Vista Equity Partners to buy Solera Holdings Inc. for $6.5 B
Vista Equity Partners together with Goldman Sachs and Koch Industries offers to buy Solera Holdings Inc for a total of $6.5 billion including net debt. The deal will also see Vista buying the company's share at $55.85 per share in cash making it as the biggest acquisition for the firm.
Sep 14, 2015 02:03 AM EDT
Next Plc beats profit forecast; raises wages
UK retailing major Next Plc recorded better than forecast profits for the first half of 2015. Stronger British pound and encouraging performance of its buying teams helped the company post a better results than its peers in the industry. The company has also announced wage rise falling in line with new UK's National Living Wage act.
Sep 14, 2015 02:00 AM EDT
Social security strategies for singles - these are friends with real benefits
If you are single and never been married with or without dependents, you will want to get the most out of your Social Security. There are strategies that are beneficial to single folks such as delaying their filing to increase retirement benefits.
Sep 14, 2015 01:59 AM EDT
Cage-free eggs for McDonald's in a decade
In about 10 years, consumers of McDonald's will eat eggs lain by free-roaming chickens. This is good news for hens and animal welfare groups but will costs more to egg suppliers.
Sep 14, 2015 01:56 AM EDT
Iran to sell crude oil to Asia on a huge discount in a bid to regain market share in the region
Iran provided good news by reducing the price of its crude oil being sold to Asia come October. Iran is trying to win back its market share in the oil industry competing with other OPEC members, specially Saudi Arabia.
Sep 14, 2015 01:53 AM EDT
Rose Gold iPhone makes its debut
The rose gold color has been revived by Apple with its iPhone 6s giving the efficient smartphone its simple but sophisticated color. Rose gold is the trending color from interior designs to jewelries.
Sep 14, 2015 01:49 AM EDT
Nestlé’s Nespresso provides bigger cups of coffee for Americans
Switzerland is welcoming another Nespresso plant to be situated in Rosmont to cater to America's preference for bigger cups of coffee. It will be the only Nespresso plant to produce pods for VertuoLine to boost more sales in the U.S.
Sep 14, 2015 01:48 AM EDT
Twitter's Periscope adds landscape mode, broadcast options and Facebook sharing
Twitter's live streaming app, Periscope, updates its features. That includes broadcasting in the landscape mode, broadcast privacy options and Facebook sharing.
Sep 14, 2015 01:47 AM EDT
Australian dollar recovers as unemployment figures went down
Australia is one of the countries being hit by the global economic turmoil. Now, it is beginning to recover as many businesses hire more employees resulting in the decrease of unemployment rate making the Australian dollar regains its strength.
Sep 14, 2015 01:47 AM EDT
German industrial output gains points, most intense in July
The German industry is beginning to cope up from the previous months of economic slowdown. More goods are now produced, creating more jobs and dropping the rate of unemployment.
Sep 14, 2015 01:43 AM EDT
Apple takes a bite at the enterprise segment
Apple’s latest moves are suggesting that the giant tech company is redesigning itself to penetrate the business and enterprise IT.
Sep 14, 2015 01:42 AM EDT
Stephen Colbert's The Late Show interview with Uber CEO interrupted by cabbie protesters
Stephen Colbert's The Late Night Show interview with Uber CEO Travis Kalanick was interrupted when two cabbies yell at the audience protesting how the CEO is killing the taxi industry.
Sep 14, 2015 01:38 AM EDT
China deflation feared as producer prices fall anew
Fears of deflation in China intensify as producer prices in August plummet for the 42nd time in a row. The decline is attributed to lower demand as well as duplication of industries across China.
Sep 14, 2015 01:36 AM EDT
Serbia cuts rates for 2nd time this month
Serbian's central bank slashed interest rate for the second month in a row. Though it was on expected line, but the suddent announcement surprised everyone. The move aimed at strengthening economy growth. the GDP growth rate is at low ebb, but it's recovering from the previous year's contraction.
Sep 14, 2015 01:35 AM EDT
Jeff Bezo's space firm joins Lockheed-Boeing rocket venture
Lockheed-Boeing joint venture, United Launch Alliance is planning to expands their partnership with Blue Origin. The news comes in as Aerojet Rocketdyne Holdings offer a cash bid of $2 billion to buy the venture.
Sep 14, 2015 01:32 AM EDT