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Yara says finance chief to lead merger talks after CEO fired

2014-10-08 15:50:15| Chemicals - Topix.net

Norwegian fertilizser maker Yara International has fired Chief Executive Joergen Ole Haslestad, saying he was unsuitable to lead merger talks with Chicago-based CF Industries, which would continue under its finance chief. Yara and CF said last month they were in early-stage talks about a "merger of equals" that would create a $27 billion rival to world number one fertilizer producer Potash Corp. Details of any deal have not been revealed.

Tags: finance lead chief ceo

 

RPT-Market Chatter-Corporate finance press digest

2014-10-08 10:44:26| Telecom - Topix.net

* Deutsche Bank is preparing to sell a $2 billion portfolio of U.S. commercial real estate loans as the North American property markets heat up, a source familiar with the matter said on Tuesday. * Dutch private equity group Waterland is in exclusive talks to buy Median Kliniken, Germany's largest private sector chain of health rehabilitation clinics, two people familiar with the matter told Reuters.

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Drive a careful bargain on finance

2014-10-05 07:39:25| Auto Dealers - Topix.net

IF new car sales are a barometer of economic health, the UK recovery would seem to be motoring along nicely. IF new car sales are a barometer of economic health, the UK recovery would seem to be motoring along nicely.

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Wet Seal finance chief Benrubi steps down

2014-10-03 11:06:00| Daily apparel & textile news and comment - from just-style.com

Steve Benrubi, the CFO of troubled retailer The Wet Seal, has announced his decision to step down as finance chief.

Tags: finance chief steps wet

 

Vodafone NZ sinks into the red as finance, operating costs mount

2014-10-03 04:54:28| Telecom - Topix.net

Vodafone New Zealand, the country's biggest mobile phone operator, reported its first annual loss since 2000 as related party finance costs from its TelstraClear acquisition and rising cost of sales weighed on the bottom line. The Auckland-based company posted a loss of $27.9 million in the 12 months ended March 31, from a profit of $55.9 million a year earlier, according to financial statements lodged with the Companies Office.

Tags: red finance costs operating

 

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