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Gap to shutter many stores, lay off staff in revival bid
2015-06-16 09:25:31| Apparel - Topix.net
In this Aug. 9, 2009, file photo, a shopper leaves a Gap store in Palo Alto, Calif. The nation's largest clothing chain, which operates, Gap, Old Navy, Banana Republic and Athleta, said it would raise the wages to $10 by 2015.
Cinven conditional bid for Telekom Slovenije rejected
2015-06-16 08:23:00| Telecompaper Headlines
(Telecompaper) Slovenian state firm SDH announced it has rejected UK investment firm Cinven's bid for Telekom Slovenije. It said the bid was rejected because Cinven attached additional conditions to the offer submitted 20 May. SDH added it was still prepared to complete the transaction without those conditions. According to local media reports, Cinven's additional condition was that it retains a part of the purchase price until Macedonian regulators approve Telekom Slovenije's sale of its Macedonian unit One to Telekom Austria. For its part, Cinven said it remains interested in the purchase of Telekom Slovenije and open to re-evaluating the situation in the coming weeks.
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Fracking bid 'should be approved'
2015-06-15 12:45:17| BBC News | Business | UK Edition
Fracking should be allowed at one of two sites on the Fylde coast in Lancashire, a report recommends.
In $8 billion Samsung bid, some Koreans break ranks to side with foreign activist
2015-06-15 00:23:53| Chemicals - Topix.net
In a country with a record of hostility toward foreign capital, some local investors are breaking with tradition as they side with a U.S. hedge fund opposing an $8 billion merger seen vital to the transfer of leadership at South Korea's top conglomerate. Hundreds of Samsung C&T Corp's small stakeholders have converged on a public web forum in recent days to protest what they say is a low-ball all-stock takeover offer from Cheil Industries Inc , an affiliate of Samsung Group and the conglomerate's de facto holding company.
In $8 billion Samsung bid, some Koreans break ranks to side with foreign activist
2015-06-15 00:09:41| Electronics - Topix.net
In a country with a record of hostility toward foreign capital, some local investors are breaking with tradition as they side with a U.S. hedge fund opposing an $8 billion merger seen vital to the transfer of leadership at South Korea's top conglomerate. Hundreds of Samsung C&T Corp's small stakeholders have converged on a public web forum in recent days to protest what they say is a low-ball all-stock takeover offer from Cheil Industries Inc , an affiliate of Samsung Group and the conglomerate's de facto holding company.
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