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Jul 24, 2014

Paul Singer Takes Stake in Advertising Titan Interpublic and Pushes for Sale

The hedge fund Elliott Management has taken a 6.7 percent stake in the Interpublic Group, home of big advertising agencies like McCann and FCB... #Elliott Management #Paul Singer

Jul 18, 2014

After Tough Years, Elevation Partners Rescues Investment in Forbes Media

The sale of a majority stake in Forbes Media means that Elevation Partners, the investment firm that bought 45 percent of the publisher eight years ago, will have found a way to recoup its investment... #Bono #Forbes Magazine

Jul 18, 2014

DealBook: Forbes Media to Sell Majority Stake to Hong Kong Investors

Forbes Media agreed on Friday to sell a majority stake in itself to a consortium of Asian investors, concluding a protracted sales process in which a number of prospective bidders dropped out... #Hong Kong #Forbes Magazine #Bono

Jul 18, 2014

Forbes Media sells controlling interest to Hong Kong group

The Forbes family, an emblem of American wealth and pioneer of business journalism, is giving up control over the media empire it cultivated for almost a century by selling a majority stake to a Hong Kong-based group. The transaction valued Forbes Me... #Hong Kong #Singapore #Deutsche Bank #Forbes Magazine #Steve Forbes #Credit Suisse Group|CS|NYSE

Jul 16, 2014

Yahoo profit, revenue slide as company struggles with display ad sales

Yahoo Inc. said Tuesday that its second-quarter earnings and revenue declined, as the company struggled again with display advertising sales. Both fell short of Wall Street's expectations, as did revenue forecast for the current quarter, causing the ... #Yahoo! #Wall Street #Microsoft Corporation #Google Inc. #Facebook

Jul 16, 2014

Naver says Line messenger app mulls IPO

(AP) -- Line Corp., the operator of a popular mobile messaging app, has submitted an IPO application to the Tokyo Stock Exchange but might also seek a New York listing, its parent company Naver Corp. said Wednesday. Naver, South Korea's largest Inter... #Tokyo #Thailand #Facebook #Twitter #Rakuten #Tokyo Stock Exchange

Jul 17, 2014

Airbus beats Boeing at Farnborough in orders race

(AP) -- Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough International Airshow, garnering nearly twice as many orders and commitments. The victory by the European aircraft manufacturer is its second in a row in the uno... #Airbus #Paris #Boeing #IHS Inc.

Jul 14, 2014

Sports Direct to launch in Australia and New Zealand

Online joint venture and several physical stores planned as firm looks to replicate British success overseas Britain's biggest sporting goods retailer, Sports Direct, plans to launch in Australia and New Zealand through an online joint venture and wi... #Australia #United Kingdom #Sports Direct

Jul 07, 2014

LI juice maker Apple & Eve to be sold for $150M to Canadian company

Quebec's Lassonde Industries Inc. has agreed to buy Port Washington juice company Apple & Eve LLC for $150 million in cash. Closely held Apple & Eve, with 65 employees in Port Washington and 20 more around the country, will continue to mainta... #Australia #United Kingdom #Sports Direct

Jul 07, 2014

PetSmart considers returning cash to shareholders

PetSmart Inc. said Monday that its board is considering possibly returning more money to its shareholders after an activist hedge fund bought a big stake in the company and urged it to improve its performance. The pet food retailer said in a filing w... #Australia #United Kingdom #Sports Direct