after Kuwait said OPEC had no choice but to maintain output levels. High inventory in the United States, the world’s largest oil consumer, also weighed on prices. Brent crude for May delivery (LCOc1) had fallen 13 cents to $54.30 a barrel by 0622 GMT. So that’s a further supply side concern on top of news coming out of Kuwait,” said Ben Le Brun, market analyst at OptionsXpress in Sydney.
19 March, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Japan tax agency, Hong Kong join FBI in reviewing Universal casino payments – sources
Exclusive: Japan tax agency, Hong Kong join FBI in reviewing Universal casino payments – sources
TOKYO/BILOXI, Mississippi (Reuters) – Japan’s tax authorities have begun a review of how slot machine maker and casino developer Universal Entertainment accounted for $40 million in payments made in 2010 to an associate of the Philippines’ top gambling regulator at that time, people with knowledge of the matter told Reuters. Separately, the payments are also a focus of a previously undisclosed criminal investigation by Hong Kong’s Independent Commission Against Corruption, sources said.
19 March, 2015 by The TZ Newswire Staff Comments Off on Sharp says not considering LCD spin-off as banks seek overhaul
Sharp says not considering LCD spin-off as banks seek overhaul
Loss-making Japanese electronics firm Sharp Corp said it’s not considering spinning off its liquid crystal display business as part of a bailout plan under discussion with lenders seeking restructuring moves in return for extending support. “This is not something we announced, nor is it something we are considering,” Sharp said in a statement on Friday. Sankei’s report followed other media coverage on expected changes at Sharp, including a possible exit from North American TV manufacturing, in return for a bailout by banks.
19 March, 2015 by The TZ Newswire Staff Comments Off on Holcim, Lafarge agree new terms for merger deal
Holcim, Lafarge agree new terms for merger deal
FRANKFURT/PARIS (Reuters) – Holcim Ltd (HOLN.VX) and Lafarge SA (LAFP.PA) have agreed to new terms over their planned multi-billion-euro merger, which would create the world’s biggest cement firm, including agreeing to a new share-swap ratio for the deal. They agreed to a ratio of 9 Holcim shares for 10 Lafarge shares, Holcim said on Friday. It said the appointment of a new chief executive for the combined group would be communicated in due course, at the latest upon filing of the public offer to the Lafarge shareholders.
19 March, 2015 by The TZ Newswire Staff Comments Off on Confidential FTC report found Google anticompetitive tactics: WSJ
Confidential FTC report found Google anticompetitive tactics: WSJ
Key staff members at the U.S. Federal Trade Commission were in favor of suing Google Inc for violating antitrust rules before the agency settled its investigation in 2013, according a confidential report cited by the Wall Street Journal on Thursday. The report by the staff of the FTC’s competition bureau argued that the owner of the world’s No. 1 Internet search engine illegally took information from rival websites to improve its own search results and placed restrictions on websites and advertisers. The report recommended suing Google for several of its business practices.