Archive for July 3rd, 2012
Olympics predicted to boost UK economy by £16.5bn
The UK economy will get a £16.5bn boost from the London Olympic Games, a new report claimed today. Banking group Lloyds, whose Lloyds TSB is a London 2012 sponsor, said that the event is driving activity across the key sectors …
Bob Diamond resigns as Barclays chief executive
Bob Diamond, the chief executive of Barclays plc (LSE:BARC), announced today that he is resigning with immediate effect. Chairman Marcus Agius announced his own resignation yesterday but he will
Fiat to increase Chrysler stake to 61.8% via option for more shares
Italian carmaker Fiat SpA (BIT:F) on Tuesday announced plans to exercise an option to acquire an initial tranche of 3.3% in Chrysler Group LLC from the the VEBA
MMK abandons Flinders Mines deal
Australian iron miner Flinders Mines Ltd (ASX:FMS) announced on Tuesday its Russian bidder Magnitogorsk Iron & Steel Works (RTC:MAGN), or MMK, had informed it of a decision to
Dell unveils $2.4bn deal to buy Quest Software
US PC maker Dell Inc (NASDAQ:DELL) has struck a $2.4bn (€1.9bn) definitive deal to acquire IT management software company Quest Software Inc (NASDAQ:QSFT), thus beating the latter's other
Anadarko Petroleum agrees partnership for Gulf of Mexico Lucius development
US oil explorer Anadarko Petroleum Corporation (NYSE: APC) announced that it would create a capital carry joint venture with an unnamed partner for Anadarko's ownership in the Gulf
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