Walt Disney is said to be working with an adviser on a potential Twitter bid, according to a Bloomberg report on Monday, putting the entertainment company together with firms such as Google and Salesforce in the race to buy San Francisco-based social network. The purchase would give Disney a new online outlet for entertainment.
Marriott International has completed the $17 billion acquisition of the Starwood Hotels & Resorts Worldwide, thus creating the largest hotel group in the world, as the note of the company suggested. Starwood shareholders will receive $ 21 in cash and 0.80 share of Marriott class A common stock for each share of Starwood common stock.
Marriott intends to take the necessary steps to ensure that the Starwood debt is matched by the debt of Marriott International by the end of 2016, in order to maintain the credit rating of investment grade.
Yahoo could confirm in the coming days a data breach in the accounts of several hundred million users, as reported by Recode citing unnamed sources. The breach may affect over 200 million Yahoo accounts, including highly sensitive information such as names, passwords, birth dates or other email addresses. The confirmation would follow a Yahoo investigation into claims that surfaced in early August that a hacker with the name "Peace" was trying to sell data, as referred by USA Today.
Volkswagen will face claims for 8.2 billion euro over Dieselgate. About 1,400 lawsuits have been lodged at the regional court in Braunschweig near VW’s Wolfsburg headquarters, the court said.
The facts date back to last year, when from United States emerged that the Wolfsburg automaker used a software to make up the data on harmful emissions of its cars. Overall about two billion requests come from institutional investors, while the remaining 6.2 billion come from private investors.
General Motors and Unifor, the Canadian trade union of workers in the sector, reached an agreement that averted a strike that would lead to blocking of some of the Canadian facilities of the company.
The deal, which will be subject to a ratification vote on Sunday, provides that Oshawa’s assembly plant will remain open, that it’s focused on sedans that come out of production in 2019 and GM is committed to investing "hundreds of millions of dollars" in a restructuring program to allow the assembly also of other product categories.
China is creating the second largest steel group in the world.
According to Chinese media, it could be announced in the week the takeover by Baosteel Group, government-company, China’s second giant of the sector, which would incorporate Wuhan Iron and Steel Group. The two companies are currently in fourth and eleventh place in the world ranking of steel producers and, according to figures by the World Steel Association, combined annual capacity of the two companies in 2015 was around to 60.7 million tons, behind only to Luxembourg-based ArcelorMittal.
OVS, Italian clothing chain, has launched a takeover bid for Charles Vögele Holding, active in the fashion retailer, with 760 stores including Switzerland, Germany, Austria, Holland, Belgium, Eastern Europe and annual sales of about 800 million Swiss francs .
The goal is to acquire a minority stake of 35% in Sempione Retail for a total investment of 14.1 million Swiss francs and no significant impact on indebtedness. Sempione Retail is the vehicle through which it was launched the takeover bid for the shares of Charles Vögele Holding, at a price of 6.38 Swiss francs each.
FCA Us started a voluntary recall of more than 1.9 million vehicles worldwide to fix an air-bag defect linked to three deaths and five injuries. In particular, the US subsidiary of Fiat Chrysler Automobiles has set itself the goal of solving a defect that could prevent the proper functioning of airbags and pre-tensioner seat belts in an accident. The defect concerns vehicles equipped with a special control module and crash sensors with a specific design.
