Friday 24th November 2017,
Radio Metta

Business

Marriott wins back Sheraton-owner Starwood with new offer

Marriott wins back Sheraton-owner Starwood with new offer

Starwood Hotels and Resorts Worldwide Inc (HOT.N), owner of the Sheraton and Westin brands, accepted a higher $13.6 billion acquisition offer from peer Marriott International Inc (MAR.O), spurning a bid from China’s Anbang Insurance Group. The move dramatically raises the stakes in the bidding war since the deal with Marriott prohibits Starwood from communicating with [...]

March 21, 2016 Saheli Business Comments Off on Marriott wins back Sheraton-owner Starwood with new offer

Drugmaker Valeant CEO leaving as investor Ackman joins board

Drugmaker Valeant CEO leaving as investor Ackman joins board

Drugmaker Valeant Pharmaceuticals International Inc (VRX.TO)(VRX.N) said on Monday its chief executive officer is leaving and billionaire investor William Ackman would join the board as it tries to clean up accounting problems and save its business. The company, whose operations include prescription drugs, consumer products, and Bausch & Lomb eye care, has lost nearly 90 [...]

March 21, 2016 Saheli Business Comments Off on Drugmaker Valeant CEO leaving as investor Ackman joins board

Apple unveils smaller iPhone SE, starting at $399

Apple unveils smaller iPhone SE, starting at $399

Apple Inc (AAPL.O) on Monday unveiled a smaller, cheaper iPhone aimed at new buyers, especially in emerging markets and possibly China, the world’s biggest buyer of smartphones, as the technology company looks to reverse a decline in worldwide sales of its most important product. The new device, called the iPhone SE, has a 4-inch (10-cm) [...]

March 21, 2016 Saheli Business Comments Off on Apple unveils smaller iPhone SE, starting at $399

Jot This Down: Post-it Celebrates 35 Years of Reminding You

Jot This Down: Post-it Celebrates 35 Years of Reminding You

Note to self: Remember that Post-its turn 35 this month. Since it first hit office supply closets across America in the early Eighties, the ubiquitous sticky square has been a life saver for our notes, reminders, and everything in between. Who can forget the iconic “Sex and the City” breakup when Carrie Bradshaw was dumped [...]

March 19, 2016 Saheli Business Comments Off on Jot This Down: Post-it Celebrates 35 Years of Reminding You

Blue Diamond Worn for Years by Shirley Temple Up for Auction

Blue Diamond Worn for Years by Shirley Temple Up for Auction

A blue diamond ring that child star-turned-diplomat Shirley Temple wore for decades is going up for auction. Sotheby’s says the 9.54 carat ring is among the more than 300 lots in the “Magnificent Jewels” auction scheduled for April 19 in New York. It has a pre-sale estimate of between $25 million and $35 million. Sotheby’s [...]

March 19, 2016 Saheli Business Comments Off on Blue Diamond Worn for Years by Shirley Temple Up for Auction

Argentina lawmakers back debt settlement deal

Argentina lawmakers back debt settlement deal

After 20 hours of debate, a majority of 165 to 86 lawmakers voted in favour of repealing two bills which stood in the way of the agreement with creditors. It is a victory for President Mauricio Macri who struck the deal after his election win in November. It will now go to the Senate, where [...]

March 16, 2016 Saheli Business Comments Off on Argentina lawmakers back debt settlement deal

London Stock Exchange and Deutsche Boerse agree merger

London Stock Exchange and Deutsche Boerse agree merger

The tie-up will create one of the largest exchange companies in the world with a combined value of about £21bn. Under the terms of the deal, LSE shareholders will own 45.6% of the new holding company, while Deutsche Boerse shareholders will own 54.4%. LSE chief executive Xavier Rolet said the two firms were “creating an [...]

March 16, 2016 Saheli Business Comments Off on London Stock Exchange and Deutsche Boerse agree merger

US Federal Reserve holds interest rates

US Federal Reserve holds interest rates

The central bank said the labour market was strengthening, but it was still looking for inflation to reach its 2%. target. The Fed indicated it expected the US economy to continue to “expand at a moderate pace” Interest rates remain between 0.25% and 0.5% after being raised for the first time in nearly a decade [...]

March 16, 2016 Saheli Business Comments Off on US Federal Reserve holds interest rates

U.S. sailor arrested for rape in Okinawa

U.S. sailor arrested for rape in Okinawa

NAHA, Japan, March 14  — A U.S. sailor has been arrested for alleging raping a Japanese woman at a hotel in Okinawa, local police said. Navy sailor Justin Castellanos, 24, stationed at Camp Schwab in Okinawa, wasarrested for allegedl taking the woman, a 40-year-old tourist from the mainland of Japan, from the hotel lobby up to [...]

March 15, 2016 Saheli Business Comments Off on U.S. sailor arrested for rape in Okinawa

PSUs spent over Rs 2400 crore in CSR in 2014-15

PSUs spent over Rs 2400 crore in CSR in 2014-15

  116 central public sector enterprises have spent an amount of Rs 2447.59 crore on Corporate Social Responsibility (CSR) activities in 2014-15 and no complaint has been received on misuse of these funds, government said today. Heavy Industries and Public Enterprises Minister Anant Geete said this in Rajya Sabha during the question hour after several [...]

March 10, 2016 Saheli Business Comments Off on PSUs spent over Rs 2400 crore in CSR in 2014-15

ECB cuts rates, expands asset-buying programme to boost economy

ECB cuts rates, expands asset-buying programme to boost economy

FRANKFURT: The European Central Bank delved deep into its remaining arsenal of stimulus options on Thursday, cutting all three of its interest rates and expanding asset-buying to boost the economy and prevent ultra-low inflation becoming entrenched. In moves that initially pushed the euro 1 per cent down against the dollar before recovering, the ECB cut [...]

March 10, 2016 Saheli Business Comments Off on ECB cuts rates, expands asset-buying programme to boost economy

Michael Horn, VW’s US president, resigns ‘effective immediately’

Michael Horn, VW’s US president, resigns ‘effective immediately’

The head of Volkswagen in the US resigned “effective immediately” on Wednesday night as the company struggles to agree on a settlement with the US government over its emissions cheating scandal. Michael Horn, who had served as VW’s US president and chief executive since 2014, was not quoted in the company’s three-paragraph statement announcing his [...]

March 10, 2016 Saheli Business Comments Off on Michael Horn, VW’s US president, resigns ‘effective immediately’