| | |
| Michael Dell spoke with Blackstone during "go-shop": source Friday, Mar 29, 2013 12:23 PM PDT  By Greg Roumeliotis NEW YORK (Reuters) - Dell Inc founder and CEO Michael Dell met with private equity firms Blackstone Group LP and Francisco Partners during the computer maker's "go-shop" period, a person familiar with the matter said on Friday. The meetings, which took place on March 7 and 8, will be disclosed in Dell's proxy statement on Friday and indicate Blackstone explored early on the possibility of keeping Michael Dell as CEO in a bid to take over the company, the person said on condition of anonymity because the information was not yet public. ... Full Story | Top |
| Glass Lewis urges MetroPCS shareholders vote down T-Mobile USA deal Friday, Mar 29, 2013 12:04 PM PDT  NEW YORK (Reuters) - Proxy advisor Glass Lewis on Friday became the second firm to suggest that MetroPCS Communications Inc shareholders vote against its proposed merger with T-Mobile USA, adding pressure on Deutsche Telekom AG to offer a sweeter deal. The advisory follows a recommendation by larger proxy firm ISS late on Wednesday night that shareholders should vote against the deal with T-Mobile USA, the U.S. business of Deutsche Telekom. A smaller advisory firm, Egan Jones, had recommended its clients vote in favor of the transaction. ... Full Story | Top |
| Russia's MTS acquires stake in parent's bank Friday, Mar 29, 2013 05:28 AM PDT  MOSCOW (Reuters) - Russia's top mobile phone operator MTS said on Friday it has acquired a 25.1 percent stake in MTS Bank for 5.1 billion roubles ($164 million) by buying additional shares issued by the bank. The deal was concluded in accordance with the terms of an indicative offer between MTS, MTS Bank and their majority shareholder Sistema that were announced in October 2012. MTS now owns around 27 percent of MTS Bank, Sistema has a 65.3 percent stake, while the balance of shares is held by other minority shareholders, MTS said in a statement. ($1 = 31. ... Full Story | Top |
| Japan's NEC in talks to sell mobile phone unit to Lenovo: source Thursday, Mar 28, 2013 10:13 PM PDT  TOKYO (Reuters) - Japan's NEC Corp is in talks to sell its struggling mobile phone unit to its personal computer venture partner Lenovo Group Ltd, a source familiar with the discussions said, confirming media reports of the negotiations. NEC is also in talks with potential domestic buyers, the source said on condition that he wasn't identified. NEC has until now said its mobile business is an important part of its overall operations. But after two years of losses the company is shedding assets to bolster profitability. ... Full Story | Top |
| EBay sets aggressive 2015 targets, shares climb Thursday, Mar 28, 2013 02:55 PM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - EBay Inc foresees annual earnings growth of 15 percent to 19 percent over the next three years, and is targeting an increase in revenue of as much as 68 percent for the period. The aggressive goals drove its shares up more than 4 percent. Executives told analysts at eBay's annual investor day on Thursday that they expect revenue of $21.5 billion to $23.5 billion in 2015, versus $14 billion in 2012, as the company expands globally, focusing more on local commerce and using mobile technology to lure shoppers. ... Full Story | Top |
| Amazon plans to buy social network for book fans Thursday, Mar 28, 2013 02:19 PM PDT  (Reuters) - Amazon.com Inc said on Thursday it plans to acquire the book recommendation website, Goodreads. In buying Goodreads, Amazon gets a community of bibliophiles primed to buy and recommend books - one of its key areas of business. "Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world," Russ Grandinetti, Amazon vice president, Kindle Content, said in a release. Based in San Francisco, Goodreads is a social network site that lets bookworms catalog and review books. ... Full Story | Top |
| Clearwire taps Sprint funds, boosting deal prospects Thursday, Mar 28, 2013 02:07 PM PDT  (Reuters) - Wireless service provider Clearwire Corp said it would draw on $80 million in financing from Sprint Nextel Corp , which is seeking to buy it, reducing the chances for rival bidder Dish Network Corp . Clearwire, which is already majority owned by Sprint, said on Wednesday that it would continue talks with Dish but that it has not changed its recommendation in favor of its agreement with No. 3 U.S. mobile provider Sprint. "We anticipate filing our definitive proxy in the coming weeks," Clearwire Chief Executive Erik Prusch said in a filing. ... Full Story | Top |
| New York high court upholds state's "Amazon tax" Thursday, Mar 28, 2013 01:58 PM PDT  NEW YORK (Reuters) - Amazon.com Inc and other out-of-state online retailers must collect state tax on New York state customers, the state's highest court ruled on Thursday, a decision at odds with other courts that could set the stage for a showdown in the U.S. Supreme Court. The case, combining two brought by Amazon and Overstock.com Inc, was decided by the New York State Court of Appeals by a vote of 4-1. "It's unfortunate and the (U.S.) Supreme Court ought to look at this," Overstock acting Chief Executive Jonathan Johnson told Reuters by phone. ... Full Story | Top |
| EBay CFO sees profit per share up 15 to 19 percent a year over next 3 years Thursday, Mar 28, 2013 01:25 PM PDT SAN FRANCISCO (Reuters) - EBay Inc Chief Financial Officer Bob Swan forecast earnings per share growth of 15 percent to 19 percent a year over the next three years Swan also said PayPal's new offline business can generate transaction margins of about 40 percent. He also forecast cash flow of more than $11 billion over the next three years. (Reporting by Alistair Barr) Full Story | Top |
| Ebay forecasts doubling of its PayPal business in three years Thursday, Mar 28, 2013 01:02 PM PDT SAN FRANCISCO (Reuters) - Ebay Inc forecast on Thursday a doubling of its PayPal payments business by 2015. PayPal President David Marcus told analysts at eBay's annual investor day that by 2015, the company will begin to see the benefits of its push to extend payments services into physical retail locations. (Reporting by Alistair Barr) Full Story | Top |
|
No comments:
Post a Comment