28 July, 2015 by The TZ Newswire Staff Comments Off on Exclusive: TreeHouse, Post join ConAgra’s private label auction – sources
Exclusive: TreeHouse, Post join ConAgra’s private label auction – sources
TreeHouse, Post, and private equity firms that include Apollo Global Management LLC (APO.N) and Cerberus Capital Management LP have joined the auction for Ralcorp, which is still at its early stages, the people said this week. The sources asked not to be identified because details of the sale process are confidential.
28 July, 2015 by The TZ Newswire Staff Comments Off on Belgium’s Solvay to buy U.S. chemicals firm Cytec
Belgium’s Solvay to buy U.S. chemicals firm Cytec
Belgian chemical group Solvay will buy peer Cytec in a deal valuing the U.S. firm and its debt at $6.4 billion, the company said on Wednesday. Solvay said in a statement it would pay $75.25 per share for …
28 July, 2015 by The TZ Newswire Staff Comments Off on Denials fly in war of nerves over Greek debt talks
Denials fly in war of nerves over Greek debt talks
ATHENS/BRUSSELS (Reuters) – Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting the depth of mutual mistrust over a new round of negotiations on an 86 billion euro bailout that started this week. Any hope of a fresh start in fraught relations between Greece’s leftist government, purged of its most radical members, and the institutions representing its creditors, appeared to be dashed by the flurry of assertions and rebuttals.
28 July, 2015 by The TZ Newswire Staff Comments Off on P&G says David Taylor to replace A.G. Lafley as CEO
P&G says David Taylor to replace A.G. Lafley as CEO
Taylor’s appointment is effective Nov. 1, and on the same day Lafley will become executive chairman of the board, P&G said in a statement. P&G has been struggling with sluggish sales due to “choppy” growth in developed markets, tough competition and a strong dollar. To rejuvenate growth, P&G has been streamlining its business and earlier this month said it would sell more than 40 brands to perfume maker Coty Inc for $12.5 billion to narrow its focus on fewer, faster-growing brands such as Tide and Gillette.
28 July, 2015 by The TZ Newswire Staff Comments Off on Yelp reports surprise loss, revenue forecast disappoints
Yelp reports surprise loss, revenue forecast disappoints
The company also reported its slowest revenue growth in 18 quarters in the three months ended June 30, and said Chairman Max Levchin would step down “to pursue other interests.” There has been no decision on a replacement, Yelp said. Yelp, whose shares fell more than 16 percent in extended trading, said it expected to report net revenue of $139 million-$142 million in the third quarter – well below the $152.6 million average analyst estimate. Yelp’s subscriber growth has been slowing in a crowded market.
28 July, 2015 by The TZ Newswire Staff Comments Off on What would you buy: Germany’s DAX or Apple?
What would you buy: Germany’s DAX or Apple?
Despite reporting robust second-quarter earnings last week, the value of Apple shares quickly plunged and have struggled to regain momentum.
28 July, 2015 by The TZ Newswire Staff Comments Off on China trades warily as focus switches to the Fed
China trades warily as focus switches to the Fed
Squawk Box Live brings you the latest on China’s cautious trading, another bumper day of earnings and the Federal Reserve monetary policy meeting.