Ackman says Allergan holders back takeover at $180/shr: CNBC
(Reuters) – Allergan Inc shareholders have told activist investor William Ackman, who along with Valeant Pharmaceuticals is trying to buy Botox maker Allergan Inc that they would support a deal at $180 per share, Ackman said Monday.
Ageing farmers, low-yield crops hurt Cameroon’s cocoa ambitions
YAOUNDE/DAKAR (Reuters) – Cameroon’s ambition to triple cocoa production and become one of the world’s top three producers within a decade is being hampered by a failure to modernize ageing plantations and attract young farmers to the sector.
Alitalia needs a few weeks to close Etihad deal: CEO
ROME (Reuters) – Alitalia needs a few weeks to seal a deal with Etihad which could see the Abu Dhabi airline invest 560 million euros ($762 million) in its struggling Italian peer in return for hefty job cuts, Alitalia chief executive Gabriele del Torc…
Iraq to stay ahead of Iran for now in rivalry for OPEC No.2 spot
VIENNA (Reuters) – A full lifting of sanctions on Iran could spark new rivalries within OPEC as Tehran seeks to reclaim its rank as No. 2 producer from former foe Iraq.
VW’s Skoda posts record May unit sales, up 15 percent
PRAGUE (Reuters) – Czech carmaker Skoda Auto, a unit of Volkswagen, posted a 15.2 percent rise in global sales in May, selling 91,200 units, a record for that month, it said on Monday.
Illinois parts-maker fights U.S. IRS over cross-border tax deal
WASHINGTON (Reuters) – The U.S. Internal Revenue Service and manufacturer Illinois Tool Works Inc are battling in U.S. Tax Court over a $356.8 million dispute that highlights a type of cross-border tax avoidance strategy facing increased scrutiny world…
Britain becomes haven for U.S. companies keen to cut tax bills
LONDON (Reuters) – Nothing about the narrow cream-colored lobby at 160 Aldersgate Street in the City of London financial district gives a hint of its role at the center of the offshore oil industry.
World stocks inch towards all-time high
LONDON, June 9 (Reuters) – World shares were within touching distance of an all-time high on Monday, spurred on by the potent combination of record low global interest rates and the improving health of major economies.
Amazon expands middleman role in latest online payments push
SAN FRANCISCO (Reuters) – Amazon.com Inc will start managing subscription payments for start-ups and other companies – the latest in a series of quiet moves the e-commerce giant has made into PayPal’s turf over the past year.
Cyber crime costs global economy $445 billion a year: report
LONDON (Reuters) – Cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking, according to research published on M…
