Home of global market intelligence
Business News
news
Companies & Markets provides up to date company and market news, covering all sectors and industries. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers.
| Headline | Published | Market | Type |
| Telefonica to buy Brazilian mobile operator Vivo for $10 bn | 28/07/2010 | Telecommunications | Mergers & Acquisitions |
| Telefonica announced that it has reached an agreement with Portugal Telecom to acquire its share of Brazil mobile operator Vivo for $10 billion. Portugal Telecom is to use the proceeds to | |||
| Tomkins to be acquired by Pinafore Acquisitions for £2.89 billion | 27/07/2010 | Industrial | Mergers & Acquisitions |
| Tomkins Board has agreed to a takeover by a Consortium consisting of Onex and Canada Pension Plan Investment Board (Pinafore Acquisitions). Pinafore is a newly incorporated company formed in order | |||
| Bank of Ireland and ING Group pass the EU-wide stress testing exercise | 23/07/2010 | Finance and Banking | General |
| The Committee of European Banking Supervisors (CEBS) in co-operation with the European Central Bank (ECB) and under the supervision of the Central Bank and Financial Regulator has co-ordinated a | |||
| Nestle to establish regional hub for beverage innovation | 23/07/2010 | Food and Drink | Operations |
| Nestle announced that it is to establish a new regional hub for innovation in beverages. The new hub, staffed by a team of technical specialists will be located at the companies R&D Centre in | |||
| Vestas wins record 190 turbine order from Alta Wind Holdings | 22/07/2010 | Environmental | Contracts |
| Vestas announced that it has secured an order for 190 wind turbines for a single site, with a total capacity of 570 megawatts. The turbine order was placed by Alta Wind Holdings, a company which | |||
| Pearson in $497mn education acquisition in Brazil | 22/07/2010 | Business Services | Mergers & Acquisitions |
| Pearson announced that it is to acquire the learning systems division of Sistema Educacional Brasileiro (SEB) in Brazil for $497 million in cash. The 70% majority shareholder in SEB, the Zaher | |||
| Nokia Siemens to build US wireless network for LightSquared | 21/07/2010 | Telecommunications | Contracts |
| Nokia Siemens Networks has announced that it secured an eight year contract worth over $7 billion with a new US operator seeking to build a high speed wireless network to offer wholesale services. | |||
| Reckitt Benckiser to acquire SSL International | 21/07/2010 | Consumer Goods | Mergers & Acquisitions |
| Reckitt Benckiser announced that it is to acquire SSL International , the consumer products company that markets Durex and Scholl, as well as a number of other leading brands. The acquisition | |||
| Rolls Royce wins $240mn Vietnam Airlines engine order | 20/07/2010 | Aerospace | Contracts |
| Rolls-Royce announced that it has secured a $240 million share of an order from Vietnam Airlines for V2500 engines to power 36 Airbus A321. The aircraft deliveries are sheduled to start in 2011. | |||
| GKN wins manufacturing contracts with Rolls Royce and GE Aviation | 20/07/2010 | Aerospace | Contracts |
| GKN announced that it has secured new contracts to manufacture components for Rolls Royce and General Electric aircraft engines and parts for Airbus' new 350 XWB plane. The Rolls Royce | |||
| Rolls-Royce cements its position in the Russian market with an order of 24 Trent engines for Aeroflot | 19/07/2010 | Aerospace | Contracts |
| Rolls-Royce has won an order from Aeroflot, Russia's national airline, for 24 Trent 700 engines to power 11 Airbus A330s. This new contract with Aeroflot is worth US$650 million and includes | |||
| Nokia Siemens Networks acquires Motorola wireless network infrastructure for $1.2 bn | 19/07/2010 | Telecommunications | Mergers & Acquisitions |
| Nokia Siemens Networks and Motorola announced that they agreed for Nokia Siemens Networks is to acquire the majority of Motorola's wireless network infrastructure assets for $1.2 billion in | |||
| Unilever sells Italian Findus to Birds Eye Iglo | 19/07/2010 | Food and Drink | Mergers & Acquisitions |
| Unilever announced that it has sold its Italian Frozen Foods business, Findus, to a company in which Birds Eye Iglo has a stake, for €805 million. The sale includes the following brands; 4 | |||
| Bombardier Transportation’s Chinese joint venture, Bombardier Sifang, wins China’s largest single train order | 16/07/2010 | Transportation | Contracts |
| Bombardier Sifang has recently won an order for an additional 40 CRH1 high-speed transets from the Chinese Ministry of Railways; a contract which is estimated to be worth US$761 million. | |||
| ABB wins a US$700mn order to deliver a North Sea offshore wind farm | 16/07/2010 | Environmental | Contracts |
| ABB has won a large contract worth US$700 million to connect more offshore wind farms located in the North Sea to the mainland German grid. This contract involves ABB providing system | |||
| Scottish and Southern Energy partners with Mitsubishi on low carbon energy development | 16/07/2010 | Energy and Utilities | Joint Ventures |
| Scottish and Southern Energy (SSE) and Mitsubishi have entered into an agreement to cooperate on low carbon energy projects. The Mitsubishi companies involved are Mitsubishi Heavy Industries Ltd | |||
| Goldman Sachs shares surge following US$550 million settlement with SEC | 16/07/2010 | Finance and Banking | General |
| Goldman Sachs has agreed to pay US$550 million fines to settle civil fraud charges following the bank misleading investors in a subprime mortgage product. Following the news of this settlement, | |||
| Burberry acquires 50 franchise operated stores in China | 16/07/2010 | Retail | Mergers & Acquisitions |
| Burberry has entered into an agreement to purchase the stores and related assets in China operated by its Hong Kong-based master franchisee, Kwok Hang Holdings Ltd for £70 million in cash. | |||
| BP acquires Verenium biofuels business | 15/07/2010 | Energy and Utilities | Mergers & Acquisitions |
| BP announced that it has reached an agreement for BP Biofuels North America to acquire Verenium Corporation's cellulosic biofuels business. The agreement includes the acquisition of Verenium's | |||
| NTT seeks cloud computing growth with Dimension Data acquisition | 15/07/2010 | Telecommunications | Mergers & Acquisitions |
| The Japanese telecommunications company, NTT , has ageed to acquire Dimension Data for $3.2 billion. The rationale for the transaction is to expand NTT's international IT services business. | |||
| Avis Budget Group Inc in a bidding war with Hertz Global holdings for Dollar Thrifty | 14/07/2010 | Automotive and Parts | Mergers & Acquisitions |
| Avis Budget Group is seeking financing to back its bid for Dollar Thrifty, raising its secured debt from US$1.5 billion to US$2 billion. Hertz made an initial bid for the Dollar Thrifty group in | |||
| Tyco Electronics' acquisition of ADC Telecommunications to support fiber optic growth | 14/07/2010 | Telecommunications | Mergers & Acquisitions |
| Tyco Electronics announced that it has agreed to buy broadband equipment manufacturer ADC Telecommunications Inc for $1.25 billion in cash. The company said that acquisition would support its aim | |||
| Microsoft adds applications marketplace in CRM 2011 | 13/07/2010 | Information Technology | General |
| Microsoft is planning to add a marketplace site in its upcoming releases of CRM 2011 where partners can sell complementary applications. CRM 2011 will be available in beta form in September, | |||
| AMEC wins five year engineering contract from BP Azerbaijan | 13/07/2010 | Energy and Utilities | Contracts |
| AMEC plc announced that it has been awarded Master Services Agreement by BP Azerbaijan. The award, as part of the AMEC Tekfen Azfen (ATA) consortium, is a five year agreement for the provision of | |||
| Johnson & Johnson to acquire Micrus Endovascular | 12/07/2010 | Healthcare and Medical | Mergers & Acquisitions |
| Johnson & Johnson is to acquire Micrus Endovascular Corp for $480 million in order to broaden its range of medical devices that treat and prevent stroke. The acquisition of Micrus | |||
