We hear so frequently about the players behind Manhattan’s billion-dollar real estate projects and how foreign investors are pouring a global vault’s worth of currency into New York City property, often shielded by LLCs. It’s illuminating to get a closer look at the city’s larger real estate landscape–one that has changed ... Read More »
We hear so frequently about the players behind Manhattan’s billion-dollar real estate projects and how foreign investors are pouring a global vault’s worth of currency into New York City property, often shielded by LLCs. It’s illuminating to get a closer look at the city’s larger real estate landscape–one that has changed ... Read More »
Bill Maris, the founder and CEO of Alphabet’s venture capital business, GV (formerly Google Ventures), confirmed on Thursday that he is leaving the company. When tech news website Recode asked the Alphabet exec why he’s leaving the $2.4 billion (£1.6 billion) fund that has invested in 300 companies including the ... Read More »
Dollar Shave Club, the subscription online razor and toiletry service, has sold to Unilever for a reported $1 billion. Unilever, maker of Axe Body Spray and Dove Soap reportedly paid cash for the private, Los-angeles-based company. The terms of the deal were not disclosed in a press release, but Fortune ... Read More »
The first study to quantify the global cost of individuals’ physical inactivity puts the tab at $67.5 billion per year. Researchers at Australia’s University of Sydney, using 2013 data from 142 countries, studied five major non-communicable diseases, incidences of which could be reduced by exercise — coronary heart disease, stroke, ... Read More »
After a dismal earnings report, Norwegian energy company Statoil said it secured a stake in an oil basin off the coast of Brazil from the nation’s oil company. “Through this acquisition, we are accessing a world class asset, and we strengthen our position in Brazil, one of Statoil’s core areas ... Read More »
St. Lucia’s government has signed an agreement to build the island’s first internationally targeted, integrated development — a project worth $2.6 billion designed to attract Chinese tourists and investment. The Pearl of the Caribbean will occupy a 700-acre site on the south end of the island. Plans include a casino, ... Read More »
Boeing Co (BA.N) is set to win a 2-billion-pound ($2.92 billion) contract from the UK Ministry of Defence (MoD) for new Apache helicopters, the Telegraph reported. The MoD has decided to give Boeing a 50-aircraft contract, including servicing, and the announcement could come as early as July, the newspaper said. ... Read More »
Kicking the smoking dependancy boosts extra than just your health — it also saves cash. that’s because health care charges plummet simply 365 days after preventing, new studies suggests. a ten percent decline in smoking would lessen U.S. health care fees by way of $63 billion the followingyr, a look ... Read More »
U.S. oil and gas major Chevron Corp has put its Myanmar gas block stakes worth an estimated $1.3 billion up for sale, banking sources familiar with the matter said, in what would mark the biggest M&A transaction involving the country’s assets. The sale is part of Chevron’s efforts to preserve ... Read More »
Global distressed asset buyers such as JC Flowers & Co and Apollo Global are flocking to India, where banks have been ordered to clean up an estimated $120 billion of bad and troubled loans. Bad loans at Indian banks jumped by nearly a third to around 4 trillion rupees ($60.3 ... Read More »
NEW YORK: US pharmaceutical giant Pfizer said Wednesday it was abandoning plans for a $160 billion merger with Allergan, citing new US rules cracking down on tie ups aimed at saving on taxes. The deal with the Irish-based firm would have created the world’s largest pharmaceutical company. Pfizer said in ... Read More »
