POST Online Media Lite Edition



 

Companies : Page 2694

J.P. Morgan Chase to cut 300 branches, save billions

February 24, 2015
J.P. Morgan Chase plans to cut roughly 300 branches by the end of 2016 as well as some jobs at these branches, executives in the bank's Consumer & Community Banking division said at the investor meeting.

Target lowers free shipping minimum to $25 for online orders

February 24, 2015
Target announced that all online orders of $25 or more now qualify for free shipping, with virtually no exclusions.

Raytheon and Boeing to work together for Saudi Air Force

February 24, 2015
Raytheon and Boeing will together work to offer a comprehensive C5I (Command, Control, Communications, Computers, Cyber and Intelligence) solution for the modernization of the Royal Saudi Air Force (RSAF) command and control system.

EU opens in-depth investigation into GE' acquisition of Alstom'energy businesses

February 24, 2015
The European Commission said it has opened an in-depth investigation to assess whether General Electric's proposed acquisition of the Thermal Power, Renewable Power & Grid businesses of Alstom SA is in line with the EU Merger Regulation.

Keurig Green Mountain buys back shares from Lavazza

February 24, 2015
Keurig Green Mountain, Inc. announced that on February 21, 2015 it entered into an agreement to repurchase approximately 5.2 million shares of Keurig common stock beneficially owned by Luigi Lavazza S.p.A. for $119.18 per share.

AAR to sell Telair Cargo Group to TransDigm for $725 million

February 24, 2015
AAR announced it has agreed to sell its Telair Cargo Group to TransDigm for a purchase price of $725 million in cash, subject to adjustments.

Kimberly-Clark to buy pension annuity contracts

February 24, 2015
Kimberly-Clark has entered into purchase agreements with Prudential and MassMutual for group annuity contracts that will transfer payment responsibility for retirement pension benefits owed to approximately 21,000 Kimberly-Clark retirees in the U.S. to the two insurers.

British American Tobacco confirms possible offer for Souza Cruz minorities

February 24, 2015
Following on from the recent announcement by Souza Cruz, British American Tobacco (BAT) confirms that it is evaluating a possible public tender offer to acquire up to all of the 24.7% of Souza Cruz shares which are not currently owned by BAT and to delist the company.

AngloGold Ashanti EBITDA $1.67 billion

February 24, 2015
AngloGold Ashanti posted its second consecutive growth in annual production alongside a 13% improvement in all-in sustaining costs, as it continued to focus on portfolio improvements and capital discipline.

Brazil Prosecutors seeking $1.6 billion from firms in Petrobras scandal

February 24, 2015
Brazilian prosecutors filed civil lawsuits against six construction companies accused of forming a cartel to artificially drive up the price of their contracts with state-controlled oil giant Petrobras, saying they should pay roughly $1.6 billion in penalties.

New Residential Investment to buy HLSS for $1.3 billion

February 24, 2015
New Residential Investment Corp. and Home Loan Servicing Solutions, Ltd. announced a definitive agreement under which New Residential will acquire all of the outstanding shares of HLSS for $18.25 per share in cash, totaling approximately $1.3 billion.

Minister tells Eletrobras to end project delays

February 24, 2015
Brazil's state-run power utility Eletrobras will prioritize existing generation and transmission works in 2015 as it moves to prevent further delays to key projects.